RAKBANK launches blockchain-enabled cross-border payments
Recognising the rising power of blockchain in today’s markets, the bank’s tie up with Ripple has enabled the launch of…
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Banque Saudi Fransi faces fine over regulatory violations -SAMA
Banque Saudi Fransi faces a fine over irregularities in an employee incentive programme, Saudi Arabia’s central bank said on Thursday.…
Monetary Authority Of Singapore And Abu Dhabi Global Market Foster Closer Cooperation In Banking Supervision
The Monetary Authority of Singapore and Abu Dhabi Global Market today signed a Memorandum of Understanding to strengthen the supervision…
UAE banks post profits of $7.8bn in nine months
Banks operating in the UAE posted profits of Dh28.8 billion ($7.8 billion) during the first nine months of 2017, a…
EU Mulls Including Turkey on Blacklist of Tax Havens
The European Union may include Turkey on a blacklist of tax havens as soon as next month, in a move…
UAE investment firm Amanat names new chairman, MD
The board of Amanat Holdings, the GCC’s largest healthcare and education investment company, on Thursday elected Hamad Abdulla Alshamsi as…
Artificial intelligence halves bank operation costs – Al Ghurair
Artificial Intelligence (AI) and digitisation can cut bank and financial operating costs by half, according to Abdulaziz Al Ghurair, Chairman…
Are UAE businesses ready or not?
The UAE business community is voicing concerns about the general readiness of its members to adapt to the new tax…
KPMG prepares firms in Qatar for new IFRS
In the coming months, Qatar’s banks and other financial institutions will be implementing long-awaited changes to the way that they…
Microsoft takes Kuwaiti cyber-security professionals inside the hacker’s world
Microsoft yesterday introduced Kuwaiti cyber-security professionals to the world’s foremost industry experts, in the second edition of its CISO Executive…
Saudi fund ‘to take over Riyadh financial district’
Riyadh’s $10 billion business hub, which has been under construction since 2006, will be given a fresh lease of life…
DFSA and ASIC sign FinTech agreement
The Dubai Financial Services Authority and the Australian Securities and Investments Commission entered into an agreement today that sets out…