09/19/2023
Bahrain Central Bank issues new investment licenses to expand scope for family offices
Central Bank of Bahrain brings in new category for investment firms
Legal, Tax, Regulation & Compliance
09/19/2023
KBBO Group restructuring receives creditor and court approval
Deloitte is acting as trustee of the group and is overseeing the restructuring process.
09/18/2023
Saudi's SAMA licenses two insurance aggregation companies
With Al-Tizam and Altheqa, there will be five authorized insurance aggregation companies operating in Saudi Arabia
09/18/2023
Banks operating in Egypt record EGP 126.9bn of net profits in 1H 2023
The banks operating in the Egyptian market achieved a net profit of approximately EGP 126.910bn by the end of the first half of the current year (1H 2023).
09/15/2023
Alvarez & Marsal joins Middle East's tax advisory landscape
The Middle East’s tax landscape is continuing to evolve at unprecedented pace, with both the reform of existing tax regimes and introduction of new taxes.
09/14/2023
Credit card fraud costs global economy $32bn, says AMF
The increase in losses is forcing banks to leverage cutting-edge technologies to detect and analyse fraudulent transactions
09/12/2023
New Family Business Law - Bolstering Family Businesses in the UAE
The New Family Business Law is in effect now and applies in all Emirates and free zones of the UAE.
09/11/2023
Employers offered alternative end of service benefits scheme in the UAE
Employers can opt to invest and save their employees’ end of service gratuities through these funds on their behalf, according to various investment options.
09/11/2023
Oman Arab Bank and Omran Group announce strategic partnership
For sole financing of Nikki Beach Resort & Spa Muscat
09/11/2023
Qatar and Malaysia forge partnership to strengthen financial markets
The agreement seeks to develop the financial market’s infrastructure, enhance standards in sustainability, and foster best practices in capital markets.
09/07/2023
UAE employers must take proactive approach to ‘Emiratisation’ expansion
By encouraging businesses to hire and train local talent, the UAE aims to reduce reliance on foreign workers and bolster its economic development.
09/06/2023
Bank of Sharjah acts as mandated lead arranger in a $500mln financing for the Govt. of Sharjah
This six-year dual-tranche (conventional & Islamic) facility will be used for general corporate purposes.
09/06/2023
Saudi banks see marginal profitability gains amidst slight decline in net profit: Alvarez & Marsal
Growth in net profit at the top 10 banks slowed to 0.3 percent quarter-on-quarter (QoQ) in Q2’23 despite a significant drop in impairment charges
09/05/2023
Saudi Arabia and Italy to sign 18 cooperation agreements across various sectors
During the speech, Al-Falih invited Italian firms to come and operate in the Kingdom, noting that 150 licensed companies from the European nation are already functioning in Saudi Arabia.
09/04/2023
Top 6 Countries With Zero Sales Tax
A few experts told GOBankingRates their thoughts and opinions on the top six countries with zero sales tax.
09/01/2023
QCB issues treasury bills worth QR4bn
In a post on the X platform, the QCB indicated that the issuance of treasury bills was distributed by QR500m for a week
08/29/2023
Bermuda receives approval for Middle East representation
Minister for Americas and the Caribbean, David Rutley MP, has confirmed that Bermuda’s Middle East adviser is authorised by the UK Government to promote contacts between the Government of Bermuda and regional governments in the Middle East.
08/29/2023
Fourth Securitization Issuance (First Program) Worth EGP 2.54 billion
The bond was fully covered through the subscription of National Bank of Egypt, Commercial international bank, Arab African International Bank, ABC Bank, Al Baraka Bank, SAIB, Ebank & AttijaraWafa Bank of Egypt.
08/28/2023
New EGX chairperson faces unresolved challenges
Market experts expressed their hopes that the new EGX chairperson will complete the files that the previous administration tried to resolve to develop the market.
08/28/2023
Egyptian banking sector is resilient in face of global crises, achieves record results: Government report
The Cabinet’s Media Center report monitored the positive change in the international vision of the Egyptian banking sector.