UAE banks bail out 1,700 SMEs and corporations with Dh7 billion in loans restructured
An initiative among local banks to bail out small and medium sized enterprises has helped to restructure some Dh7 billion…
Regulation, Risk & Compliance
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Cabinet praises royal visits, hails Government Forum outcomes
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has lauded His Majesty King Hamad bin Isa Al…
UBF welcomes Bankruptcy Law
The CEO Advisory Council of the UAE Banks Federation UBF, the professional body representing 49 banks in the UAE, on…
Israeli Court Upholds FATCA Law
The Supreme Court of Israel has dismissed calls for a block on the Israeli Government transferring personal financial data to…
Kuwaiti investors pounce on venerable City broker WH Ireland
A Kuwait-based company is poised to pounce on WH Ireland, one of the best-known stockbrokers in the City of London,…
Development Bank to be restructured with $1B capital
Deputy Prime Minister Mehmet Şimşek said the Development Bank of Turkey will be completely restructured so that it can provide…
Qatar central bank offers bonds in second riyal sale in 2016
Qatar's central bank is offering 3 billion riyals, $824 million of government bonds in its second domestic bond sale this…
Egypt needs regulations to become more business-friendly: IFC regional director
In an interview with Daily News Egypt, Mouayed Makhlouf, the International Finance Corporation’s director for the Middle East and North…
ADGM FSRA Issues Scam Alert About Rothschild Gulf Investment
The Financial Services Regulatory Authority of ADGM wishes to alert the financial services community and members of the public on…
STC, Intelsat to Provide Connectivity to Oil & Gas Market in Saudi Arabia
Saudi Telecommunication Company has extended its relationship with Intelsat to support operations for the largest oil and gas producer in…
Update on the New Saudi Arabian Companies Law and SAGIA Announcements
The new Saudi Arabian Companies Law, discussed in our November 2015 Commentary, came into effect on May 2, 2016. …
Guernsey regulator signs MoU with Abu Dhabi counterpart
The Guernsey Financial Services Commission has signed a Memorandum of Understanding with the Financial Services Regulatory Authority of Abu Dhabi…