Saudi group seeks to stop banks claiming assets after default
Ahmad Hamad Algosaibi & Brothers Co will seek to prevent Arab National Bank and another lender from claiming assets of…
Regulation, Risk & Compliance
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BBK signs financing deal with Eagle Hills
BBK has signed a strategic partnership agreement with Eagle Hills Diyar, under which the bank will provide mortgage financing to…
UK and Israel forge closer links to foster fintech and cyber security innovation
TheCityUK and City TLV of Israel have signed a landmark Memorandum of Understanding to bolster FinTech and cyber security cooperation…
Saudi Wealth Fund to Sign $11 Billion Loan
Saudi Arabia’s sovereign wealth fund will sign an $11 billion loan this week, marking its first-ever borrowing, according to people…
U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies
Earlier this year, the U.A.E.’s market regulator issued a warning to investors about initial coin offerings, or ICOs, a new…
National Bank of Oman hires banks for new dollar bond issue
National Bank of Oman has mandated banks to arrange a series of fixed income investor meetings ahead of a potential…
Saudi IOF signs agreement to develop workforce in finance sector
“The MoU is part of IOF’s mission to develop the financial workforce in Saudi Arabia, meet the training demands of…
New guidelines for economic licenses in Abu Dhabi
The Department of Economic Development, has issued two decisions to facilitate economic activities in Abu Dhabi as part of the…
Abu Dhabi issues new rules to ease business
The Department of Economic Development – Abu Dhabi (DED) issued two decisions aimed at facilitating the conduct of economic activities…
ADGM launches new private financing platform regulatory framework to support start-ups and enterprises
Abu Dhabi Global Market has launched its framework to regulate operators of Private Financing Platforms (PFPs) serving equity investment, debt…
Dubai Papers: French media unveils UAE based International Money Laundering network
The French magazine L’Obs has exposed an international tax evasion and money laundering network, which is based in the United…
GCC distressed debt market needed to clear problem loans, say experts
The development of securitisation laws to allow for banks to package and trade distressed debts is one of a number…