Stakeholder capitalism – what is it, and how can it help the Middle East and North Africa?
Even before COVID-19 there was a growing buzz around stakeholder capitalism - the idea that a wide group of people,…
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UAE clarifies scope and application of economic substance regulations
The United Arab Emirates government has made amendments to its Economic Substance Regulations, clarifying to whom the regulations apply and…
UAE companies required to keep beneficial ownership register
The United Arab Emirates has introduced new rules that require companies based in the UAE mainland and commercial free zones…
GFH intends to expand its investments in Saudi Arabia
Hisham Al Rayes, CEO and member of the Board of Directors, revealed to the group GFH FinancialThe group intends to…
Oracle building major cloud data centres in the UAE, Saudi Arabia
Digital transformation has been a buzzword in the GCC for some years now. And while most regional governments have been…
Top banks set climate targets for loans and investments
HSBC Holdings Plc, Societe Generale SA, BNP Paribas SA and other banks, insurance companies and financial firms around the world…
G20 discusses ways to enhance access to opportunities in ME
Younis Haji Al Khoori, Undersecretary of the Ministry of Finance (MoF), participated in a high-level G20 virtual forum titled ‘Enhancing…
“GFH” decides to cancel the listing of its shares on the…
The general assembly of the “GFH” Financial Company, listed on the Dubai, Bahrain and Kuwait Stock Exchanges, approved the cancellation…
MENA Region Holds Regulatory Clues For Merchants
Confident risk analysis can seem hard to come by when the world goes off its commercial axis, as it has…
Multilateral Convention to tackle tax evasion and avoidance continues expand reach in developing countries
At the OECD Headquarters in Paris, four countries have signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters…
SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt
The SANAD Fund for MSME (SANAD) announced on Thursday that it has provided a new loan of $15m to Banque…
GCC Islamic asset managers stay resilient
Net inflows into some large Islamic funds in the GCC countries have remained positive despite weaker markets and lower oil…