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
11/03/2020
The Saudi Geological Survey is one of the largest surveys in the world, with the budget for all its stages amounting to SR2 billion
11/02/2020
EBRD grants Banque du Caire $50m loan to support MSMEs
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.
10/30/2020
The amendments generally take effect as from 21 September 2020.
10/30/2020
The amendments were introduced in response to the government’s efforts to merge the informal economy with the formal system and to improve the administrative practices of the Egyptian Tax Authority (ETA) so it will work more efficiently and the numb
10/30/2020
The police said fraudsters send such messages, usually via SMS or WhatsApp, to dupe bank customers into sharing their personal data.
10/29/2020
The Central Bank has taken a number of initiative in the last few months about money laundering and fighting terror financing.
10/29/2020
The central bank said this month that it had provided "all the documents and information which Lebanese laws allow."
10/29/2020
Dentons also regularly advises CBD on its annual EMTN programme updates and the issuance of notes under the programme
10/29/2020
Kuwait, which pegs the dinar to a basket of currencies dominated by the US dollar, cut to 1.5% and was the only Gulf country that matched the Fed’s unexpected decrease of a full percentage point.
10/28/2020
But the US central bank is an active participant in research - while conducting its own - into the prospect in partnership with other central banks and the Bank for International Settlements (BIS).
10/28/2020
The COVID pandemic has disrupted international financial channels and put pressure on hard currency inflows to Emerging Markets
10/28/2020
The CBUAE took the exchange houses' poor compliance histories into account
10/28/2020
The average accepted price reached 99.723 for every OMR100 while the minimum accepted price arrived at 99.550 per OMR100.
10/28/2020
The CBUAE is also now responsible for protecting the rights of the insured and monitoring the financial solvency of insurance companies.
10/27/2020
The UAE government announced yesterday it has merged the Insurance Authority (IA) with the Gulf state's central bank.