Non-performing bank loans in Saudi Arabia reach SR33 billion
An economic report revealed that non-performing loans with Saudi banks rose to SR32.9 billion by the end of the second…
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UAE Securities and Commodities Authority's new licensing regime
The new Rulebook issued by the UAE Securities and Commodities Authority (SCA) has entered into force and has introduced a…
Curtis Establishes Presence in Saudi Arabia
Curtis, Mallet-Prevost, Colt & Mosle LLP have announced the opening of an office in the Kingdom of Saudi Arabia in…
Get ready for a UAE CBDC as blockchain and crypto adoption accelerates
The UAE Central Bank (CBUAE) is set to introduce digital currency in a bid to join the US, China, Japan,…
Qatar banks increase of non-Qatari ownership is latest in ‘pro-market policies’
The cabinet’s approval to increase the percentage of non-Qatari ownership is expected to enhance the country’s economic activity, experts told…
With Lebanon's banking secrecy suspended, A&M resumes its audit
Eight months after withdrawing from the engagement, global management consulting firm Alvarez & Marsal is set to resume its review…
European Fintech Solutions Provider finleap Partners Bahrain’s Telecom Firm Batelco to Support Open Banking
European Fintech solutions provider finleap has teamed up with Bahrain-based telecom firm Batelco in order to support Open Banking in…
AI is an accelerator of change in the UAE
The year 2017 will always be remembered as an inflexion point in the history of the UAE that set the…
Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai
One of Italy’s most wanted men, an alleged top drug trafficker suspected of having bought two stolen Van Gogh paintings…
UAE banks need to step up their customer service game
Banks in the UAE have struggled to manage the sudden and widespread shift to online customer service over the last…
UAE Securities and Commodities Authority's new promotion regime
Following the entry into force of the new Rulebook issued by the UAE Securities and Commodities Authority (SCA), there have…
Middle East & North Africa: Handling transfer pricing disputes in MENA – The shape of water
Across the globe, transfer pricing disputes have increased following a waterfall of changes, e.g., BEPS, increased transparency, global compliance obligations,…