欢迎来到Al Tamimi & Company第三期中文简报——《中东北非商业视界》。

This is a very special edition, because it features artwork created by the talented and inspirational students at Mawaheb Art Studio, a creative space for People of Determination. Collaborating with Mawaheb is a reflection of our commitment to greater community engagement and the artwork is a celebration of the students and the art studio. You can learn more about both in this edition of Law Update.

The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, approved the establishment of a new unified and independent regulator for the insurance sector, the Insurance Authority (IA).

The Deputy Prime Minister and his delegation from the Bahamas are currently in Saudi Arabia with tourism high on their agenda.

In May 2023, EU institutions signed the Carbon Border Adjustment Mechanism(CBAM), which will enter into application in its transitional phase in October 2023.

Saudi Arabia’s Regional Voluntary Carbon Market Company (RVCMC) will facilitate the first-ever Islamic finance transaction with carbon credits as underlying assets this year, according to Riham ElGizy, CEO of the RVCMC. ISFI spoke to the RVCMC CEO to learn about the upcoming deal and the launch of the RVCMC exchange early next year.

The event in the Kingdom of Saudi Arabia on 29th May 2023 will focus on infrastructure and project finance, while the Qatar Dialogues in partnership with Qatar Financial Centre will be held on 31st May 2023 and will focus on diversifying the economy and achieving national objectives through Islamic banking.

Infrastructure development is at the heart of economic growth and nation-building. Unfortunately, there remains a huge funding and investment gap, exacerbated by the limited sources of traditional funding, particularly from the public sector. The World Bank estimates that some US$1.3 trillion is needed every year to meet infrastructure demand in emerging markets alone.

Infrastructure development is at the heart of economic growth and nation-building. Unfortunately, there remains a huge funding and investment gap, exacerbated by the limited sources of traditional funding, particularly from the public sector. The World Bank estimates that some US$1.3 trillion is needed every year to meet infrastructure demand in emerging markets alone.

Dubai’s international Islamic finance leadership and the UAE’s strong ambitions to turn itself into a sustainable finance center make the emirate the ideal location to launch the Islamic Sustainable Finance & Investment Dialogues, which are built upon the success of IFN’s highly acclaimed Dialogues series.