02/07/2023
The licensing of new foreign branch aims to fulfill the objectives of the “Rules for Licensing and Supervision of Branches of Foreign Insurance and/ or Reinsurance Companies in Saudi Arabia”
02/03/2023
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh
02/03/2023
“The discount rate was also kept unchanged at 16.75 percent,” MPC said
02/03/2023
Kraken had said last year it would reduce its workforce by 30%, or about 1,100 employees, as rising rates and worries of an economic downturn soured the sentiment on crypto
02/02/2023
The SCA has so far approved around 2,000 foreign funds to promote and offer their funds through licensed promoters in the UAE.
02/02/2023
UAE Central Bank raised overnight deposit rate to 4.65%
02/02/2023
The central banks of Saudi Arabia and Bahrain also increased their interest rates after the US Federal Reserve raised its target interest rate
01/31/2023
The new law is a positive development in encouraging foreign investment and international businesses to continue to move to and operate in the UAE.
01/31/2023
Interest rates in the Gulf have been rising quickly as central banks matched course with the US in support of their currency pegs with the US dollar.
01/26/2023
The Ministry of Finance explained UAE corporate tax rules via a virtual session
01/26/2023
All private sector employees must sign a new contract by February 1
01/25/2023
Ministry slashed fees for 14 main and sub services and waived the fee for one service as of January 1, 2023
01/24/2023
The licenses were granted after successful testing of their solutions in SAMA’s regulatory sandbox
01/23/2023
Under the Vision 2030 goals, the SME sector m in the Kingdom aims to make a 35 percent contribution to the national gross domestic product by 2030, with Aramco keen on being part of that.
01/23/2023
The system will also include the use of artificial intelligence in data analysis, in addition to implementing technically advanced automated processes that ensure high accuracy and quality
01/20/2023
UAE defines 19 categories of domestic worker, including maid, nanny, personal trainer and personal driver
01/20/2023
After he ‘provided misleading information’ to the regulator
01/20/2023
Regional policymakers cognisant of challenges as uncertainty rises amid weakening economic outlook, panellists at Davos say
01/19/2023
Some Middle Eastern countries are facing these headwinds full on, but the GCC seems increasingly like as it looks set to buck the trends of the forecasted global recession.
01/19/2023
Being held for the first time in the State of Qatar, the conference will attract elite experts and specialists in the economic and financial sector to highlight the latest trends in investment and credit ratings.