$7bln Saudi bond sale oversubscribed – MoF
Saudi Arabia’s Ministry of Finance announced that the kingdom’s bond sale to raise $7 billion has been heavily oversubscribed. …
Regulation, Risk & Compliance
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Finance minister: Saudi Arabia facing current global crisis from position of strength
Saudi Finance Minister Mohammed Al-Jadaan said the Kingdom was facing the current global crisis from a position of strength, the…
Qatar government debt ‘mitigated’ by ‘credible’ currency peg: Moody’s
Qatar’s high government debt and a relatively high share of foreign-currency debt is “mitigated by a credible” currency peg to…
Abu Dhabi Government ties up with banks to expand SME financing
Abu Dhabi’s department of finance has joined hands with three of the emirate’s top lenders to expand the SME Credit…
UAE banks told not to terminate Emiratis or cut their salaries due to coronavirus
The UAE Central Bank has postponed Emiratisation target in the financial sector for 2020 and also asked banks not to…
A perfect storm for Middle East oil importing countries: IMF
The outbreak of COVID-19 across the region is turning out to be a perfect storm for oil importing countries of…
Insurance brokers in UAE offered capital relief
Mid-size insurance brokers in the UAE have been offered some capital relief after the Insurance Authority amended its rules to…
UAE advisers split on game changing regulation
The UAE financial advice sector is set for its biggest regulatory shake-up but not everyone thinks this will be a…
Arab Africa Trade Bridges Program Outlines Actions to Support Developing Countries Cope with the COVID-19 Crisis
The International Islamic Trade Finance Corporation and its partners have approved an AATB Program Action Plan to support African and…
Turkey’s banking watchdog slashes limits on banks' FX transactions
Turkey’s banking watchdog said Sunday it was slashing the limit for banks’ foreign-exchange swap, forward and option transactions with foreign…
Qatar Airways, Standard Chartered sign $850mn financing deal
Qatar Airways and Standard Chartered have successfully signed a $850mn financing in respect of seven Boeing 787-9 aircraft. This…
SoftBank's troubles deepen with warning of $16.7 billion writedown
SoftBank warned investors on Monday that the value of its technology fund may have dropped by as much as $16.7…