Economic Substance Regulations
As part of the UAE’s commitment as a member of the OECD Inclusive Framework, and in response to an assessment…
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UAE's Azizi Developments posts record sales in December
Azizi Developments, a leading private developer in the UAE, has announced record sales in December, across a number of its…
Saudi Central Bank issues new rules for debt crowdfunding
The Saudi Central Bank has issued new rules for debt crowdfunding, in a bid to attract new investors and companies.…
M&A deals involving MENA hit $70.3bln – Refinitiv
The value of announced M&A transactions with any MENA involvement reached $70.3 billion during 2020, according to global data provider…
Al Salam bank – Bahrain launches its latest personal and property financing campaign
Al Salam Bank, a pioneering Shari'a-compliant Bank in Bahrain, has announced the launch of its latest personal and property financing…
Takaful Oman to offer OMR25mn perpetual Sukuk issue
The Capital Market Authority has approved the main prospectus of Mudharabah Sukuk of Takaful Oman Insurance for the offer of…
SINNAD partners with Ithmaar Bank in Bahrain for cards processing
Manama-based SINNAD, a card processing service provider in the Middle East and Africa region with advance card payment solutions, signed…
GCC IPO Market Remains Active in 2021 Despite Impact of COVID-19
The initial public offering market remained active in the Gulf Cooperation Council countries in 2020 despite increasing pressure on financial…
Geneva boutique to launch Sharia trade finance fund
Horizon Capital confirmed it will launch the Horizon Capital – Sharia Global Trade Finance fund on 1 February, following research…
Citigroup’s UAE Wealth-Management Unit Plans to Triple Assets
Citigroup Inc.’s wealth-management business in the United Arab Emirates plans to triple assets under management to $15 billion over the…
International Court of Arbitration opens case management office in Abu Dhabi
The International Court of Arbitration of the International Chamber of Commerce (ICC Court) is opening a case management office for…
US imposes $8.6m penalty on French-Arab bank for violating sanctions
The Paris-based Union of Arab and French Banks has agreed to pay an $8.6 million penalty imposed by the US…