11/25/2020
Saudi King approves renaming Saudi Arabian Monetary Authority to Saudi Central Bank
Saudi Arabia, the world’s biggest oil exporter, pegs its riyal currency to the dollar at 3.75 per one U.S dollar, a rate unchanged since 1986.
11/25/2020
UAE- Register hawala business by Dec 2 or face the law
Hawala, also known as hundi, is a process whereby money value is transferred to individuals in other countries, and is usually used in the remote places of those countries, which do not have access to banking services.
11/24/2020
The timing of the Saudi Arabia G20 2020 Presidency offers a unique moment for the world and the Kingdom.
11/24/2020
Increased regulation which disincentivises selling may leave clients without products
11/24/2020
The government of the United Arab Emirates announced by decree today that foreign investors can fully own local companies without the need for an Emirati sponsor.
11/24/2020
ACC finds 25 people involved
11/24/2020
Qatar in 2018 alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017.
11/23/2020
The VAT hike to 15 per cent, was implemented in July this year
11/23/2020
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
11/23/2020
In a low oil price environment, however, this means that fiscal policy will have to tighten, keeping the budget deficit in check in order to ensure that external balances remain consistent with peg stability.
11/20/2020
At the end of the third quarter of 2020, total deposits of resident and non-resident customers with banks operating in the UAE rose by 2.2 pct (q-o-q), reaching AED1,907.2 billion.
11/20/2020
The Turkish lira rose 2% in value against the dollar moments after the announcement before paring back some of its gains.
11/20/2020
The US$ 8.6 billion approved/committed by the ACG represents 86% of the US$ 10 billion pledged by the ACG institutions.
11/20/2020
It is noteworthy that the ministry has raised the upper property value limit for e-conveyance to SAR 3 million, in order to streamline transactions and save clients time and effort.
11/20/2020
The MOF said licensees that had already submitted notifications will now need to re-submit the notification via the portal.
11/20/2020
Debt exemption initiative includes a wide range of stringent criteria to ensure that it benefits and supports those most in need
11/20/2020
Turkey had long resisted investor calls to raise interest rates to support the tumbling lira.
11/20/2020
The teams at Etihad Guest and El Al Matmid loyalty programmes will explore reciprocal “earn and burn” opportunities for its members
11/19/2020
BCG discusses how to lead in the new reality during the middle east CEO & leaders forum
The Invitation-Only Events Brought Together Middle Eastern Senior Leaders To Discuss Pressing Topics Across Sectors
11/19/2020
Egypt- ABE signs agreement to finance 1.5 million-feddan reclamation project
According to the protocol, the ABE will finance small and medium enterprises