Islamic finance sector needs to unlock its long-term potential
The Covid-19 pandemic has caused significant disruption to the global economy and financial markets, including the global Islamic finance industry.…
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Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai
Dubai Islamic Bank, the largest Islamic bank in the UAE, listed a $300m sukuk on the Nasdaq Dubai exchange on…
Lebanon’s real estate sector booming despite financial crisis
Like most Lebanese expatriates who keep their life savings in their home country, Elias, a sales manager in Dubai, panicked…
QIIB launches salary cards to pay workers’ salaries
Within the framework of its integrated corporate solutions, QIIB announced the launch of its latest corporate solution- the salary card…
Gulf economies to shrink by 7.6% this year, says IMF
Gulf Cooperation Council (GCC) countries will see their economies shrink by 7.6 percent this year, an International Monetary Fund (IMF)…
Dentons advises syndicate of banks on US$166 million lease financing of six vessels for Tristar
Dentons Abu Dhabi and Dentons London have advised a syndicate of banks (comprised of Senior Facility Agent & Security Trustee…
TheCase: Calculating the new VAT in Saudi Arabia
Activation of the new VAT — with value-added tax on goods and services to increase from 5 percent to 15…
Arab Monetary Fund prepares launch of international immediate payment service
The Arab Monetary Fund (AMF) is preparing to launch an international immediate payment service, as part of its cooperation with…
Egypt's Mansour Group tops list of Arab family businesses. Which are the rest?
Forbes Middle East has posted its ranked list of the most powerful Arab family businesses in 2020. The list…
Lebanese banks raise USD withdrawal rate to 3,850 pounds/dollar
Lebanese banks raised the exchange rate to 3,850 pounds per dollar for withdrawals from U.S. dollar accounts, bankers said on…
Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai
Saudi Arabia’s Islamic Development Bank has listed a $1.5bn sukuk on Nasdaq Dubai and will use the capital raised to…
Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG
The financial year 2019-2020 has been a “challenging” one for banks operating in Qatar, KPMG said and noted the “overall…