Saudi to let foreign institutions buy shares in IPOs
Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help…
Regulation, Risk & Compliance
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Israel’s FIBI Bank Tightens Terms for Diamond Trade
The Israel Diamond Exchange pledged to contest a decision by First International Bank of Israel to tighten its lending standards…
Turkey Detains 29 Banking Inspectors as Purge Continues
Turkish authorities detained 29 inspectors on Friday from the BDDK banking watchdog for "irregular inspections," broadcaster NTV and other media…
Iran’s finance ministry, Exim Bank of China sign MOU
The Iranian finance ministry and the Export-Import Bank of China inked a memorandum of understanding on financing economic and infrastructure…
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…
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…