Updated transfer pricing guidelines in Saudi Arabia
Saudi Arabia’s General Authority of Zakat and Tax on June 1 issued updated transfer pricing guidelines, providing clarification in several…
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Decapitating stroke for UAE third party administrators
Third party administrators in the UAE’s insurance ecosystem face an uncertain future. It follows the insurance regulator stating that…
UAE Central Bank’s TESS liquidity scheme availed by 26 banks
In the aftermath of the Covid-19 pandemic, a total of 26 banks availed the Targeted Economic Support Scheme (TESS) liquidity…
Strong interest in open banking among UAE banks, study finds
A large majority of financial institutions in the UAE plan to enable open banking in the next 12 months, new…
Syria devalues currency as new US sanctions hit
Syria's central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as…
Dh50 billion: Leading UAE banks fully utilise liquidity relief funds to support customers
The UAE’s banking sector continues to roll out relief measures to individuals and businesses impacted by the COVID-19 outbreak with…
Saudi's SABIC board proposes H1 dividend to shareholders
Saudi Basic Industries Corporation has announced its board's recommendation to distribute cash dividends to shareholders for the first half of…
Strong interest in open banking among UAE banks, study finds
A large majority of financial institutions in the UAE plan to enable open banking in the next 12 months, new…
Rashid Al Awadhi appointed CEO of New Media Academy
Al Awadhi has over 18 years of marketing and communications experience, including various senior-level positions in Middle East based multi-national…
Lebanon central bank aims to bring dollar price down progressively: Salameh
The Lebanese central bank aims to bring down the price of the US dollar progressively with the agreement of licensed…
NBB launches personal loan drive
The National Bank of Bahrain (NBB) has launched a Branch Sales Marathon, where customers can benefit from a limited time…
Mobile banking top tech adopted by Islamic banks
Mobile banking/payments ranked the top adopted technology by Islamic banks according a survey conducted by the General Council for Islamic…