Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

ADIB provides AED 320 million financing for healthcare facility in London and Edinburgh

January 30, 2020

Abu Dhabi Islamic Bank, ADIB, has provided through ADIB UK a combined AED 320 million (₤66.6 million) Sharia-compliant structured financing…

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Regulation, Risk & Compliance

Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs

January 30, 2020

The Board of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing…

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Mergers & Acquisitions

Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad

January 30, 2020

Bahrain’s United Gulf Holding has secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad.  …

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Legal

DIFC firms urged to sign up for new law replacing end of service gratuity or risk hefty fines

January 30, 2020

Leading legal outfit DWF has warned business owners in Dubai International Financial Centre to get on board with the new…

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Mergers & Acquisitions

Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad

January 30, 2020

Bahrain’s United Gulf Holding as secured Central Bank of Iraq’s approval to acquire a stake in Bank of Baghdad.  …

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Investment Banking

Banker knew Barclays ‘lied’ over Qatar fundraising

January 30, 2020

A senior banker believed that Barclays documents lied about sums it was paying to Qatar to secure billions in investment…

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Comment & Analysis

Banque de Caire IPO, United Bank to help Egyptian bank re-rating

January 29, 2020

Egyptian banks look set to rebound from their low valuations in 2020, with interest rates and corporate actions likely to…

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FinTech

AFS named official POS acquirer for The Bahrain International Circuit

January 29, 2020

Arab Financial Services had signed an agreement with Bahrain International Circuit to become an official POS (point-of-sale) acquirer in advance…

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Regulation, Risk & Compliance

Kuwait’s central bank should relax rate caps – IMF

January 29, 2020

The International Monetary Fund says the Central Bank of Kuwait should relax lending rate gaps once new credit laws have…

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Regulation, Risk & Compliance

CBK, ABK and KfW IPEX-Bank lead arrange $650m project finance

January 29, 2020

A consortium of six banks led by Commercial Bank of Kuwait, Al-Ahli Bank of Kuwait, and KfW IPEX-Bank as Initial…

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Hedge Funds & Alternative Investments

Capital, Technical Restrictions on Money Exchange Offices in Saudi Arabia

January 29, 2020

The Saudi Arabian Monetary Authority- the Central Bank of Saudi Arabia – has imposed capital and technical restrictions on money…

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Regulation, Risk & Compliance

Buna Payment Platform To Include Saudi Riyal

January 28, 2020

The Arab Monetary Fund had announced the inclusion of the Saudi Riyal along with the US Dollar and Euro among…

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