High measures to block ‘ransomware’ attack across Arab banks
Banks and financial institutions in the Arab countries have taken precautionary measures in order to anticipate the unprecedented electronic attacks…
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Kuwait Bourse suspends 17 enlisted companies
Kuwait Bourse announced suspending 17 enlisted companies for failing to present their financial data for Q1 2017 within the specified…
Saudi sale of the century lures foreign investment banks, PE firms
One of the world's largest privatization programs is drawing foreign investment banks and private equity firms to Saudi Arabia, despite…
CLEARLY: a digital-only banking proposition set to launch in Dubai
A new way of banking for the Middle East, CLEARLY is smart and simple to use and ensures customers’ needs…
GIB granted license to operate as local bank in KSA
Gulf International Bank has been issued the necessary license in accordance with the Banking Control Law to operate as a…
Bank Hapoalim Switzerland Celebrated During Company Event
Bank Hapoalim held a festive event last week to highlight the work it does in Switzerland. The event took…
Charles Russell Speechlys highly commended at the Middle East Legal Awards 2017
Charles Russell Speechlys was recognised last week as a Finalist in three “Team of the Year” categories in the Gulf…
5 things to know about Gulf philanthropy
Philanthropy is booming in Arab Gulf states. Over the past decade, the number of foundations and nonprofits operating in the…
United Arab Emirates – the latest "tax haven" to sign up to enhanced tax transparency
On the 21 April 2017, the United Arab Emirates (UAE) officially signed up to the Multinational Convention on Mutual Administrative…
New IDBG, UNDP report identifies steps to leverage Islamic finance for impact investing
The Islamic Development Bank, IDB, Group and the United Nations Development Programme, UNDP, has launched a new report that spells…
Call for collective action against cyber attacks
Even as governments and companies around the world began to fight back against the WannaCry ransowmware attack, media outlets around…
Saudi Arabia to Raise $9 Billion via Sukuk
Fitch Ratings Global Head of Islamic Finance Bashar Al Natoor weighs in on Saudi Arabia's issuance. He speaks on…