Federal Financial System becomes VAT compliant
The Ministry of Finance (MoF) announced that the Federal Financial System has been updated and is ready to manage all…
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Gulf underperforms in 2017, has reason to expect better 2018
Middle Eastern stock markets far underperformed the rest of the world in 2017 but as the year ended, beaten-down valuations…
Bank Sohar wins Infosys Finacle Client Innovation Award
Continuing the age of excellence, innovation and alacrity in Oman’s banking sector, Bank Sohar again has won an award for…
GCC bond sales to be bolstered by financing needs in 2018, market participants say
GCC issuers are likely to continue tapping debt markets in 2018 with similar amount of gusto as banks and corporations…
Egypt's assets move forward in 2018 with structural reforms
Egypt is moving forward in 2018 with structural reforms that helped make the nation’s assets among the best performers in…
Financial Conduct Authority delays rule change for Saudi Aramco’s $2 trillion listing
The City regulator has delayed a decision on an overhaul of stock market rules that would enable the $2 trillion…
Egypt picks five Banks to manage Its $4billion Eurobond sale
Egypt selected five banks to manage a Eurobond sale of about $4 billion, the finance minister said, as the nation…
Qatar central bank’s international reserves, liquidity rise in November
The Qatar central bank’s international reserves and foreign currency liquidity rose slightly in November, official data showed on Sunday, as…
Banks need to adapt to millennials: Experts
Retail banking industry needs to start making more changes to appeal to its millennial customers and to avoid fintech companies…
Sovereigns dominate sukuk market in 2017, trend expected to continue in 2018
Ratings agency Moody's estimated in a report released on December 5 that total sukuk issuance for 2017 would be around…
Dubai joins the big league
The economic diversification drive initiated by the GCC governments has started to bear fruit, as Dubai enters the ranks of…
Qatari lenders strained under the ongoing diplomatic row
Government deposits have extended a lifeline to Qatari banks, easing some of the damage of deposits outflow in the…