UAE central bank's foreign assets surge to Dh750b
The Central Bank of the UAE has said it boosted its foreign assets by more Dh176 billion within a year…
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Saudi CenBank launches government banking services platform
The Saudi Central Bank (SAMA) has introduced 'Naqd,' a government banking services platform. A vital tool, it enables…
DIFC Courts records strong uptake of services in first six months of 2024
Total value of cases filed with the Small Claims Tribunal increases by 37% International connectivity expanded with Hong Kong cooperation…
Azizi Developments partners with Unigulf Development for Azizi Venice and Riviera
Azizi Developments, a leading private developer, has signed an agreement with UAE-based company Unigulf Development for the supply of high-quality…
Omnix International launches conversational AI-as-a-Service
Omnix International, a leader in digital transformation and innovative technology solutions, is excited to announce the launch of its newest…
Kuwait enacts law to enhance tax transparency
The Council of Ministers has issued Decree-Law No. 6 of 2024 concerning the exchange of information for tax purposes, which…
Sharjah debuts in euros to ease funding pressure: IFR
The Emirate of Sharjah issued its debut euro-denominated bond last week in a bid to diversify its funding. The emirate…
Saudi Central Bank clarifies amounts exempted from bank account seizures
The Saudi Central Bank (SAMA) has clarified the amounts exempt from seizure and enforcement on bank accounts. This clarification comes…
Turkey is on verge of disinflation, top two economic policymakers say
Turkey's economy is beginning a sustained run of disinflation, two top economic policymakers said on Thursday in presentations to foreign…
Kuwait’s GDP falls 4.4pc in Q4 2023: NBK Research
Preliminary estimates from National Bank of Kuwait Economic Research show the Kuwait’s GDP declined by 4.4% y/y in Q4 2023,…
Banks expanding financing options for off-plan projects in Dubai
In a significant development for the real estate sector in Dubai, banks are increasingly implementing financing options for off-plan property…
QNB & NPCI International partner to launch UPI Payments in Qatar
QNB has partnered with NPCI International Payments Limited to enable QR code-based Unified Payments Interface payments across Qatar. This…