Egypt issues its first samurai bonds: Cabinet
Egypt is the first country in the Middle East to issue the samurai bonds, as it attempts to diversify funding…
Regulation, Risk & Compliance
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QIB and QDB sign new “Al Dhameen” program agreement
Qatar Islamic Bank has signed a new Al Dhameen Program Agreement sponsored by Qatar Development Bank. The agreement was signed…
UAE, Qatar, Saudi Arabia rank among top 10 in the Global Passport Index based on investment opportunities
The UAE has ranked fifth globally – and first among Middle East nations – while Qatar and Saudi Arabia have…
Kingdom’s Agricultural Development Fund approves $115m loans
Saudi Arabia’s Agricultural Development Fund has approved a number of loans with an accumulated worth of over SR434 million ($115…
Bank Nizwa signs agreement with Ministry of Labour to support ‘Sahim’ program
Demonstrating cohesion with Ministry of Labour’s ongoing efforts to facilitate job seekers and fresh graduates with temporary work permits under…
DAE Ltd closes US$ 1bln Senior Unsecured Revolving Credit Facility
Dubai Aerospace Enterprise Ltd. (“DAE”) successfully signed a US$ 1,000,000,000 Senior Unsecured Revolving Credit Facility (the “Facility”). Al Ahli Bank…
Green financing could give GCC economies $2tn boost and create one million jobs by 2030
By developing the right structures and mechanisms for green finance, governments in the oil-rich Gulf region can unlock $2 trillion…
Al Rajhi Bank – Jordan signs with ICSFS
Al Rajhi Bank has selected ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS),…
Standard Chartered: UAE requires AED 2.5trln investment to transition to Net-Zero
Standard Chartered announced today the launch of its latest research report titled “Just in Time: Financing a just transition to…
Egypt’s sovereign fund eyes cooperation with PIF
The Sovereign Fund of Egypt seeks to bolster ties with Saudi Arabia’s Public Investment Fund to establish joint entities that…
GTA sets April 30 last date for submitting tax returns
The General Tax Authority has set this April 30 as the last date for submitting the tax return for the…
Dubai Financial Services Authority signs MoU with Central Bank of Mauritius
The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Central Bank of the Republic…