Bank Alfalah, Careem sign agreement
Bank Alfalah and premier chauffeur-driven car hailing platform, Careem have signed an agreement to provide a hefty 25 percent discount…
Regulation, Risk & Compliance
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Ahli United Bank Kuwait plans sukuk issue of up to $200 mln
Ahli United Bank Kuwait has obtained approval from Kuwait's central bank to issue capital-boosting sukuk worth up to $200 million,…
Qatar auctions $825M in first domestic government bond this year
Qatar's central bank has hailed the auction three billion riyal in government bonds as a success, Reuters reports. "It…
Some International Companies Cautiously Return to Iraq
For years, Iraq has careened from crisis to crisis. Now, some foreign companies see opportunity as the turmoil appears to…
Remittances Continue Slow Growth in June
Money sent home by overseas Filipinos continue to grow in June, but at a much slower pace than last year.…
Business in Turkey, now faster and more reliable
Recent development In an effort to make doing business in Turkey easier and boost both domestic and cross-border private…
Qatar central bank offers bonds in first riyal sale this year
Qatar’s central bank is offering QAR3bn of government bonds in its first domestic bond sale this year, suggesting liquidity conditions…
CMA amends Rules for QFFII in Listed Securities
The Saudi Capital Market Authority (CMA) Board approved the final draft of the amended Rules for Qualified Foreign Financial Institutions…
Egypt needs $5-6 bln in bilateral financing to seal IMF deal: mission chief
Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the…
Show me the money: Lebanon addresses bank transfer delay problems
A vice governor of Lebanon’s Central Bank acknowledged Tuesday that some Lebanese expats are complaining about delays in transferring funds…
DAFZA and Spanish Business Council delegation review investment cooperation
The Dubai Airport Freezone Authority discussed ways to develop mutual economic cooperation with the Spanish Business Council in order to…
New Tax Law to improve Turkey's investment climate enters into force
Recent Development The "Law Amending Certain Laws to Improve the Investment Climate," ("Law") which introduces new amendments on the…