The Saudi Central Bank (SAMA) has recently issued a new set of rules for Buy Now Pay Later (BNPL) services in the Kingdom. These rules aim to regulate the BNPL market and protect the interests of both consumers and service providers. Key Provisions According to the new rules, BNPL service providers must: These rules aim […]
Banking & Finance
United Arab Emirates
UAE’s Enhanced AML/CFT Framework: A Deep Dive into Cabinet Decision
Taking Measures to Combat Money Laundering and Terrorism Financing Crimes Cabinet Decision No. 109/2023 marks a significant step in the UAE’s fight against financial crime, introducing a robust and forward-thinking approach to anti-money laundering (AML)
Matouk Bassiouny & Hennawy (MBH) advises EBank on their EGP 2 billion medium-term facility agreement with Abd El Salam El Feky & Partners Matouk Bassiouny & Hennawy (MBH) provided legal counsel to the Export Development Bank
Banking & Finance
Capital Markets
Egypt
Dreny & Partners Successfully Closes EGP 984.5 Million Securitization Transaction
Dreny & Partners proudly concludes B.TECH for Trade & Distribution’s second securitization endeavor, totaling EGP 984.5 million. This transaction forms part of a comprehensive 2-year, EGP 5 billion multi-issuance program. CIB Egypt assumed the pivotal
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) played a key role in guiding Invest Bank through its groundbreaking capital restructuring plan. This involved a landmark move where the Government of Sharjah provided a guarantee for
Global law firm Dentons has provided legal counsel to Immensa, a prominent additive manufacturing and digital inventory platform operating in the MENA region. Immensa successfully secured a substantial investment of US$20 million in its latest
Banking & Finance
Opinions
United Arab Emirates
COP 28 Insight: Money Laundering in Environmental Offenses
With Suzan Taha On the concluding day of COP 28, LegalcommunityMENA’s COP 28 Insight series continues, with a focus on the intersection of law, climate action, and financial integrity with Tarek Saad and Haytham Alieh, esteemed
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
White & Case on SRC’s SAR 3.5 bil dual-tranche guaranteed
Global law firm White & Case has advised Saudi Real Estate Refinance Company (SRC) on the issuance of SAR 3.5 billion dual-tranche sukuk guaranteed by the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk
Banking & Finance
Opinions
Other
TMT
COP 28 Insight: Maya Chebeane on Tunisia’s Climate Adaptation Vision
With Suzan Taha Embarking on the intersection of law and climate action, LegalcommunityMENA engages in a thought-provoking interview with Maya Boureghda Chebeane (pictured), a distinguished lawyer at Jurismed and co-founder of Juridoc.tn. In
Global law firm White & Case played a pivotal role in advising the Liquidity and Sustainability Facility (LSF) on a significant repurchase agreement (repo) transaction. This innovative collaboration involves the LSF, Abu Dhabi Investment Authority (
