02/14/2018
Saudi Central Bank to Test Ripple Payments Tech
This ground-breaking pilot program is the first of its kind to be launched by a central bank.
Legal, Tax, Regulation & Compliance
02/13/2018
Insurance unit of Warren Buffett's Berkshire Hathaway opens Dubai office
Berkshire Hathaway Specialty Insurance already has Asian regional hubs in Hong Kong and Singapore
02/13/2018
Dubai court can hear case against Deloitte unit after collapse of Hezbollah-linked bank
The shareholder group is led by Nest Investments Holding SAL, which was founded by Gulf entrepreneur, Ghazi Abu Nahl.
02/13/2018
UAE banks eye end to $22 billion Saudi debt saga
Most UAE banks owed money had received a final judgment on their claims from UAE courts, which they had submitted for approval by the three-judge tribunal based in Khobar within Saudi’s Eastern Province, he said.
02/13/2018
War-battered Iraq says it’s ‘open for investors’
World Bank officials joined Iraqi government representatives yesterday in Kuwait City to seek pledges from more than 2,000 representatives of international firms in attendance.
02/12/2018
Abu Dhabi financial regulator may create framework for virtual currencies
Previously, regulators in the UAE had expressed scepticism about cryptocurrencies, without going as far as trying to enforce an outright ban on them.
02/12/2018
Barclays Bank charged over Qatar loans
The same charges were bought against Barclays PLC in June last year.
02/12/2018
Kuwait hires TICG to advise on bourse listing - regulator
The Kuwaiti bourse, with a market capitalisation of about $90 billion, is one of the oldest in the Middle East.
02/12/2018
End reliance on public jobs, IMF tells Middle East countries
The IMF chief said that youth unemployment is a particular concern in the Middle East and North Africa, with jobless rates as high as 30 percent in nine out of 21 countries in the region.
02/11/2018
Saudi Ritz Reopens After Stint as Gilded Prison of Princes
The detainees were removed from the hotel two weeks ago, most released after cutting a deal with the authorities or being exonerated
02/11/2018
DFSA Signs MoU with Central Bank of Oman
This agreement is indicative of the value we place on regional cooperation and sustainable growth of financial services in our respective markets.
02/11/2018
Touting 'transformation', French PM seeks investment in Dubai
"What I felt was their continued interest in what we were doing and prospects available in France,"
02/11/2018
World Bank's IFC calls for investment in Iraq reconstruction
The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in Kuwait ahead of an international conference.
02/11/2018
Alpen Capital closes first Lebanon transaction
The transaction is also the first syndication in Lebanon for a local bank. The funding will be utilised by LGB to support its strategy towards expanding their lending to SMEs.
02/10/2018
Al Tayer: UAE has no intention to raise tax rates
Minister says no plans to increase VAT, excise rates in next 5 years
02/07/2018
Central Bank of Iran to Issue Forex Bonds for the First Time
The forex bond plan will be unveiled within two weeks.
02/07/2018
Second Citizenship More Affordable Than Ever; but Time is Running Out
Second passports can help provide businesspeople in the region with more security for their families and businesses, as well as the freedom of movement.
02/07/2018
Bitcoin trading prohibited in Qatar: Central Bank
This cryptocurrency is highly volatile and can be used for financial crimes and electronic hacking as well as risk loss of value because there are no guarantors or assets.
02/07/2018
UAE-India ties to reach new heights, say diplomats
The ambassadors said there are unimaginable developments in various sectors, with major announcements in store
02/07/2018
Bahraini Bank, Investment Co. Can’t Dodge Ch. 11 Suits
U.S. Bankruptcy Judge Sean H. Lane found that Arcapita's creditors can seek to retrieve $30 million in investments in Bahrain Islamic Bank and Bahrain-based Tadhamon Capital BCS