09/19/2022
Tunisia expects deal on IMF loan in weeks, central bank governor says
The government and the powerful UGTT union last week signed a deal to boost public sector wages by 5%, a step that may ease social tensions.
Legal, Tax, Regulation & Compliance
09/14/2022
DIFC reports business growth in H1-22
The strong performance came in line with DIFC's Strategy 2030 to strengthen the future of finance and boost its economic contribution to Dubai, according to a recent press release.
09/13/2022
QIIB holds workshop for board, senior management on QCB governance regulations
The workshop also discussed the increased attention to the board’s environmental and social responsibility, the support granted to such projects, and the bank’s plans related to these two items, which became at the top of the agenda for many i
09/13/2022
ADGM’s financial regulator publishes guiding principles on its approach to virtual asset regulation and supervision
Recognising the transformative power of the virtual asset (VA) industry and its potential to facilitate access to innovative financial services, ADGM’s FSRA outlines its expectations and risk appetite for regulating virtual asset service providers
09/12/2022
Gold flat ahead of inflation with more big rate hikes looming
Bullion has mainly fluctuated between $1,700 an ounce and $1,720 in September after several months of declines
09/12/2022
UAE Cabinet approves new law on public-private partnership
Licencing of the first electric cargo aircraft in the region also gets go-ahead
09/12/2022
UAE among top 10 in 432 global indicators: Federal Competitiveness and Statistics Centre
FCSC said that according to the IMD's WCY, the UAE ranks 12th globally, with a score of 88.67 (out of 100) and is leading the MENA region
09/12/2022
Top UAE lawyer Habib Al Mulla parts ways with Baker Mackenzie
Decision was after remarks made by the prominent lawyer on Twitter
09/09/2022
Dubai: Number of new businesses in DIFC up 22% in June
FinTech, innovation firms post 23% growth
09/09/2022
Saudi Export-Import Bank signs MoU with BOK International Bank (Bahrain)
The signing of the MoU with BOK International Bank (Bahrain branch), comes in line with EXIM Bank’s continuous efforts to increase support for the export of Saudi non-oil services and products, and to enhance cross-border trade: official
09/09/2022
Abu Dhabi Development Fund financed projects worth $202m in 2021
Government entity's finances, investments and bank deposits stood at $42.7bn as of December
09/09/2022
QFMA issues covered short selling rules, securities lending, borrowing rules
The importance of the new rules is that they add new financial services activities aimed at increasing the volume of activities
09/09/2022
Saudi Fund for Development finances $18.4bn worth of projects in developing countries
The Federation of Saudi Chambers joined hands with the development fund to promote the use of local resources in the procurement of projects and capitalize on ways to maximize benefits to the Kingdom’s business sector.
09/09/2022
Saudi Arabia to highlight sustainability successes during G20 Development Ministerial Meeting
They will also review the progress that has been made on plans and commitments agreed during the first Development Ministerial Meeting in Matera, Italy, last year.
09/07/2022
Central bank demand for gold remained robust in July, World Gold Council says
Qatar Central Bank was largest buyer of bullion, adding 15 tonnes of gold to its official reserves in July
09/06/2022
Saudi Industrial Development Fund approves $20bn loans since Vision 2030 launch
The new figures come as the Saudi Deputy Minister of Industry and Mineral Resources announced the imminent launch of the National Industrial Strategy, according to Arabic news outlet Asharq Alawsat.
09/06/2022
QNB Group announced as Official Partner for Lusail Super Cup
“We are delighted to welcome QNB Group as an Official Partner for the Lusail Super Cup. QNB continues to be a major supporter of sporting events in Qatar as the country builds up to the FIFA World Cup in just a few months’ time.”
09/06/2022
KIPCO shareholders approve company’s merger with QPIC
‘This transformative transaction will make combined entity one of the largest public investment holdings in the MENA region’ says company’s Group CEO
09/02/2022
AGDM regulator fines five financial institutions for breaching reporting requirements
The penalties and administrative fees range from $8,169 to $32,403
09/01/2022
Egypt issues first Islamic micro-financing license
On Monday, Egypt’s Finance Minister Mohamed Maait said that the government plans to issue Islamic sukuk between $1.5 billion and $2 billion once the effects of the war in Ukraine on global markets ease.