Lebanon's 'zombie' banks are broke, but no one wants to admit it
Mahmoud Ramadan knocked on a metal gate sealing a bank’s entrance in Beirut’s Corniche el-Mazraa street to no answer. …
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Kuwait appoints new CEOs for state oil companies
Kuwait appointed new leaders for its state oil companies, state news agency (KUNA) reported on Sunday. Ahmed Jaber Al…
Kuwait Starts Commercial Operations at New Al-Zour Mega-Refinery
Kuwait has started commercial operations of the first phase of its Al-Zour mega-refinery, after the initial production and sale of…
For expats, Sharjah's property ownership decree clears path on inheritance, transfer of rights – will an offplan boom follow?
Sharjah’s updated real estate laws provide a clear pathway on inheritance rights related to freehold property – and which will…
Climate activists and World leaders head to Egypt for COP27
The 2022 United Nations Climate Change Conference, more commonly referred to as Conference of the Parties or COP27, will be…
DIFC regulator DFSA's penalties of Dh5.5m on KPMG and Dh1.83m an ex-auditor to stay on their Abraaj work
The DIFC regulator Dubai Financial Services Authority has imposed a fine of Dh5.50 million ($1.5 million) on the audit firm…
Emirates NBD observes UAE Flag Day
Emirates NBD has marked the UAE Flag Day with ceremonies at its Deira headquarters and Meydan offices. “Emirates NBD…
What Indians living in UAE need to know about income tax returns
If you are an Indian living in the UAE, and have a PAN card you may be wondering whether you…
General Pension and Social Security Authority approves draft annual budget for 2023
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs and Chairman of the Board of Directors of the General…
Digital payments surge 34% to $8.5bln in Bahrain
Cashless payments are gaining wider traction in Bahrain, with the volume of point of sale (POS) transactions posting significant growth…
Dubai records over $653mln in realty transactions on Thursday
Dubai real estate market recorded 842 sales transactions worth AED1.96 billion, in addition to 112 mortgage deals of AED487.55 million,…
Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license
Fintech Galaxy has become the first central bank regulated Open Finance platform in the MENA region after receiving a license…