Press Dossier   By Date  10/09/2020
UAE, Pakistan vow to fight financial crime
The UAE and Pakistan have signed an agreement to exchange information on money laundering, terror financing and other financial crimes to promote financial stability in their banking sectors, the Central Bank of the UAE said in a statement on Wednesday.
Adnoc invests $245 million to upgrade main oil lines
Adnoc Onshore, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), has announced the award of two Engineering, Procurement, and Construction (EPC) contracts to upgrade two Main Oil Lines (MOLs) and crude receiving facilities at the Jebel Dhanna Terminal in Abu Dhabi.
Hapoalim expects UAE bank ties to follow accord
Israel’s largest lender, Bank Hapoalim, expects to start working with banks in the UAE once the two Middle East states sign a normalization agreement, its chief executive said.
Oman will tap local and international debt to fill coffers
Oman will tap local and international debt markets to fill state coffers badly hit by low oil prices and the economic downturn caused by the coronavirus crisis, its state news agency said on Wednesday citing the finance ministry.
Bahrain sells $2 billion in sukuk and bonds
Bahrain sold $2 billion in its second bond offering of the year on Wednesday, a dual-tranche issuance comprising seven-year sukuk, or Islamic bonds, and a 12-year conventional tranche.
Saudi finance minister rejects IMF prediction of economic gloom
International Monetary Fund experts are wrong and the Saudi economy will do better this year than the IMF’s pessimistic forecast of a 6.8 per cent contraction, the Kingdom’s Finance Minister Mohammed Al-Jadaan said on Wednesday.
Saudi Electricity mulls green bond sale amid Arab debt push
Saudi Electricity plans to hold investor calls this week ahead of a potential green Islamic bond sale.
Saudi Arabia tops G20 digital competitiveness rankings
Saudi Arabia has been ranked first among 140 nations for its digital competitiveness as it invests heavily in the technology sector.
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