Saudi central bank's foreign assets drop $11bn
Net foreign assets at Saudi Arabia's central bank fell by $11 billion from the previous month to $562 billion in…
Regulation, Risk & Compliance
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Companies in UAE delaying pay for 30 days to be referred to court
Companies failing to pay salaries for 30 days will be referred to court, the Ministry of Human Resources and Emiratisation…
Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group
Exential Group, a managed forex fund located in Dubai Media City, was ordered by UAE’s financial regulators to cease operations…
Saudi Group Signs Deal Aiming to End Biggest Mideast Default
Ahmad Hamad Algosaibi & Brothers Co. signed a deal with a majority of its creditor banks to restructure about $6…
Bank Asya’s licenses cancelled
Recent Development On Friday, July 22, 2016, the banking and capital markets authorities of Turkey cancelled the banking…
With freedom no longer the issue, what’s the biggest threat to Sisi?
“Bread, freedom and social justice” were the spontaneous slogans chanted by Egyptians who revolted in Jan. 2011. Five and a…
Northstar Furthers International Expansion With Key Hire and Office Opening in Dubai
Northstar Financial Services Limited is pleased to announce the opening of its Dubai office and the appointment of Sanjeev Chowdhury…
Abu Dhabi Securities Exchange and Abu Dhabi Global Market Sign MOU on Bilateral Cooperation
Abu Dhabi Securities Market and Abu Dhabi Global Market have entered into an agreement to foster bilateral cooperation. The…
Clifford Chance advises on US$100 million National Bank of Oman tap issuance
Clifford Chance's Dubai Office has advised Crédit Agricole Corporate and Investment Bank and National Bank of Abu Dhabi P.J.S.C. as…
Financial regulators shut down currency scheme in Dubai
Financial regulators have shut down a foreign exchange trading scheme in Dubai that promised investors they could more than double…
World economic downturn spares Middle East and North Africa for now
In the International Monetary Fund’s monthly World Economic Outlook, the global growth forecast for 2016 was cut down to 3.1%,…
Qatar has edge in European hotel acquisitions
Qatar’s cash reserves, coupled with its relatively relaxed interpretation of Islamic law, known as Sharia, is combining to make it…