10/29/2020
Kuwait, which pegs the dinar to a basket of currencies dominated by the US dollar, cut to 1.5% and was the only Gulf country that matched the Fed’s unexpected decrease of a full percentage point.
10/28/2020
But the US central bank is an active participant in research - while conducting its own - into the prospect in partnership with other central banks and the Bank for International Settlements (BIS).
10/28/2020
The COVID pandemic has disrupted international financial channels and put pressure on hard currency inflows to Emerging Markets
10/28/2020
The CBUAE took the exchange houses' poor compliance histories into account
10/28/2020
The average accepted price reached 99.723 for every OMR100 while the minimum accepted price arrived at 99.550 per OMR100.
10/28/2020
The CBUAE is also now responsible for protecting the rights of the insured and monitoring the financial solvency of insurance companies.
10/27/2020
The UAE government announced yesterday it has merged the Insurance Authority (IA) with the Gulf state's central bank.
10/26/2020
Egypt’s finance minister Mohamed Maait points to economy’s relatively strong performance despite pandemic
10/26/2020
Fayed noted that this move comes in line with the bank’s expansion strategy that relies on new digital channels
10/26/2020
Jersey is set to sign its first BIT with the UAE later this year.
10/26/2020
Al-Suwaidi said that the batch received the licence after completing the regulatory procedures specified in accordance with the provisions of the law.
10/25/2020
The decision also transfers all operational and executive powers of the Securities and Commodities Authority to the local stock markets
10/23/2020
Amer Group signed consumer- and structured-finance player Sarwa Capital and Misr Capital Investments, Banque Misr’s investment arm, as advisors on the corporate Sukuk issuance in July.
10/23/2020
The decision to leave the rate unchanged sent the lira down more than 2% to near 8 versus the dollar and prompted economists to question the central bank’s commitment to lowering inflation.
10/23/2020
The partnership will support target nations to identify gaps in their own readiness and ability to utilize AI and data and develop their own AI policies for innovation and acceleration of AI based on sustainable development goals.
10/23/2020
The parliament has legalised cannabis farming for medicinal and industrial use, with the specific objective of exporting the crop to foreign markets.
10/23/2020
Businesses won't have funds cut off and in some cases can tap new financing
10/23/2020
Supreme Court ruling to have significant impact on reporting of tax dues and on penalties
10/23/2020
The banks will have to ensure they meet the daily average requirements over a 14-day reserve maintenance period.
10/22/2020
Palantir Technologies will support Qatar’s digital transformation across sectors and seek to expand its market presence and activities in Qatar.