09/25/2018
IFC signs agreement with Banque Misr to support female entrepreneurs
The statement added that IFC will support the bank in helping informal micro businesses, often owned or led by women, move to the formal sector.
Legal, Tax, Regulation & Compliance
09/25/2018
UAE banks group considers asking for ease in mortgage rules
They added that the CEO Advisory Council, made up of bank chief executives, is considering the proposal and, if approved, will suggest it to the central bank.
09/25/2018
Abu Dhabi global market issues public consult on bank recovery and resolution regime
The introduction of this regime underlines FSRA’s commitment to international standards and best practices
09/25/2018
Turkey reinforces monetary tightening with fiscal caution
However, the government acknowledges inflation will remain well above target over the coming years.
09/24/2018
Dubai Chamber to head working group on SME banking challenges
Establishment of working group was among key recommendations outlined by industry experts
09/24/2018
IFRS 9 adoption seen to strengthen provision coverage at Qatar banks
Under the new IFRS 9 standard, banks and financial entities will be mandated to set aside a certain proportion of profit against losses for unseen reasons.
09/24/2018
Kuwait central bank looks to regulate ‘e-payment’ system
Bid to propel banking sector
09/24/2018
Leaving UAE? Know these rules to avoid legal hassles
Your may liquidate the company and close the bank account and cancel his visa, before travelling to his home country.
09/21/2018
Casa calls on Dubai Bank to release 17 Black information
David Casa called on Noor Bank to publish any identifying information concerning the UBO of 17 Black and the transfers carried out through 17 Black
09/21/2018
Emirates said to seek Etihad takeover to create world’s largest airline
A combination of the airlines would provide further evidence of the sheikdoms consolidating businesses to boost competitiveness.
09/20/2018
Turkey seeks to attract investors through citizenship
Whereas previously real estate investors needed to buy a property for a minimum of $1 million, now a minimum $250,000 would be sufficient.
09/18/2018
Investors hope central banks will extend a rescue line to ailing emerging markets
The pressure to hike will be particularly strong for Brazil and SA, both of which have seen their currencies plunge this year
09/18/2018
Banks’ profits score EGP 45.843bn at end of June 2018
Top five banks account for 61.34% of profits, against 72.87% for 10 banks, says CBE
09/18/2018
5% VAT 'a starting point' for GCC, says banking chief
The 10th MENA CFO conference heard that VAT violators are being censured, with 3,000 offences recorded in Saudi Arabia in the first two months of 2018
09/18/2018
Saudi Wealth Fund to Invest $1 Billion in Tesla's Rival Lucid
Funding will enable EV maker to roll out Air sedan in 2020
09/18/2018
Dubai Financial Market accredits SICO as market maker and liquidity provider
Najla Al Shirawi: "We look forward to assist listed companies to improve valuations and attract fresh capital, which will further enhance the confidence of regional and international investors"
09/18/2018
Switzerland seeks bank access to Israeli markets
Israeli authorities focus on EU regulations but the EU doesn’t fully recognise our rules and regulations for political reasons.
09/17/2018
Arrests Spark Selloff in Egypt, Pacing Mideast Losses
In Dubai, the equities gauge fell to the lowest level since January 2016 after breaching a resistance level.
09/17/2018
U.A.E. to Offer Expats Long-Term Residency Visa After Retirement
If implemented, measures could encourage expats to stay on
09/17/2018
Saudi Arabia to auction detained tycoon’s real estate assets -sources
Maan al-Sanea once ranked on Forbes’s 100 rich list