The SPAC Framework, which became effective on 4 January 2022, allows for the formation and listing of SPACs in the UAE for the first time.
Special purpose acquisition companies (SPACs) have emerged as an important means...more
Understanding bankruptcy laws in the UAE and DIFC in the context of COVID-19-related financial pressures.
COVID-19 has already caused wide-scale disruption to numerous industries both locally and globally. Whilst efforts...more
Legislation seeks to balance debtor and creditor needs and help businesses and investors operate with confidence in the Middle East.
On 11 June 2019, the Dubai International Financial Centre (DIFC) introduced a new...more
The development of modern Shari’ah compliant financial products is relatively new, dating back to the early 1970s and the emergence of the first Islamic banks. In recent years, Shari’ah scholars and market participants have...more
Saudi Arabia is developing into a sophisticated financial center in the Middle East. As companies are increasingly active in the Kingdom and demand for Sharia’h-compliant financial instruments increases, the Kingdom can...more
Corporate, sovereign and government-related entities issued sukuk worth US$116.4 billion in 2014, according to Standard and Poor’s. As more financial institutions around the world engage in the management, arrangement or...more
In this Issue:
- The History and Development Of Sukuk
- Summary Of Sukuk Structures
- Sukuk Al-Ijara
- Case Study: Government Of Dubai US$5 Billion Trust Certificate Issuance Programme
-...more
Following last month’s announcement by the Saudi Arabian Capital Market Authority (the CMA) of its proposal to permit participation by qualified financial institutions directly on the Kingdom’s stock exchange (the Tadawul),...more
Proposal brings the Kingdom’s robust stock exchange closer to major international financial institutions.
Following on from last month’s announcement by the Saudi Arabian Capital Market Authority (the CMA) that it...more
Whilst project bonds have for some time been a popular source of financing for projects in the US, they have historically been slow to gain momentum in other parts of the world, including the Middle East....more