Saudi Arabia's SEC to close USD2b credit facilities pact

In a statement Tadawul carried, SEC conrmed that a funding of USD1.5 billion is to be directed towards an initial tranche for three years, with a USD572.5 million to be financing the second tranche for a period of five years.


UAE reaches agreement for facilitating domestic funds licensing

His Excellency added that the agreement implements passporting mutual recognition as a regulatory mechanism for the promotion and supervision of investment funds, and encourages foreign licensed firms in financial free zones based in other countries to mo


Ex-Falcon Board Members Charged

The two are being investigated by Swiss prosecutors and the banking regulator, which allege they used their position on Falcon's board to enable 1MDB to conduct unlawful business.