10/14/2019
Dubai Chamber and Emirates NBD sign MoU on Digital Silk Road initiative
The smart platform aims to improve the transparency and efficiency of supply chains through a comprehensive automation process.
Legal, Tax, Regulation & Compliance
10/11/2019
BIAC signs 4 agreements to support entrepreneurship and innovation programs
The agreement signed between BIAC and SDB aims to provide the necessary funding, through SDB products, for startups enrolled in incubators and accelerators managed and operated by BIAC in Saudi Arabia
10/11/2019
Singapore's Temasek rules out investment in Saudi Aramco IPO
But Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support Aramco's share sale, the people said, asking not to be identified because the discussions are private.
10/11/2019
Kuwait’s economic steps in right direction: World Bank
MENA economic outlook subject to substantial downside risks
10/11/2019
Regulators Reject Qatar-Backed Deutsche Bank Board Member
Deutsche’s regulators - the European Central Bank and financial markets watchdog BaFin - have now determined that Zeltner’s position on Deutsche’s board would be a conflict of interest because he is also the chief executive officer of KB
10/10/2019
Bankers ‘hid’ secret Qatar payments from other investors
The prosecution claims that the payments were made to ensure that Qatar’s sovereign wealth fund handed over about £4 billion that would ensure the future of the bank and their own high-profile jobs.
10/10/2019
UAE central bank sets early exit fee limit for mortgages
The apex bank said in a circular that borrowers who had already paid 3 per cent settlement fee can get the refund from their banks within 30 days
10/09/2019
China Could Be the Big Winner of Saudi Arabia’s Race to Become a Tech Hub
Beijing is a natural partner to fast and cheap development, but Riyadh should be wary of alienating its allies.
10/09/2019
Al Rayan Bank’s ex-CEO takes legal action to clear his name and reputation
Although the article does indeed confirm that Mr Choudhury was not the one who supposedly comments on “female genital mutation”, the placement of his picture, as viewed by those without a subscription, strongly implied otherwise.
10/09/2019
CBK’s conditional approval for KFH acquisition of AUB
The agreement comes with a number of technical and legal provisos to ensure that the procedure is transparent and adheres to Islamic principles, Dr Mohammad Al-Hashel said in a statement.
10/09/2019
Dubai Silicon Oasis signs MoU with Mashreq Bank on the sidelines of GITEX
Dubai Silicon Oasis Authority Announces Collaboration with Mashreq Bank as a Strategic Partner for Dubai Technology Entrepreneur Campus
10/09/2019
Saudi central bank vets local lenders ahead of Aramco IPO: sources
The Saudi Arabian Monetary Authority, or SAMA, contacted Saudi banks last week, asking them a series of questions about their lending exposure to Aramco, two of the sources said.
10/09/2019
Bank Nizwa CEO: Compliance with Sharia is key to make Islamic Finance mainstream in Oman
Speaking at the Shura 8th Sharia Audit Conference
10/09/2019
Saudi Amends Requirements to Open Bank Accounts for Foreign Companies
These amendments come in line with SAMA’s supervisory role in overseeing banks operating in the Kingdom.
10/09/2019
UAE lifts Lebanon travel ban: Beirut seeks support for ailing economy
Hariri hoping for cash injection for central bank
10/09/2019
Watch out! That SMS from bank in UAE could be fake
The police have arrested some of the members behind these organised gangs.
10/08/2019
Sohar International and EFG International ink pact
EFG International operates in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas and the Middle East.
10/08/2019
Top Barclays bankers set for trial over Qatar payments
John Varley, the former chief executive of Barclays bank, was initially named in the investigation, but was later acquitted.
10/08/2019
Public warned against fraudulent bank messages
Alert comes in the wake of several complaints
10/08/2019
WIBC announces landmark 26th edition in strategic partnership with the Central Bank of Bahrain
Over 1000 global industry powerhouses, policy makers, innovators and key stakeholders will converge for the three-day long forum