Al Rajhi Capital launches latest Saudi REIT IPO
Saudi Arabia’s Al Rajhi Capital has launched the largest real-estate investment fund (REIT) IPO in the region, which will have…
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Qatar plans central Shariah committee for Islamic banks
Qatar is planning to set up a central Shariah committee for Islamic banks to create consistency in Islamic finance, according…
Mideast funds to boost equities positions, favour Saudi after state budget
Middle East fund managers plan to boost their equity holdings after a very weak year in which the region underperformed…
‘Bitcoin is prohibited by Islam,' says Egyptian mufti
Egypt’s Grand Mufti Shawki Allam said in an official fatwa on Monday that trading with Bitcoin was "unlawful" according to…
Mashreq Bank Receives Nine Awards From Global Finance in London
Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner…
No VAT on ATM withdrawals in Saudi Arabia
No Value Added Tax will be charged on withdrawals from any ATMs, according to Secretary General of of the Committee…
Sharjah Islamic Bank issues sukuk to raise $72.47mln
Income generated from the bank's dividends will be used for uplifting social activities in Sharjah Sharjah Islamic Bank has successfully…
Warning Over Iran Wealth Fund Exodus
Majis Research Center–the in-house think tank of lawmakers–has sounded an alarm on the profligate use of the resources of the…
Looking for the right vat accounting software
The buzzword in the UAE appears to be VAT-ready. But is your business ready for it? And what about the…
Dubai billionaire to take on Amazon and his extreme work ethic for his staff
A DUBAI billionaire is vowing to take on Amazon with his emerging e-commerce empire — and to get to the…
Digital transformation: The catalyst for sustainable logistics operations
According to a report by the Global Logistics Emission Council, the logistics industry generates close to 6 per cent of…
Saudi HNWIs boost demand for 2nd passport by 70pc
High net worth families and residents in Saudi Arabia contributed to over 70 per cent increase in demand for second…