11/06/2020
The surprising releases of information from Suspicious Activity Reports (SARs) that were filed with the Financial Crimes Enforcement Network have sent shockwaves through the financial industry
11/06/2020
To date, the court has imposed a total of BD 330 million in fines against those found guilty in cases related to the Future Bank, confiscated financial transfer amounts worth $323 million, and issued custodial penalties against them.
11/06/2020
CBUAE stated that His Highness’ directives to support the UAE’s national economy and financial system during the COVID-19 crisis had an incredible impact on the country’s current economic recovery.
11/05/2020
Ahead of the G20 Riyadh summit, the UK envoy hails what he describes as a ‘modern partnership’
11/05/2020
Solutions to be showcased during the FinTech Abu Dhabi Innovation Challenge Demo Day on 25 November 2020
11/05/2020
Authority will begin receiving applications for the issuance of Tax Residency and Commercial Activities Certificates via its e-services portal as of November 14
11/05/2020
The central bank said in a statement that Banque du Liban could not submit such information as it would then be in violation of the country's bank secrecy laws
11/05/2020
The conduct of money transfer business by non-licensed entities/individuals is illegal and incriminated pursuant to Oman laws, and customers depending on such illegal channels are vulnerable to the fraud risk and they may lose their hard-earned money.
11/05/2020
The meeting discussed topics related to enhancing co-operation in the industrial and commercial sectors between member countries.
11/05/2020
This will be quite visible in how the Arabtec liquidation is played out
11/04/2020
86.6% Government debt in Egypt is running at 86.6 percent of GDP, according to the IMF
11/04/2020
With the new regulation, CBUAE aims to facilitate for fintech firms and other non-bank payment service providers easier access to the UAE market
11/04/2020
The Minister also discussed mechanisms to bolster bilateral trade and enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.
11/04/2020
The average accepted price reached 99.950 for every OMR100, and the minimum accepted price arrived at 99.950 per OMR100.
11/04/2020
DFSA action follows unauthorised financial services and making misleading statements
11/04/2020
CBUAE Governor Abdulhamid M. Saeed Alahmadi said: "We are confident that the new SVF regulation will strengthen the public's confidence in the use of digital products and services and foster further development and innovation across the payments
11/03/2020
Oman to introduce income-tax on wealthy individuals
Oman expects to introduce an income tax on high earners in 2022, the finance ministry said in a 2020-2024 economic plan, as the Gulf state seeks to restore finances battered by low oil prices.
11/03/2020
Net foreign assets of Egypt’s banking sector up $3.30bln in September
In a recent report, the CBE stated that the increase in net foreign assets came as a result of the increase in the volume of foreign assets in the banking sector
11/03/2020
QFC announces new regulations for operating rep office in Qatar
More significantly, and given the implications of Covid-19 on the global economy, the new rules provide an ideal opportunity for enterprises to test and assess the growth potential of their businesses in the Qatari market, by establishing a representative
11/03/2020
Gulf state eyes income tax in shock move
It would be the first country in the region to go down this road