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Hedge Funds & Alternative Investments

MBME Group leverages modern solutions to lead MENA’s payment solutions market which is growing by 14.8%

December 15, 2022

MBME Group,  has  reported that businesses can grow by 14.8 per cent by integrating modern, secure, and prompt payment solutions.…

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Regulation, Risk & Compliance

UAE Banks Federation raises awareness on bank fraud through national campaign

December 15, 2022

In your capacity as Director General, UAE Banks Federation, please elaborate on the Together Against Fraud awareness campaign and how…

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Regulation, Risk & Compliance

Jordan: central bank to regulate Open Finance

December 15, 2022

The Central Bank of Jordan  has issued instructions to regulate Open Finance services provided by all banks operating in the…

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Hedge Funds & Alternative Investments

Shuaa Capital launches three funds amid growing investor demand

December 15, 2022

Dubai investment banking and asset management firm Shuaa Capital has set up three Sharia-compliant funds in the Abu Dhabi Global…

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Hedge Funds & Alternative Investments

Competition intensifies as Kuwait bankers eye additional ‘high-cost’ deposits

December 15, 2022

Local banks have finally started a new round to attract an additional amount of high-cost deposits, however, to upset the…

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Hedge Funds & Alternative Investments

Saudi Central Bank raises interest rates by 50 bps

December 15, 2022

The Saudi Central Bank, known as SAMA, raised the Repo rate by 50 basis points to 5 percent, following the…

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FinTech

UAE launches new AI-powered mobile app for crop disorder detection

December 14, 2022

The UAE has unveiled a new AI-powered mobile application for detecting crop disorders.   The new application – called Dr.…

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Retail Banking

Saudi retail banks to outperform GCC peers in revenue growth: Boston Consulting

December 14, 2022

Banking revenue growth in Saudi Arabia is set to outstrip others in the region as increased spending in the environmental…

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Tax

UAE: Will residents have to pay 9% corporate tax on their salary from next year?

December 14, 2022

The UAE will introduce corporate tax at nine per cent from June 1, 2023, setting a threshold of Dh375,000 profit…

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Hedge Funds & Alternative Investments

GCC external assets to hit $6tn if oil averages $120 a barrel in next five years

December 14, 2022

A steep rise in oil revenue is set to drive up the aggregate external assets of oil-rich Gulf states to…

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Insurance

UAE's compulsory medical insurance for all – what will insurers do on basic premiums?

December 14, 2022

With UAE planning compulsory health insurance across all emirates, citizens and residents will have more medical insurance plans to choose…

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Regulation, Risk & Compliance

RTA signs MoU with Dubai Development Authority to streamline land permits

December 14, 2022

The Roads and Transport Authority has signed a Memorandum of Understanding with the Dubai Development Authority to streamline the business…

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