World Bank: Geopolitical Tensions Affect Growth in MENA in 2019
Middle East is expected to drop to 0.6 pc in 2019 against a 1.2 pc growth posted last year, says…
Regulation, Risk & Compliance
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Guidance on economic substance released
The United Arab Emirates issued guidance (Ministerial Decision No. 215/2019) on the scope and application of the economic substance regulations…
Have a loan in UAE? Central Bank announces new rule
Decision has been made after taking feedback from the public. The UAE Central Bank has removed the 70-year age…
Crowdfunding receives boost in Middle East
Recent steps taken by Middle East regulators to provide a regulatory environment that allows crowdfunding platforms to innovate while delivering…
Ithmaar Bank continues support for Bahrain FinTech Bay
A senior Bahrain banker said that the Kingdom continues to lead the charge in financial innovation, with both local authorities…
Saudi Arabia's Bonyan Reit raises 1.2bn riyals through Sharia-compliant loans
Bonyan Reit, a real estate investment trust managed by Riyadh-based Saudi Fransi Capital, raised 1.2 billion Saudi riyals (Dh1.18bn) as…
Central Bank announces new rules for loan
The UAE financial organization has removed the 70-year regulation for the last mortgage compensation so as to ease loan needs…
Saudi banks told to hire nationals in executive roles, regulator says
Financial institutions in Saudi Arabia should hire Saudi nationals for leading positions and, if they hire foreigners, they will have…
Dubai Chamber and Emirates NBD sign MoU on Digital Silk Road initiative
Dubai Chamber of Commerce and Industry has announced that it has signed a memorandum of understanding (MoU) with Emirates NBD,…
Edamah Signs a BD 4.5 Million Financing Agreement With KHCB for Salmaniya Carpark Development
Bahrain Real Estate Investment Company (Edamah), the real-estate arm of the sovereign wealth fund of the Kingdom of Bahrain, has…
BIAC signs 4 agreements to support entrepreneurship and innovation programs
Business Incubators and Accelerators Company owned by the Public Investment Fund has strengthened its strategic partnerships by signing four agreements…
Jassim Alseddiqi named CEO of Shuaa Capital following ADFG merger
Jassim Alseddiqi has been appointed CEO of UAE-based Shuaa Capital, according to a statement on the Dubai Financial Market. …