11/05/2020
The central bank said in a statement that Banque du Liban could not submit such information as it would then be in violation of the country's bank secrecy laws
11/05/2020
The conduct of money transfer business by non-licensed entities/individuals is illegal and incriminated pursuant to Oman laws, and customers depending on such illegal channels are vulnerable to the fraud risk and they may lose their hard-earned money.
11/05/2020
The meeting discussed topics related to enhancing co-operation in the industrial and commercial sectors between member countries.
11/05/2020
This will be quite visible in how the Arabtec liquidation is played out
11/04/2020
86.6% Government debt in Egypt is running at 86.6 percent of GDP, according to the IMF
11/04/2020
With the new regulation, CBUAE aims to facilitate for fintech firms and other non-bank payment service providers easier access to the UAE market
11/04/2020
The Minister also discussed mechanisms to bolster bilateral trade and enhance cooperation in priority sectors that would serve the developmental aspirations of both countries.
11/04/2020
The average accepted price reached 99.950 for every OMR100, and the minimum accepted price arrived at 99.950 per OMR100.
11/04/2020
DFSA action follows unauthorised financial services and making misleading statements
11/04/2020
CBUAE Governor Abdulhamid M. Saeed Alahmadi said: "We are confident that the new SVF regulation will strengthen the public's confidence in the use of digital products and services and foster further development and innovation across the payments
11/03/2020
Oman to introduce income-tax on wealthy individuals
Oman expects to introduce an income tax on high earners in 2022, the finance ministry said in a 2020-2024 economic plan, as the Gulf state seeks to restore finances battered by low oil prices.
11/03/2020
Net foreign assets of Egypt’s banking sector up $3.30bln in September
In a recent report, the CBE stated that the increase in net foreign assets came as a result of the increase in the volume of foreign assets in the banking sector
11/03/2020
QFC announces new regulations for operating rep office in Qatar
More significantly, and given the implications of Covid-19 on the global economy, the new rules provide an ideal opportunity for enterprises to test and assess the growth potential of their businesses in the Qatari market, by establishing a representative
11/03/2020
Gulf state eyes income tax in shock move
It would be the first country in the region to go down this road
11/03/2020
The Saudi Geological Survey is one of the largest surveys in the world, with the budget for all its stages amounting to SR2 billion
11/02/2020
EBRD grants Banque du Caire $50m loan to support MSMEs
The loan will assist the Egyptian bank in developing its MSME lending activities, and expand access to finance for underserved MSMEs.
10/30/2020
The amendments generally take effect as from 21 September 2020.
10/30/2020
The amendments were introduced in response to the government’s efforts to merge the informal economy with the formal system and to improve the administrative practices of the Egyptian Tax Authority (ETA) so it will work more efficiently and the numb
10/30/2020
The police said fraudsters send such messages, usually via SMS or WhatsApp, to dupe bank customers into sharing their personal data.
10/29/2020
The Central Bank has taken a number of initiative in the last few months about money laundering and fighting terror financing.