03/26/2019
Bahrain tries to limit expat contracts as Dubai keeps doors open
The committee is now due to meet with the Civil Service Bureau next month for final discussions before tabling the amendments to parliament for a vote.
Legal, Tax, Regulation & Compliance
03/25/2019
GBM and Banfico partner to support Bahrain's efforts for a more digitalized financial sector
The two leading companies can now support banks required to comply with Open Banking standards set by the Central Bank of Bahrain
03/25/2019
Central Bank of Kuwait issues circular to all local banks asking for data on SMEs
The database provided will include the total facilities, including activity and loan distribution.
03/25/2019
Lawyer ordered to pay fine
The court ordered the defendant to pay the woman BD346 and interest at a rate of 6 per cent per annum, as well as late payments for 6 months.
03/25/2019
First time buyers in Dubai attracted by prices and new visa regulations: Bayut.com
Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market.
03/25/2019
DFSA and Standard Chartered Bank focus on curbing illicit wildlife trade
The engagement highlights how financial institutions and regulators can contribute to the well-being of humanity and the natural
03/25/2019
Challenges ahead for Turkey as economy slides into recession
Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead.
03/25/2019
Middle East bank chief calls for more regtech spending
However, without greater investment in regtech applications, firms would be more exposed to cyber security risks and financial crime.
03/25/2019
Turkish watchdogs to probe JP Morgan after lira plunge
The Capital Markets Board of Turkey (SPK) also said it had launched a probe after receiving complaints that a JP Morgan report was "misleading" and caused speculation on the Istanbul bourse.
03/22/2019
Ride-hailing company ‘received preliminary approval’ for licensing process before being told to shutter operations
In its statement, the company said international investors have invested more than JD2 million through Jenny into the Jordanian market, creating thousands of jobs and supporting the development of the transportation sector in Jordan.
03/22/2019
ADCB and UNB shareholders greenlight mega-merger
The new entity will also include Al Hilal Bank and have a net profit of Dh6.1b
03/22/2019
EBRD weighs up Africa development push
Its success in the MENA region could help convince sceptical shareholders to go ahead.
03/22/2019
QCB governor attends GCC meeting in Oman
It also discussed the dialogue between monetary institutions and central banks in the GCC countries and some groups and economic blocs as well as other related topics.
03/21/2019
UAE banks suspend credit, debit cards as customers don't update Emirates ID
Customers are urged to immediately update their details with the banks.
03/21/2019
Bahrain central bank cuts one-month deposit rate -statement
Bahrain’s key policy interest rate is the one-week deposit facility, which remained unchanged at 2.75 percent.
03/21/2019
Mauritius leader hails global role of Saudi crown prince
The crown prince has a strong voice in the region and the world at large; he is sagacious and has foresight.
03/21/2019
CBD partners with Takaful Emarat
Our aim is to increase our clients' efficiency by optimizing and streamlining their banking experience, helping them to save time, effort and money.
03/21/2019
Some UAE residents' credit, debit cards suspended for failing to update Emirates ID details, banks confirm
If you haven't been able to use your card at the cashier or ATM, here's why
03/20/2019
Gulf Bank partners with Dell to drive regional innovations
This collaboration was announced at the Dell Technologies Forum held at Jumeirah Messilah’ Beach Hotel in Kuwait.
03/20/2019
Bahrain invites Indian fintech firms to set up base
Bahrain Economic Development Board senior manager Dalal Buhejji said: "Central Bank of Bahrain has put in the right ecosystem to support growth and innovation.