Extradition hearing of former Abraaj CEO to start in London
A four-day extradition hearing is set to get underway in London on Monday involving the founder and former chief executive…
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Defining the paramater of ‘economic substance’ in UAE's new law
The UAE has been a tax haven - but since it was included in the “grey list” by OECD in…
Turkish companies for first time use central bank’s yuan swap facility to cover import bills
Turkey’s central bank said on June 19 that it had used a Chinese yuan funding facility for the first time…
Sharjah hires banks for $1bn sukuk sale
The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states…
Coronavirus impact: Legal disputes rise in UAE as firms struggle to meet contractual obligations
Legal disputes in the UAE have spiked since the outbreak of coronavirus as businesses are unable to meet their contractual…
Need to focus on cybersecurity, adopt AI to protect vital sectors: DFF
A series of reports from the Dubai Future Research, an initiative by the Dubai Future Foundation, DFF, anticipates the future…
Gulf International Bank honored for innovation in trade
Gulf International Bank has won awards recognizing the Bank’s leadership and innovation in Trade and Cash Management GIB was…
OAB merger with Alizz on track
Consolidation in the Omani banking sector is a crucial need of the hour so that the sector could grow and…
GFH Financial Group get stable outlook from Fitch
GFH Financial Group has announced that Fitch Ratings, the international credit rating agency, has reaffirmed the Group’s rating Long-and Short-Term…
Chairman of Israel’s Bank Hapoalim steps down due to illness
Oded Eran, the chairman of Bank Hapoalim , has stepped down due to illness, Israel’s largest lender said on Sunday.…
Report reveals six key fintech innovations for Mena
A report endorsed by MetLife Foundation has identified the six types of innovation with the greatest potential to improve the…
Bahraini court rules on Iran-linked money laundering
Bahrain’s Major Criminal Court has passed jail sentences and fines against bank officials over involvement in money laundering linked to…