QCB launches instructions for financial institutions to address coronavirus risks
The Qatar Central Bank (QCB) has launched a package of instructions for financial institutions operating in the country with a…
Regulation, Risk & Compliance
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Turkey push for cheap credit pays off as banks turn on taps
Turkey’s push for cheap credit to mitigate the fallout from the coronavirus is bearing fruit, as companies and consumers take…
Qatar Wealth Fund seeks $7.6 billion loan backed by stock
Qatar’s sovereign fund is borrowing around 7 billion euros ($7.6 billion) against its stock holdings, as the top liquefied natural…
UAE launches initiative for global legislative framework for Islamic Finance
The UAE on Wednesday launched a new initiative to create a unified global legal and legislative framework for the Islamic…
Lebanese banks draft national rescue plan that keeps some of their capital
Lebanese banks are working on a national financial rescue plan that would preserve some of their capital rather than writing…
Two UAE banks cut credit card limits as COVID-19 crisis deepens
If you activate several new cards, apply for a personal loan or carry a high debt, your limit could be…
UPDATE 2-Junk-rated Bahrain to brave markets with dollar bond issues
Bahrain has hired banks for a potential dual-tranche dollar bond issue, banking sources said, as the junk-rated Gulf oil producer…
EBRD provides US$ 175 million financing package to Turkey’s DenizBank
EBRD US$ 175 million loan helps DenizBank ramp up lending to clients under stress US$ 100 million dedicated to support…
Investcorp forms JV with Tages Group to create investment platform with $6bn in assets
Investcorp, a Bahrain-based investment firm, formed a joint venture with European alternative asset manager, Tages Group, to create a global…
Saudi Arabia announces penalties for those breaching coronavirus measures
People violating measures designed to stop the spread of coronavirus could be sent to jail, Saudi Arabia’s interior ministry said…
UAE banks will be able to 'manage' COVID-19 economic shock – Central Bank
The coronavirus that continues to rage around the world and drags the global economy to a near standstill will test…
QCB to encourage venture capital financing, start-up development: Sheikh Abdull
The Qatar Central Bank’s second strategic plan involves setting up policies that encourage the deepening of venture capital financing and…