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
Legal, Tax, Regulation & Compliance
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.
08/15/2023
Dh4 billion confiscated in money laundering cases, 187 'most wanted' people apprehended
It has also helped solve 521 cases of money laundering over the past two years
08/15/2023
Dubai Chamber of Commerce receives a total of 75 mediation cases during H1 2023
Dubai Chambers remains committed to protecting the interests of the private sector and the emirate’s dynamic business community
08/14/2023
UAE corporate tax: Will the one-size-fits-all approach work?
Many of these co-operative entities didn’t survive the highlighting of risks they were not necessarily aware they already bore, even before the advent of VAT.
08/11/2023
UAE slaps $1.3mln fine on exchange house for violating compliance laws
The unnamed company was found to have weak compliance framework to prevent money laundering
08/10/2023
CBUAE revokes licence of money exchange firm
The administrative sanctions are the result of findings which revealed serious regulatory misconduct