Uncategorized

Mergers & Acquisitions

Bank Audi sal and FAB sign definitive agreement for the sale and purchase of 100% of Bank Audi sae (Egypt)’s share capital

January 21, 2021

Transaction expected to be completed within the next few months, subject to regulatory approvals FAB’s first international acquisition in line…

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Comment & Analysis

Most Gulf markets end higher with Dubai leading gains

January 21, 2021

Most stock markets in the Gulf ended higher on Wednesday, with Dubai leading gains boosted by its top lender Emirates…

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Hedge Funds & Alternative Investments

Saudi Arabia closes January domestic sukuk issuance worth $790m

January 21, 2021

The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry…

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Comment & Analysis

Riyad Bank plans to launch up to $2.67bn sukuk progam

January 21, 2021

Riyad Bank plans to establish a domestic SAR-denominated sukuk issuance program of up to SR10 billion ($2.67 billion), the bank…

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Regulation, Risk & Compliance

Crédit Agricole Egypt signs a cooperation protocol with Dsquares to launch the first loyalty program availing online redemption

January 21, 2021

Crédit Agricole Egypt signed a cooperation protocol with Dsquares to redesign and upgrade the technological solutions for its new loyalty…

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Comment & Analysis

Mansour bin Zayed chairs UAE Central Bank board meetingMeeting agenda included suggestions for banking supervision

January 21, 2021

The Board of Directors of the Central Bank of the UAE has held its regular meeting at Qasr Al Watan,…

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Hedge Funds & Alternative Investments

CBO bond issue gets overwhelming response

January 21, 2021

The Central Bank of Oman said on Wednesday that it has received an overwhelming response from investors for its 66th…

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Financial Results

Qatar posts robust 5.6% real growth in Q3 of 2020: PSA

January 21, 2021

A strong rebound in wholesale and retail trade, hospitality, utilities, information and communication, and manufacturing sectors helped Qatar post a…

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Financial Results

Egypt expected to restore pre-pandemic real GDP growth at 5.5% during FY2020/21

January 21, 2021

Egypt is expected to be the only country in the Middle East to restore pre-COVID-19 real GDP growth rates in…

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Hedge Funds & Alternative Investments

Even 12-month rent-frees are on offer for office rentals in Dubai

January 21, 2021

This could be the best time for businesses in Dubai to look at rental options – more landlords are willing…

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Comment & Analysis

Central Bank of Turkey to release interest rate decision

January 21, 2021

The Central Bank of Turkey will today announce today the routine interest rate decision for January.   The official statement…

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FinTech

Dubai regulator to develop cryptocurrency framework

January 21, 2021

Dubai Financial Services Authority (DFSA) has announced plans to draw up a regulatory framework for the UAE's nascent cryptocurrency sector.…

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