Mumtalakat secures $500m loan from banks
Bahrain-based sovereign fund Mumtalakat has secured a revolving credit facility of $500m from various banks. Mumtalakat plans to use…
Regulation, Risk & Compliance
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Seeking economic 'blessings'? Jordan to likely to issue Islamic sukuk next month
The Central Bank of Jordan is likely to begin managing the first issue of Islamic sukuk from next month in…
BHB, CBB allow investors to trade in government bonds, primary market sukuk
Bahrain Bourse announced that it has launched, in cooperation and coordination with the Central Bank of Bahrain for the first…
Pakistan high growth to boost UAE business ties
Pakistan's high growth and economic expansion will boost its business relations with the UAE and globally during fiscal-2015. The…
Regulatory framework “easy and transparent”
It is quick to set up a base in Dubai compared to other Gulf countries as the regulations are uncomplicated,…
Expats in trouble for iqama errors
Wrong entries on iqamas, including errors in names etc., landed several expatriates in the soup. Expats complain that their…
Turkey's central bank hikes forex reserve requirements
Turkey's central bank raised foreign exchange reserve requirement ratios on Saturday, citing the need to support financial stability amid volatility…
BB fears rise in inflation due to pay-hike
The central bank has expressed the fear that the proposed pay-hike for public servants might trigger inflationary pressure on the…
Alizz islamic bank opens new branch in Sohar
The 551 square metres property was inaugurated on December 25 at a prominent location at the heart of Sohar, facing…
Kingdom’s female investors warned against swindlers
A number of Saudi working women are falling prey to scammers in an attempt to hide their savings and properties…
National Bonds Corporation Signs Strategic Agreement with Aafaq Islamic Finance
National Bonds Corporation PJSC ( National Bonds ), the leading sharia-compliant savings and investments company in the UAE, has signed…