07/18/2023
UAE, Japan ink 23 agreements, MoUs during business forum
The agreements cover sectors including energy, industry, advanced technology, AI, space, health, transport, conservation and circular economy
Legal, Tax, Regulation & Compliance
07/17/2023
UAE has made significant progress in combatting financial crime - Hamid AlZaabi
We’ve improved the capacity, skills, and effectiveness of law enforcement authorities in the UAE to detect and investigate money laundering cases, the founding Director General of the Executive Office for Anti-Money Laundering and Counter Terrorism
07/14/2023
KPMG's staff in Bahrain to help groom 25 summer interns
“We truly believe that it is through the cultivation of young talent that we can build a vibrant, sustainable, and prosperous future for the Kingdom.”
07/14/2023
DIFC continues to drive action on global climate change on path to COP28
Announces Future Sustainability Forum in Dubai
07/12/2023
Baker & McKenzie consults on 40 deals this year: Executive partner
The Egyptian government announced at the end of last February its intention to offer shares in about 32 companies over the course of a full year, whether the offering will be public through the stock exchange, to a strategic investor, or both.
07/12/2023
The BIBF holds its second Board meeting of 2023
The meeting was attended by members of the Board of Directors and Executive Management, headed by the CEO Dr. Ahmed Abdul Hameed Al Shaikh, to discuss the agenda items and the institute's executive action plan
07/06/2023
The Central Bank of Bahrain signs a Memorandum of Understanding with Naisbitt King
The signed MoU aims to facilitate 3-6 month internship opportunities in the United Kingdom for employees from the Ministry of Finance and National Economy (MOFNE) and the CBB
07/05/2023
587 complaints for financial and administrative irregularities dealt with: SAI
The SAI report highlighted the outcome of various actions taken during the past year.
07/04/2023
Sharakah and Muscat Finance ink deal to drive SME growth
The deal outlines a comprehensive framework for collaboration, encompassing various key areas
07/04/2023
CBO issues financial stability indicator
The CFSI will be updated annually and made available to the public through the annually published Financial Stability Report, with the objective of enhancing transparency and ensuring that vital information reaches a wide range of stakeholders.
06/30/2023
Turkiye to boost apex bank’s foreign reserves amid lira slide
The lira fell to 26.10 against the dollar on Tuesday, surpassing last week’s all-time low of 25.74.
06/29/2023
UAE national banks provide $201bn in financing by April
The banks increased their credit balance by Dhs2.1bn or 0.3 per cent in April 2023, up from Dhs735.2bn a month earlier
06/28/2023
ING Türkiye renews $362mln syndicated loan with 112% roll-over
ING Türkiye, part of ING Group which is one of the pioneers in the field of sustainability, renewed its syndicated loan with increased number of lenders
06/28/2023
Cut loan dues to 5%: Kuwait
The five percent installment will be calculated based on the remaining salary after subtracting payments for other loans, if any
06/27/2023
CMA Signs an MoU with Astana Financial Services Authority
This MoU represents a distinctive partnership between CMA and AFSA and sets a new direction for the mutual cooperation that accomplishes an important mutual benefit in the fields of fintech, Islamic finance, asset management, capital markets and financial
06/26/2023
More than 180 expats deported for violating Labour Law
The Ministry added that the inspection campaigns resulted in arrest of 152 workers in violation of the provisions of the Labour Law, including 89 workers who left their jobs.
06/26/2023
Dr Sultan Al Jaber calls for solidarity before COP28 conference
The two-day Paris gathering aimed to overhaul the climate finance system that is targeted at countries most vulnerable to global warming
06/23/2023
Egypt's central bank keeps interest rates steady
Headline inflation surged to an annual 32.7% in May
06/23/2023
Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation
Turkish lira falls 2.5 percent to 24 to the dollar, a record low
06/23/2023
UAE central bank retains emirate’s growth forecast of 4.3% for 2024
The CBUAE said its decision to keep the 2024 growth forecast unchanged reflects the stability and adherence to the agreed-upon production levels in the oil market, contributing to a balanced and sustainable economic outlook.