Service Quality and Resilience are Key in Current GCC Environment
The GCC was, generally, very quick to react when early signs of the coronavirus appeared in the region, with a…
Regulation, Risk & Compliance
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Saudi Arabia's PIF buying spree is vote of confidence in pandemic recovery
We should have seen it coming. Yasir Al-Rumayyan, governor of Saudi Arabia’s Public Investment Fund (PIF), told a virtual gathering…
VakıfBank becomes first Turkish lender to obtain license in Qatar
Turkish public lender VakıfBank has obtained a banking license in Qatar, it announced Monday. The bank's announcement came after…
Saudi Arabia's sovereign wealth fund seeks $10bn margin loan
Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank…
Dubai Islamic Bank donates AED16 million to Zakat Fund projects
The Dubai Islamic Bank donated AED16 million to the Zakat Fund, whose projects this year are being carried out under…
NIB approves capital hike for aiBANK
National Investment Bank agreed to increase the capital of Arab Investment Bank by EGP 800 million, Hala el Said, Egypt’s…
Arab Monetary Fund disburses to Kingdom of Jordan the second tranche of the loan
Arab Monetary Fund disburses to the Hashemite Kingdom of Jordan the second tranche of the loan within the framework of…
Linklaters Plans Third Middle East Office
Linklaters is planning to expand its Middle Eastern offering with a new office in the region, two people close to…
European bank loans Turkey’s QNB Finansbank $108M
The European Bank for Reconstruction and Development (EBRD) is providing a €100 million ($108 million) loan to a Turkish lender…
UAE ministries may be merged, authorities changed: Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Combating coronavirus: All UAE expats exempted from visa fines
A grace period of three months, starting from May 18, has been set for all expats who are staying in…
UAE to review government structure, size in post-coronavirus strategy – statement
The United Arab Emirates will review the structure and size of its government as part of its strategy for dealing…