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…
Regulation, Risk & Compliance
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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…
Recovery agents harassing debtors in UAE
Debt-ridden residents in the UAE are increasingly feeling harassed and threatened by collection agents who are out to recover payments…
OMINVEST notes progress on acquisition of OAB's Investment Management Group
Established in April 1998, OAB`s Investment Management Group is licensed by Capital Market Authority and Central Bank of Oman to…
What does the Bank of England base rate cut mean for UAE and GCC expats?
The Bank of England has cut the base rate for the first time in over seven years, reducing it from…
Turkey to Introduce a New Tax Amnesty Law
In an effort to ensure the sustainability of the national economic growth, reduce the burden of public debts incurred by…
Consortium awaits regulatory nod to acquire OAB unit
Oman International Development and Investment Company (Ominvest) on Tuesday said that the company and its strategic partners are in the…
ICBC aims for benchmark dollar bond via Dubai by year-end
Industrial and Commercial Bank of China (ICBC) aims to issue a U.S. dollar-denominated, benchmark-sized bond through its Dubai office before…
Brexit impact minimal on Middle East, law firm says
As many come to terms with the result of the June 23, 2016, British referendum to leave the European Union,…
Standard Chartered to get half a billion in IFC debt
The International Finance Corporation is to open a US$500mn trade finance facility to Standard Chartered to allow it to continue…