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…
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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…
Commercial banks’ assets surge by 5.1% in May 2024
Qatar’s banking sector has been characterised by continuous growth and stability which has consolidated its position as a major player…
Nasdaq Dubai Welcomes USD 500 million Sukuk by the Sharjah Islamic Bank
Nasdaq Dubai welcomes the listing of USD 500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the…
UAE’s Artificial Intelligence Office, Mastercard and First Abu Dhabi Bank launch joint AI Challenge
The UAE’s Artificial Intelligence, Digital Economy and Remote Work Applications Office, the Mastercard Center for Advanced AI and Cyber Technology…
FAB says ‘no’ to $5bln Yes Bank stake acquisition reports
UAE's First Abu Dhabi Bank (FAB) has denied reports that it is considering buying a stake in India’s Yes Bank…
Saudi Re completes the sale of its stake in Probitas for £123mln
Saudi Reinsurance Company "Saudi Re" has completed all procedures for the sale of its entire 49.9% stake in Probitas Holdings…