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Legal, Tax, Regulation & Compliance

12/10/2020

Central Bank of Oman launches Fintech Regulatory Sandbox

A Fintech Regulatory Sandbox is a common and worldwide-used approach to achieve the objective of harnessing opportunities for innovation in the financial sector while mitigating the accompanying risks.

12/10/2020

The Chartered Insurance Institute welcomes UAE insurance authority's draft regulation for insurance brokers

The Chartered Insurance Institute exists to drive up professional standards across International markets

12/10/2020

Bahrain puts off new taxes, weighs longer relief

We want to see recovery take hold before any additional steps: finance minister

12/10/2020

Burgan Bank places $500mln Tier 2 bonds in debt market

The bonds comply with the Basel III regulatory framework

12/09/2020

Experts welcome Saudi Public Prosecution’s push to keep capital markets fair, honest

Agency reiterates crime of creating a false, misleading impression of the market to traders

12/09/2020

Egyptian banks' assets, reserves abroad jump 90% in 7 months

Adel pointed out that the Egyptian banks' assets and reserves abroad returned to their previous record levels, a matter which reflects the success of the monetary policy.

12/09/2020

Bahraini ministry plans to replace expats by 2024

49 foreign employees sacked over the past 2 years, says minister

12/09/2020

Egypt promotes comprehensive plan to confront overpopulation

It is a priority for the government because it constitutes great pressure on natural resources and the state budget.

12/09/2020

Turkish minister pledges accountability amid reforms to woo foreign investors

The Turkish lira briefly trimmed losses after the statement and was down 0.2% at 7.8236 per US dollar as of 11.23am in Istanbul.

12/09/2020

Egypt, French agency sign financing agreements- statement

The agreements were part of the 2019-2023 Strategic Partnership in Social and Economic Development between Egypt and France

12/08/2020

Central Bank of Egypt extends tourism, retail loan initiatives to 2021 end

The CBE also decided to extend the validity period of the retail loan initiative for workers in the tourism sector for a year, which will also conclude at the end of 2021.

12/08/2020

Gulf Bank Embarks On Multi-Year Multiexperience Transformation Journey With Avaya

The transformation journey began earlier in the year, when Avaya supported Gulf Bank at the height of the COVID-19 pandemic by providing remote agent licenses.

12/07/2020

Turkey Inflation – Back with a Vengeance

The Brazilian economy rebounded strongly in Q3 2020 (7.7% quarter-on-quarter).

12/07/2020

UAE's gold and jewellery industry is set for its biggest makeover yet

Creation of database and special committee to ensure greater transparency

12/07/2020

Saudi prince slams Israel in panel with Ashkenazi

Ashkenazi took part in the panel on “new security partnerships in the Middle East” via video link from the Foreign Ministry in Jerusalem.

12/04/2020

UAE expands 10-year residency golden visa eligibility

The United Arab Emirates is extending its golden visa system, which grants 10-year residency in the Gulf state, to certain professionals, specialised degree-holders and others.

12/04/2020

Saudi Arabia and UAE Declare Central Bank Digital Currency Pilot a Success

This promises to address the inefficiency and costs that are inherent in existing cross-border payment mechanisms.

12/04/2020

Turkish inflation hits 14% as monetary policy pressure mounts

Month-on-month, consumer prices rose 2.30% in November, the Turkish Statistical Institute said, compared with a Reuters poll forecast of 1.0%.

12/04/2020

Saudi Public Prosecution says giving false impression of capital market is ‘serious crime’

Performing a series of transactions on a specific security to influence on a particular stock.

12/04/2020

Bahrain to allow occupied West Bank goods to be labeled as 'Made in Israel'

"We will treat Israel and Israeli companies like we do Italian or German or Saudi companies, for that matter," he said.

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