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…
Regulation, Risk & Compliance
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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…
Thomson Reuters Enhances Strategic Partnership with Path Solutions for ONESOURCE Centralized Tax Solution
Thomson Reuters have enhanced their existing partnership to provide the GCC’s financial services sector with an opportunity to introduce automation,…
Coronavirus: UAE Higher Sharia Authority approves COVID-19 parameters
The Higher Sharia Authority for financial and banking activities in the UAE held its second meeting of 2020 on April…
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
Weakening of US dollar could increase demand for gold in other currencies “Against a global backdrop characterised by risk…
IMF chief says had 'productive' call with Lebanon on its recovery plan
The head of the International Monetary Fund said on Monday she had a “productive” discussion with Lebanese Prime Minister Hassan…