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.
Legal, Tax, Regulation & Compliance
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.
08/25/2023
Turkey's central bank raises key rate to 25% to counter rising prices
The regulator has said it will continue to tighten monetary policy until it brings down inflation, which currently stands at 47.83 per
08/25/2023
Dubai free zone sees 250% licence renewal boost
Dubai World Trade Centre Authority Free Zone registered 322 new companies in H1 2023
08/25/2023
Saudi EXIM Bank signs export credit insurance deal with Evonik to boost non-oil exports
The agreement aims to protect the risk of non-payment associated with international buyers, reported the Saudi Press Agency on Wednesday.
08/24/2023
Alvarez & Marsal UAE Banking Sector Pulse Reveals Steady Performance in Q2 2023
Despite benchmark interest rates reaching their peak, net interest income (NII) contributed minimally to profitability
08/23/2023
UAE Unemployment Insurance deadline – last date to subscribe may be different in these cases
Top three things you should know about the Unemployment Insurance Scheme
08/18/2023
Egypt extends term of central bank governor as devaluation looms once more
Hassan Abdalla presided over policies that helped the country secure a $3bn loan from the IMF
08/18/2023
SAMA opens public consultation on consumer product financing
The apex bank has invited its stakeholders and the public to send suggestions and observations on the proposal via its public consultation platform.
08/15/2023
UAE scam alert: Residents warned of online shopping fraud, here's how to stay safe
Swindlers put up ads of heavily discounted products on social media platforms through fake websites
08/15/2023
UAE Corporate Tax: Are business owners better off drawing a 'salary' from their companies?
While salaries are not taxed, business owners must be careful about such a step
08/15/2023
Lebanon freezes bank accounts of former central bank governor and associates
The brothers and Hoayek have all been charged in Lebanon over embezzlement and other financial crimes.