02/21/2020
All you need to know about investing in residency and second passport
More than 100 citizenship and residency by investment programmes are currently on offer
Legal, Tax, Regulation & Compliance
02/21/2020
Dubai Economy and six banks launch KYC consortium
Dubai Economy and Emirates NBD are founding members of the consortium
02/21/2020
Egypt plans to resume IPOs of parastatals
The government expects to raise around EGP 100 billion ($6.4 billion) from the sale of stakes in more than 20 companies
02/20/2020
UAE regulator to investigate Pakistan bank for money laundering
The Central Bank of UAE said in a statement on Wednesday that it was in “close contact” with Pakistan’s banking regulator to verify reported irregularities of a Pakistani bank in UAE.
02/20/2020
More expat jobs to be replaced by Omanis
Oman's government has recently confirmed an extension of its visa ban for expats working in certain sectors, with the ministry of manpower (labour) confirming that visas will no longer be renewed once their licence has expired.
02/20/2020
KPMG in Bahrain to host a business seminar
The event aims to bring together the leaders of the banking and financial services sector to discuss the implementation of the new regulation.
02/20/2020
UAE cracks down on misuse of home loans
The move is aimed to limit risks from property slump
02/19/2020
Hanan Morsy named one of Egypt’s 50 most influential women
Dr Morsy has brought a wealth of international experience to the African Development Bank.
02/19/2020
Dubai's health insurance industry booming after mandatory medical insurance
Healthcare entities such as Avivo Group, which even otherwise faces heavy operating expenditures, are putting additional money on the new department that handles insurance-related activities.
02/18/2020
SA expat confusion over tax status as amendments loom
Taxpayers who will be most affected by the legislation are those in the Middle East or in countries where there is no double taxation agreement.
02/18/2020
FAB issues over AED 3 billion bonds within three days
The bank issued the region’s first dollar-denominated Sukuk for 2020 in January, the order book topped $1 billion with 80 per cent allocated to Islamic investors
02/18/2020
The Changing Face Of Business In The Middle East
It’s a shift that forward-thinking governments in the region are proactively fostering.
02/18/2020
IMF technical team to start Lebanon talks on Thursday
Banks are imposing controls on access to cash and blocking transfers abroad, the Lebanese pound has slumped, prices are rising and firms are shedding jobs or slashing wages.
02/18/2020
Gulf Bank, Instimatch tie up for digital cash deposits
Gulf Bank will be able to use the Instimatch network as part of its treasury operations, in order to source additional money market opportunities, with full control over counterparties.
02/18/2020
TCS BaNCS selected by BSF to enhance customer experience
The platform’s flexibility enables the speedy launch of new products and services while its high level of automation significantly enhances customer service levels.
02/17/2020
StanChart says rising project finance and digital tech investments will drive regional growth
The bank can be a 'bridge' for foreign capital seeking opportunities in Saudi Arabia, says Africa & Middle East head
02/17/2020
Irregularities found Habib Bank's UAE operations
Employees in some of Habib Bank's UAE branches helped certain customers disguise transactions by issuing pay orders in their own names
02/17/2020
Expected change in banks map Egyptian market
The new banking law requires local banks to increase their paid-up capital to EGP 5bn, and increase foreign bank branches to $150mln
02/17/2020
UAE bank customers' complaints to be dealt with quickly under new guidelines
Consultation process launched for new Financial Consumer Protection Regulatory Framework
02/16/2020
UAE banks will have to process consumer complaints within timeframe
The apex bank said the new framework will help consumers to make a quick and right decision amidst the growing and expanding financial sector in terms of new entrants and new products.