Dubai Islamic Bank successfully closes AT1 Perpetual Sukuk
Dubai Islamic Bank, rated A3 by Moody's (stable) and A by Fitch (stable), successfully closed a USD 750 million Additional…
Regulation, Risk & Compliance
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Egypt postpones $6.6bn repayment to Saudi Arabia
The Central Bank of Egypt yesterday announced the postponement of the repayment of three Saudi deposits worth $6.6 billion for…
Bahrain got first funds from Gulf aid last year – c. bank governor
Bahrain has received the first instalment of a $10 billion aid package pledged by its Gulf allies last year, its…
Qatari businessmen keen to invest in Pakistan in diverse areas
Qatari businessmen and investors on Tuesday expressed interest to invest in Pakistan in diverse areas, including hospitality, large-scale manufacturing, transportation…
World Bank affirms confidence in ‘Egypt’s economic reform measures’
The World Bank is “confident” in Egypt’s economic reform measures, the bank’s CEO Kristalina Georgieva, announced yesterday, Reuters reports. …
DIB’s Mudarbak Sukuk Certificates oversubscribed
Dubai Islamic Bank Pakistan Limited announced the issuance of fully paid up, rated, perpetual, unsecured, subordinated, non-cumulative and contingent convertible…
UAE Banks Federation outlines plans to combat cheque fraud
UAE Banks Federation (UBF) in coordination with UBF IT Committee, hosted today (January 22, 2019) a workshop dedicated to UBF…
SAMA receives requests to open digital, traditional banks
The Saudi Arabian Monetary Authority (SAMA) has received requests to open digital and traditional banks, Saudi Press Agency (SPA) reported,…
DLD signs strategic MoU with UAEIIC
Dubai Land Department signed a memorandum of understanding (MoU) for strategic cooperation with the UAE International Investors Council. The…
Dubai to simplify payments for tourism services
Dubai’s Department of Tourism and Commerce Marketing and Al Ansari Exchange, a leading UAE-based foreign exchange and worldwide money transfer…
UAE on track to become the Monaco of the Middle East
As the UAE starts its Year of Tolerance, there is a renewed drive to attract individual high net worth investors…
Abu Dhabi regulatory authority to introduce ESG financial disclosure standards: CEO
Abu Dhabi Financial Services Regulatory Authority plans to introduce standards of financial disclosures for Environmental, Social and Governance criteria for…