03/30/2020
Egypt's central bank places limits on cash withdrawals
Customers told to avoid paper money and adopt electronic transfers in a bid to control the spread of coronavirus
Legal, Tax, Regulation & Compliance
03/30/2020
Lebanon to finalise turnaround plan by year-end to mend 'broken' economy, finance minister says
Highly-indebted country has a four-point agenda of structural reforms, fiscal consolidation, banking sector reorganisation and debt restructuring
03/30/2020
UAE Central Bank urges banks to prioritise remote working as a measure against coronavirus
Governor Mubarak Al Mansoori said the banking workforce is fully prepared to support the UAE’s economy during this particular time
03/27/2020
World Tax Advisor, featuring special COVID-19 section
These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.
03/26/2020
Tax in the time of COVID-19
The goal is to ensure that households and businesses are able to keep their heads above water until the health crisis can be contained, so that the economy is ready to rebound once the worst of the pandemic has passed.
03/26/2020
Bahrain's KHCB gets shareholder approval for delisting from Dubai's DFM
Shareholders also approved the reduction in the bank's issued and paid capital
03/26/2020
Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis
In fluid situations, these conditions are hard to meet.
03/26/2020
Coronavirus Job Listings and Money Laundering Schemes
Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.
03/26/2020
Emirati banks offer 98% of services to customers electronically
Enabling them to achieve their transactions safely online
03/26/2020
Jordan finance minister says IMF approves $1.3bn reform program
Officials are worried the crisis that has hit the thriving tourist sector, which generates around $5bn annually, will slash growth projections and deepen an economic downturn
03/26/2020
Abu Dhabi banks announce 17 financial initiatives for the community and businesses
The measures include 10 banking-related initiatives specifically for individuals, and seven financial initiatives for SMEs.
03/26/2020
Qatar banks to delay loan installments for six months for virus-hit sectors-central bank
The bank also cancelled fees on points of sale transactions and ATM withdrawals, it said.
03/26/2020
Gulf countries pledge over $120bn stimulus to combat corona fallout
Analysts have praised the speed and depth of commitment by central banks and governments across the world in responding to the virus.
03/26/2020
COVID-19: UAE Central Bank directs banks to replenish ATMs with new banknotes, disposable gloves
The move is in line with the efforts to prevent the spread of coronavirus
03/25/2020
Lebanon facing tough debt restructuring, but bonds cheap:Morgan Stanley
Lebanon suspended payments on all $31.3b of its international ‘eurobonds’ this month
03/25/2020
Ebdaa Bank launches remote work system
The bank also announced that women employees will be granted additional benefits
03/24/2020
Detained in Dubai calls upon Gulf States to release expat detainees at risk of Coronavirus
Both countries risk potential exposure from significant Iranian populations and trade.
03/24/2020
Lebanon to stop paying all dollar Eurobonds -finance ministry
The heavily indebted state had suspended this month a $1.2bln Eurobond repayment and declared it could not meet debt maturities
03/24/2020
Saudi banks to postpone repayment of loans for healthcare employees
The initiative is in recognition of their enormous efforts to safeguard health of citizen, residents
03/24/2020
Annual General Meeting of Al Baraka Banking Group Approves Cash Dividend Payouts of US$ 24.9 million to Shareholders
Al Baraka Banking Group B.S.C held its Ordinary General Meeting on 23 March 2020 at Al Baraka headquarters in Bahrain Bay, Manama, in the Shaikh Saleh Kamel Hall, by a quorum of 82.78% .