Dubai introduces new law on the taxation of foreign banks
A new piece of legislation (Law No. (1) of 2024 on Taxation of Foreign Banks Operating in the Emirate of…
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Azizi Developments signs with dsgn for Burj Azizi
Azizi Developments has signed an agreement with dsgn for the design consultancy of Azizi’s second tallest tower in the world,…
BankDhofar launches an exclusive credit card for ladies banking
BankDhofar is proud to be one of the few banks in Oman offering a credit card exclusively for women, reinforcing…
UAE banks' gross assets jump 10.8% in May
UAE banks’ gross assets, including bankers’ acceptances, rose by over 10.8 percent year-on-year (YoY), equivalent to AED418.1 billion, reaching AED4.287…
Oman’s foreign reserves increase by 9% in May
Oman’s foreign assets reached 7.37 billion Omani rials ($19.1 billion) by the end of May, reflecting a 9 percent increase…
Global stock rout intensifies, powering bond rally
A global stocks selloff intensified on Monday as concerns grew that the Federal Reserve is behind the curve with policy…
Egypt's net foreign assets positive for second month
Egypt's net foreign assets (NFAs) stayed positive for a second straight month in June having been deeply negative for more…
Western Union expands remittance services in Banque du Caire branches
Banque du Caire, in collaboration with IBAG (the official agent of Western Union in Egypt since 1995), has announced the…
Egypt Seeking to Boost Africa’s Financial Resources from International Institutions
Egyptian Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said her country is currently working to boost the…
Qatar’s non-hydrocarbon sector has strong potential to drive growth
Qatar’s commitment to actively pursuing an economic diversification agenda has created several opportunities for investors. Speaking to The Peninsula,…
Al Ansari Financial Services to acquire BFC Group for $200mn
As part of its plans to expand its presence across the region, Dubai-based Al Ansari Financial Services has agreed to…
QNB holds workshop with Snapchat to enhance bank's digital engagement strategies
QNB has hosted a workshop for its staff members in collaboration with Snapchat, one of the leading social media platforms,…