Mondaq Middle East & Africa: Finance and Banking
Fred-Young & Evans
In order to execute large projects or for businesses to expand, there is usually a need to apply for loan facility from Banks ("the Bank").
S.P.A. Ajibade & Co.
The Nigerian market has witnessed a recent rise in the use of derivatives especially in transactions involving foreign counterparties.
PwC Nigeria
The Central Bank of Nigeria ("CBN") on 17 May, 2017 issued a circular clarifying certain items that are eligible for foreign exchange ("FX") in the Nigerian official foreign exchange market ("FX market").
Deloitte Nigeria
Financial services regulators in Nigeria increasingly see sustainable banking as an avenue to promote the sustainable development of the nation.
K&L Gates
As the crisis between the GCC remains unresolved, the adverse impact of the crisis and the blockade on Qatar cannot be ignored.
K&L Gates
We are currently witnessing the annual Gulf summer slowdown as locals and expats travel during their annual leave.
K&L Gates
The change in the geopolitical situation in the GCC as a result of a number of countries severing all diplomatic ties with Qatar and blocking all borders (air, land and sea) with it has raised some initial concerns...
Clyde & Co
This weekly update from Clyde & Co’s Financial Services Regulatory Team summarises new developments.
Clyde & Co
The development and support of Small and Medium Enterprises ("SME") is necessary to bolster economic diversification in the State of Qatar ("Qatar").
Al Tamimi & Company
This article summarises the current position as regards the promotion of foreign funds into the UAE on a cross-border basis.
King & Spalding LLP
On 21 December 2016, the Capital Market Authority of Saudi Arabia approved the Parallel Market Listing Rules, thereby establishing the Parallel Market, an alternative market to the Main Market of the Saudi Stock Exchange (Tadawul).
Mahayni
Article 4 of the Finance Companies Control Law and Article 4 of its Implementation Regulations prohibit the carrying out of finance activities without a license from SAMA.
Mahayni
SAMA has also requested that it be informed of any instance where a Public Notary refuses to record a mortgage on a real estate.
Dentons
As a result of the crash in oil prices in mid-2014, the Saudi government was forced to cancel projects and delay payments to some of the private sector companies...
Hamdan AlShamsi Lawyers & Legal Consultants
The new Regulations aim to help facilitate the enhanced adoption of secure digital payments throughout the region.
STA Law Firm
In our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna'a, and how ijara and mawsufa fi al dimmah work.
Hassan Elhais
I took out a bank loan and gave them a cheque as a guarantee. Now though, I am not able to pay the loan and the bank is threatening to file a case against me.
Hassan Elhais
I have a mortgage and I've paid a lot of money to the bank I hold the mortgage with.
Kosta Legal
The popularity of bank loans compared with debt securities lies in the underdevelopment of the Uzbek securities market.
Kosta Legal
On September 2, 2017, the President of Uzbekistan adopted a long-awaited decree on liberalization of the forex policy in Uzbekistan, which provides for high-priority measures for...
Dentons
On 2 September 2017 the President of Uzbekistan signed a new Resolution (UP-5177) introducing changes to the foreign exchange regulations in Uzbekistan. Below is the summary of key changes
Kosta Legal
Systematic problems with respect to foreign exchange and repatriation of profits may still be observed in Uzbekistan.
Al Tamimi & Company
As a region, the Middle East witnesses constant development across a spectrum of financial crime issues.
Arnold & Porter Kaye Scholer LLP
The offering represents the first time a sovereign has issued tradeable, registered bonds that are approved for distribution to retail investors in the UK and US.
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Fred-Young & Evans
Nigerian Banks are faced with a myriad of problems which affects its effectiveness and productivity.
Hamdan AlShamsi Lawyers & Legal Consultants
The new Regulations aim to help facilitate the enhanced adoption of secure digital payments throughout the region.
Kosta Legal
The popularity of bank loans compared with debt securities lies in the underdevelopment of the Uzbek securities market.
STA Law Firm
In our previous issue, we discussed the Shariah principles of ijara, simple ijara, ijara wa iqtina, ijara mawsufa fi al dimmah, istisna'a, and how ijara and mawsufa fi al dimmah work.
STA Law Firm
Can an instrument of payment be offered that ensures complete safety? The reality of the latter statement is an unlikely one.
S.P.A. Ajibade & Co.
Adam Smith, had theorized that the concept of absolute advantage comes into play where one country would have complete economic advantage over another if it can produce the same amount...
Shanda Consult Ltd
The Central Bank of Iran published a "service report" which outlined measures undertaken by CBI during the first term of President Hassan Rouhani in office and also after implementation of the JCPOA.
K&L Gates
As the crisis between the GCC remains unresolved, the adverse impact of the crisis and the blockade on Qatar cannot be ignored.
Eptalex SAL
What are the key differences in the legislation in this jurisdiction and other key international jurisdictions?
Mahayni
The Circular reminds financial institutions of the importance of explaining to Customers the nature of Products, their costs, anticipated benefits and risks.
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