Middle East investment in London set to rise 30% in 2018
Middle Eastern investment in London is expected to top £1.38 billion ($1.75 billion) in 2018, up 30 percent on last…
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Kingdom of Bahrain ‘can become global open banking leader’
The financial services sector of the Kingdom of Bahrain is on the way to being a global pace setter in…
Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority…
SABB ‘Best Cash Manager Bank in Saudi Arabia’ anew
THE Saudi British Bank (SABB) has been named “Best Cash Manager Bank in Saudi Arabia” in the Euromoney Cash Management…
Qatar will not introduce VAT in 2019
The MoF said, in relation to VAT and the Qatar economy that "its effects are being assessed". It had previously…
Don't open WhatsApp message sent by 'UAE Central Bank', residents told
The UAE Central Bank on Thursday warned residents against malicious WhatsApp messages of fraudulent nature which claims to be sent…
Egypt Considers Re-Opening Door for Licensing International Banks' Branches
The Central Bank of Egypt board is considering re-opening the door for licensing international banks' branches to join the Egyptian…
NBO wins prestigious CITI Straight Through Processing Excellence Award
The National Bank of Oman (NBO) has won the prestigious the 2017 “Straight Through Processing” (STP) excellence award from Citi.…
Moody's upgrades ratings of three Bahraini retail banks
Moody's Investors Service has affirmed the long-term deposit and issuer ratings of four retail banks it rates in Bahrain, as…
Nasdaq Dubai to Launch Futures on MSCI Index in January
Nasdaq Dubai plans to start futures trading on the MSCI United Arab Emirates equity index next month. This opens…
Dubai's ultra-prime property still a magnet for investors
Expo 2020 is expected to have a huge impact on Dubai's property market. The potential increase in economic activity and…
Mideast entrepreneurs among world’s most ambitious and dynamic communities: HSBC
The entrepreneurs in the Middle East are among the world’s most ambitious and dynamic communities given their business achievements and…