12/29/2022
Doha’s central bank issues billions in Treasury Bills, Sukuk
Authorities also announced that a record number of bids were placed in the auction, amounting to a total of QR11.46 billion.
Legal, Tax, Regulation & Compliance
12/28/2022
Qatar Central Bank issues QR6bn Treasury Bills, Sukuk
The auction attracted a record amount of bids totaling QR11.46bn.
12/28/2022
Europe investigators to visit Lebanon in central bank chief probe
The visit aims to conduct investigations into financial affairs linked to Salameh, the official added, requesting anonymity as he was not authorised to speak to the media.
12/27/2022
Israel awards license to new digital bank
The Esh Bank Israel is the second addition to the country's banking system in 43 years. In August, One Zero, a digital bank that received its license three years ago, was officially launched and became fully operational.
12/27/2022
PwC Middle East identifies top trends driving the region’s banking ecosystem
The conversations focused on the transformation taking place in financial services, importance of customer integration, evolution of payments and digital wallets and challenges with growing digitalisation
12/23/2022
Egypt’s economic growth to decline to 4.5% in FY 2022-23: World Bank
Fiscal consolidation is also expected to decelerate in 2022-23 due to higher inflation rates alongside the government social mitigation package.
12/23/2022
UAE Central Bank issues new anti-money laundering guidelines for insurance sector
The new rules apply to insurance companies, agents and brokers
12/23/2022
UAE fines six companies $871,000 for breaking anti-money laundering law
The companies were fined following inspections by the Ministry of Economy
12/22/2022
KPMG: Consistent Growth to Continue for Saudi Arabia Banks
The report found an increase in net profit by 26.21 per cent year-on-year for the banking sector.
12/22/2022
6 UAE firms fined $871,000 for anti-money laundering law violations
Businesses operate in designated non-financial business or professions sector
12/21/2022
Oman: No VAT increase, no income tax in 2023
The details were unveiled during a media presentation of the state's general budget for the year 2023
12/20/2022
UAE Corporate Tax: Multinationals' being pegged at 9% for now will be a win-win
UAE's decision to hold back on 'Pillar Two' and 15% tax to be a major incentive
12/20/2022
Emiratisation fines, job loss insurance, corporate tax: 5 new UAE laws that will come into effect in 2023
These include a plastic ban will be imposed across more emirates; sales outlets must charge 25 fils extra per plastic bag shoppers use as of next year
12/19/2022
Egypt’s new IMF deal aims to reduce government debt: Cabinet
Egypt negotiated its latest IMF loan as the economic fallout from the war in Ukraine exacerbated a foreign currency shortage resulting from Egypt's large trade deficit.
12/19/2022
Diriyah Gate in strategic financing solutions deal with SABB
As per the agreement, both parties will also work together on refining DGDA’s investment opportunities
12/19/2022
Bahrain announces distribution of over 6,000 residential units
The move comes following the directives of His Majesty King Hamad bin Isa Al Khalifa and the order of His Royal Highness Prince Salman bin Hamad Al Khalifa
12/16/2022
Central Bank of Bahrain increases key interest rates
The CBB continues to monitor global and local market developments closely in order to take any further necessary actions to maintain monetary and financial stability in the kingdom, it added.
12/15/2022
Saudi Central Bank raises interest rates by 50 bps
SAMA also increased the rate of Reverse Repo by 50 basis points to 4.50 percent.
12/15/2022
Jordan: central bank to regulate Open Finance
The account information service and the payment initiation service (PIS) are two examples of Open Finance services that allow third-party providers to offer customers reportedly innovative and competitively priced financial services and products.
12/14/2022
RTA signs MoU with Dubai Development Authority to streamline land permits
No licence shall be issued for lands located in the planned Rail Protection Zone unless the owner obtains a No-Objection Certificate from RTA.