03/09/2020
Bahrain's Shura set to vote on new bankruptcy law
The changes are set to be debated and voted on during Sunday’s weekly session of the Shura Council
Legal, Tax, Regulation & Compliance
03/09/2020
Coronavirus: UAE airlines offer refunds, free travel date change
In light of restrictions brought about by the Covid-19 virus.
03/09/2020
Britain’s lucrative ties with the Gulf states have been tested by court shocks
The accusations against Sheikh Mohammed make uncomfortable reading for many, including the Queen and the Foreign Office
03/09/2020
Lebanon suspends banks’ asset freeze
On Monday the prosecutor separately called in 15 banks over more than 2 billion dollars in capital flight despite the restrictions in the two months after the start of the protests.
03/09/2020
EU sanctions two Turkish executives
These persons are responsible for or involved in planning, directing and implementing offshore hydrocarbon exploration activities in the Eastern Mediterranean which have not been authorised by the Republic of Cyprus.
03/09/2020
Dubai Financial Services Authority Publishes Innovation Programme Progress Report
The Programme has been successful in enabling the DFSA to deepen its understanding of the risks and benefits of these new concepts and allowing firms to test their ideas within a regulatory framework.
03/09/2020
Prosecution closes arguments in case against Pilatus owner Ali Sadr Hasheminejad
United States Attorney Office is expected to close its arguments in its case against Pilatus Bank owner Ali Sadr Hasheminejad on Monday, 9 March
03/09/2020
UAE banks take precautions against coronavirus
Banks, financial institutions in UAE tell their staff to take precautions against COVID-19
03/09/2020
National Bank of Bahrain signs a strategic partnership with StartUp Bahrain to empower the startup ecosystem
Through our partnership with StartUp Bahrain, we look forward to stepping into the next wave of innovation and contributing towards the Kingdom’s national efforts to progress as a digital economy.
03/07/2020
Egypt to Roll Out New Plastic Currency in 2020
Amer also added that the new currency is cheaper to produce and said that the move will reduce counterfeiting
03/06/2020
Bahrain central bank urges banks to ease debt terms, fees due to coronavirus - circular
It also urged the financial institutions to reduce profit and interest rates, fees and commissions
03/06/2020
Central Bank of Kuwait cuts discount rate to 2.5 per cent
Saudi Arabia, the UAE and other Gulf states also reduced key interest rates tracking an emergency move by the Fed to soften the impact of the coronavirus outbreak
03/06/2020
DFSA signs MoU with IOMFSA
Collaboration is crucial in enabling the DFSA to maintain the integrity, efficiency and financial stability of the Financial Services industry in the Dubai International Financial Centre.
03/06/2020
Pilatus banker’s defence: U.S. dollar payments were not meant to breach Iran sanctions
Ali Sadr Hasheminejad trial in New York: defence says prosecution witness who recieved $50,000 from Stratus did not breach sanctions
03/06/2020
UAE bank sanctioned
The bank's senior management delayed the release pending the outcome of a legal dispute between the bonds' applicant and beneficiary, urged by its client's legal advisor.
03/06/2020
Barclays executives fend off fraud charge
Three senior Barclays bankers have been acquitted of fraud charges relating to emergency funding from Qatar in 2008.
03/06/2020
Middle East businesses see biggest rise in customer fraud
The survey examined responses from eight countries in the Middle East, and PwC globally examined responses from 99 countries around the world.
03/06/2020
Data and AI to Add More Than USD 10 Billion to Saudi Arabia's Economy
Saudi Data & Artificial Intelligence Authority is driving the country's transformation into a leading data-driven economy
03/06/2020
ACC okays charge sheet against ex-AB Bank chair, 7 others
The commission director for public relations Pranab Kumar Bhattacharjee said that the commission’s investigation found that the money was siphoned off to the UAE by two business firms.
03/06/2020
Middle East businesses see biggest rise in customer fraud
Middle East businesses reported that customer fraud and procurement fraud are the most disruptive of all economic crimes.