09/28/2020
The measure, which will be applied from Oct. 1, followed a surprise rate hike by the central bank last week designed to defend the lira and ease investors’ concerns that a splurge in lending by banks would lead to economic instability.
09/25/2020
The procedures, controls and standards necessary for evaluating work of equal value will be set by the government
09/25/2020
It said manufacturing production shrank “due to supply chain disruptions, limited export opportunities and subdued domestic demand.”
09/24/2020
Government entities are no longer exempt and are now subject to the updated ESR
09/24/2020
Violations at retail stores include tax evasion and failure to keep records
09/24/2020
The Regulatory Authority took this action because IFSQ has failed to satisfy the Regulatory Authority in respect of its fitness and propriety.
09/23/2020
The authorities urged the public to rely only on official sources of information
09/23/2020
The draft law gives the government six months to determine the number of expats needed by the country
09/23/2020
Total remittances reached $17bln in seven months
09/22/2020
UAE central bank failed to prevent Iran sanctions evasion: Report
Bank failed to act on warnings about a local firm which was helping Tehran to evade sanctions, leaked files show
09/22/2020
Egypt's central bank attracts EGP 21 billion with T-bill auctions
The CBE offered T-bills in an auction on Sunday with the aim of attracting EGP 19 billion, with interest rates ranging between 12.9 percent and 13.6 percent
09/22/2020
Saudi German signs R305 Islamic debt facility
Earlier this month, the company signed a R7m four-year lease contract for a hospital building in Jeddah with Bait Al Batterjee College for Medical Sciences and Technology.
09/22/2020
DP World, Bank Leumi to Explore Israel Logistics Investments
The UAE and Bahrain last week signed agreements to move toward establishing normal ties with Israel, setting in motion a potentially historic shift in Middle East politics.
09/22/2020
17,500 enrolled into Dubai's employee benefit scheme
The DEWS end of service scheme, details of which were released in January, is a low cost investment platform for receiving and managing mandatory employer end-of-service contributions on behalf of their employees and any added voluntary savings by employe
09/22/2020
Al Baraka to change the operational structure of its parent company in Bahrain
The Group’s banking subsidiaries, including Al Baraka Islamic Bank, Bahrain, will continue their banking activities
09/22/2020
Creditors take action against UAE's Al Jaber in decade-long saga
The move follows delays in restructuring agreements, under which Al Jaber was to appoint a new board and sell companies and assets such as the Shangri-La hotels in Dubai and Abu Dhabi.
09/21/2020
After a huge response there is now more information available for over 55s looking to retire in Dubai
09/21/2020
Despite this, some banks, including Deutsche Bank and specifically its US branches, continued to allow money transfers to be sent to Iraq despite the group’s control over large parts of the country.
09/18/2020
The agreement will allow Israeli clients to transact directly in the UAE.
09/18/2020
The new regulations and guidance have introduced important changes to the scope of the ES regulations, covered entities, compliance requirements, and governing authorities.