Regulation, Risk & Compliance

Coronavirus

Arab Africa Trade Bridges Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis

April 15, 2020

The International Islamic Trade Finance Corporation and its partners have approved an AATB Program Action Plan to support African and…

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Regulation, Risk & Compliance

Turkey’s banking watchdog slashes limits on banks' FX transactions

April 15, 2020

Turkey’s banking watchdog said Sunday it was slashing the limit for banks’ foreign-exchange swap, forward and option transactions with foreign…

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Regulation, Risk & Compliance

Qatar Airways, Standard Chartered sign $850mn financing deal

April 15, 2020

Qatar Airways and Standard Chartered have successfully signed a $850mn financing in respect of seven Boeing 787-9 aircraft.   This…

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Comment & Analysis

SoftBank's troubles deepen with warning of $16.7 billion writedown

April 15, 2020

SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7…

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Regulation, Risk & Compliance

QFC announces new measures to support its firms

April 15, 2020

The Qatar Financial Centre  has announced new support measures, including the extension of deadline to file tax without incurring any…

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Financial Results

Lebanon Economy to Shrink by Massive 12% This Year

April 15, 2020

The International Monetary Fund projected Tuesday that Lebanon's economy will shrink 12% in 2020 amid the country's worst economic and…

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Coronavirus

COVID-19: Dubai to cut property service charges this year

April 15, 2020

Dubai's property owners can look forward to paying lower service charges this year, as part of wider efforts to lower…

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Coronavirus

Banks can't save Gulf economies

April 15, 2020

As the COVID-19 pandemic's economic damage continues, governments around the world are trying to intervene in the financial sector to…

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FinTech

#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic

April 15, 2020

UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police, and Dubai Police have announced the launch of…

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Coronavirus

IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge

April 15, 2020

The International Monetary Fund forecasts a dramatic contraction for Middle Eastern and North African economies this year, predicting a worse…

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Regulation, Risk & Compliance

UAE central bank urges commercial lenders to use stimulus scheme

April 14, 2020

The United Arab Emirates central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures…

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Hedge Funds & Alternative Investments

Egypt postpones Banque du Caire stake sale due to coronavirus: chairman

April 14, 2020

Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire  in an initial public offering …

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