02/24/2020
Kuwait's central bank will be tasked with forming the inspection body and dictating the nature of its operations, a role previously occupied by the Ministry of Awqaf and Islamic Affairs, it added.
02/24/2020
This enriches the work environment and helps provide the opportunity to Kuwaiti skilled employees to assume the responsibility of development, progress and prosperity.”
02/24/2020
The UAE central bank also said Saturday it is encouraging “Emiratisation” in the banking sector - hiring of UAE citizens - obliging banks to have 40% Emirati citizens in the workforce within 3 years.
02/24/2020
Morocco is one of the main beneficiaries of AfDB's funding, with a cumulative commitment of more than 10 billion dollars.
02/24/2020
The International Monetary Fund said in January it expects the Saudi economy to expand 1.9% this year, up from an estimated 0.4% in 2019.
02/21/2020
More than 100 citizenship and residency by investment programmes are currently on offer
02/21/2020
Dubai Economy and Emirates NBD are founding members of the consortium
02/21/2020
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
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
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
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
The move is aimed to limit risks from property slump
02/19/2020
Dr Morsy has brought a wealth of international experience to the African Development Bank.
02/19/2020
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
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
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
It’s a shift that forward-thinking governments in the region are proactively fostering.
02/18/2020
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 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
The platform’s flexibility enables the speedy launch of new products and services while its high level of automation significantly enhances customer service levels.