Press Dossier   By Date  15/03/2021
Dubai tribunal for real estate cheque disputes dissolved
Dubai's Special Tribunal for the Settlement of Cheque Disputes Relating to Real Estate Transactions has been dissolved.
GCC banks brace for new wave of mergers after ‘triple shock’ to profitability
The GCC banking sector is bracing for a second wave of mergers and acquisitions (M&A) after suffering a triple shock to profitability in 2020 from lower lending growth, lower-for-longer interest rates, and higher cost of risk, industry analysts said.
Dubai, Abu Dhabi are among the top 5 most preferred cities to work globally
The UAE’s attractiveness as a preferred place to work among foreign professionals continues to improve, thanks to its strong response to contain the Covid-19 outbreak, which strengthened the nation’s image and ranking worldwide, says a new global study released on Sunday.
Oman to levy 5% VAT from next month
Oman will start implementing five per cent value-added tax (VAT) from April 16, Oman News Agency reported on Sunday.
Court revokes membership of Dahoum, ignites political crisis
Kuwait’s constitutional court yesterday revoked the parliamentary membership of leading opposition MP Bader Al-Dahoum for being convicted of insulting HH the Amir seven years ago, in a surprising ruling that is certain to ignite a political crisis that has engulfed the country for months.
OAPEC, KNPC ink cooperation deal
The Organization of Arab Petroleum Exporting Countries (OAPEC) and Kuwait National Petroleum Company (KNPC) signed yesterday a memorandum of understanding (MoU) for cooperation in research and overhauling the oil sector and digital services.
Saudi Real Estate Refinance assets may double as mortgage sector booms
Saudi Real Estate Refinance assets are expected to double this year amid a mortgage boom in the Kingdom, Argaam reported. The finance company held SR7 billion ($1.86 billion) in assets by the end of 2020, the financial news site said, citing Majeed Abduljabbar, global head of treasury and capital markets at SRC.
Shuaa leads $50m finance deal for Pure Harvest Smart Farms as it targets Saudi Arabia
Shuaa Capital has led a $50 million structured sukuk for Pure Harvest Smart Farms, the UAE-based agribusiness.
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