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.
Legal, Tax, Regulation & Compliance
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.
02/14/2020
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Billions of dollars were funneled through Future Bank, which was controlled by Iran’s Bank Saderat and Bank Melli
02/14/2020
Kuwait banks can withstand challenges – CBK confident
The banking sector, based on CBK’s policies, continues its service of the national economy with high efficiency,” to ultimately contribute to addressing the state budget deficit.
02/14/2020
Kuwaitis, expats borrowed 1.57 billion dinars in 2019
Credit by Kuwaiti banks witness 4.3% jump
02/14/2020
Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
The defendants are charged with multiple offences under Bahrain’s anti-money laundering and banking laws, the state Bahrain News Agency reported.
02/13/2020
Discover Increases Acceptance in Oman
National Bank of Oman Helps Grow Discover Global Network Acceptance at Key Merchants
02/13/2020
Bahrain Bourse issues resolution to list T-Bills and sukuk
According to the resolution, 58 Treasury Bills and 10 short-term Islamic lease sukuk issues will be listed during the year 2020 unless stated otherwise
02/13/2020
Deloitte Showcases Latest In AI Technology In Dubai
The Experience Analytics is a full day highly immersive event, and guests had the opportunity to experience the latest innovations, assets, and insights.