Saudi Arabia's 'instant visas' aims to support new businesses
Saudi Arabia has launched a new ‘instant visa’ scheme to support entrepreneurs setting up new businesses in the kingdom. …
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Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative
Dubai’s biggest bank Emirates NBD announced that it has introduced new measures to support UAE businesses in line with recent…
Mashreq appoints its new Head of Corporate and Investment Banking
Dubai-based Mashreq, a financial institution in the UAE, has announced the appointment of Joel D Van Dusen as its new…
UAE tech company launches software for businesses
UAE tech company Loyica recently launched a new CRM software called Saphyte. According to the company, the software is designed…
British Arab Commercial Bank appoints Head of Commodity Finance
British Arab Commercial Bank has appointed Michael Rolfe to head up its Commodity Finance division. Rolfe, who will be…
Bumpy road ahead for UAE banks chasing Indian debtors despite new legal deal
Recovering billions of dirhams from loan defaulters who have fled to India won’t be easy for UAE banks even after…
Middle East sovereigns must follow Egypt's green example
Middle East sovereigns have been taking their sweet time in getting round to doing green financing, despite many of the…
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
Dubai launches data-based Economic Platform
The ‘Dubai Economic Platform’ has been launched, offering an integrated source of global and local economic data and relying on…
UAE, Saudi and Bahrain lower interest rates in line with Fed move over virus outbreak
Policy makers in the Gulf followed the US Federal Reserve’s emergency move on Tuesday, lowering interest rates in response to…
UAE rules out any VAT increase
The UAE ruled out any increase the value added tax (VAT to be accordance with recent IMF recommendations. “We…
Sharia council issues fatwa on coronavirus
On Tuesday, UAE’s Sharia Council issued a fatwa that prohibited those infected with or suspected of coronavirus from attending congregational…