Jordan fires Basem Awadallah from Arab Bank administration
Jordanian Central Bank removed former Chief of Royal Court, Bassem Awadallah, from its administration, local media reported yesterday. According…
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Turkish central bank sticks to high interest rates after inflation rise
Turkey’s central bank held its key interest rate steady at 19% as expected yesterday and repeated a pledge to keep…
Qatar Emir sacks finance minister over corruption charges
Qatar’s Emir Sheikh Tamim bin Hamad Al Thani on Thursday sacked his finance minister over charges of corruption, state media…
Kuwait may take 4 years to introduce personal taxes
It could be 3 to 4 years before Kuwait introduces taxes on its citizens as political gridlock and a lack…
Saudi Fransi to advise Emaar the Economic City on $753mln capital hike debt conversion
Emaar The Economic City has hired Saudi Fransi Capital to advise on a capital increase through the conversion of a…
Bahrain a 'country to watch' for GCC contact center outsourcing
A host of favourable conditions position Bahrain as a potential global hotspot for contact-centre outsourcing – according to a new…
Bahrain’s Investcorp targets larger North American deals
Investcorp Holdings BSC is targeting larger private equity deals in North America as it seeks to boost assets under management…
Qatar finance minister arrested over alleged embezzlement -statement
Qatari Finance Minister Ali Sherif al-Emadi was arrested for questioning over allegations of embezzlement, abuse of power and crimes related…
CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator
Commercial International Bank – Egypt has become the first bank in the Middle East and North Africa region to receive…
UAB reports financial results for the three months ended 31st March 2021
United Arab Bank has announced its Financial Results for the three months ended 31st March 2021. Strong performance is…
COVID-19 impact: UAE reduces penalties on VAT, excise tax
The UAE has reduced tax penalties for value-added tax (VAT) and Excise Tax in order to help the companies and…
Tabreed selects Deloitte Consulting for SAP transformation
Abu-Dhabi-based district cooling specialist Tabreed is embarking on a new digital transformation, and has picked SAP and Deloitte as partners…