09/11/2017
TSYS Signs PRIME Agreement with Mashreq Bank in Dubai
Award-winning bank to license TSYS’ PRIME for multi-country issuing and acquiring
Legal, Tax, Regulation & Compliance
09/11/2017
CBB hosts SWIFT users security workshop
The Central Bank of Bahrain has organised a workshop for the Kingdom of Bahrain’s SWIFT User Group community on its Customer Security Programme.
09/10/2017
Bahrain introduces mandatory IESCA
The module discusses the authority vested in the SSB and ensures their independence through various measures.
09/10/2017
7.5% average annual growth for Bahrain's non-oil sector since EDB's inception in 2001
The presentation also covered EDB-led initiatives in collaboration with the private sector, which aim to bolster sustainable economic growth and increase direct investments.
09/10/2017
Pearl Initiative launches program to boost SME resilience in GCC region
As part of the program’s first phase, the Pearl Initiative rolled out a GCC-wide survey via public opinion portal YouGov.
09/09/2017
Doha's efforts to diversify economy are bearing fruits
The IMF said Qatar's banking sector remains sound, after the central bank injected liquidity to mitigate the impact of withdrawals of deposits after the diplomatic rift with its GCC and Arab neighbours erupted in early June.
09/08/2017
U.S. charges ex-Turkey minister with sanctions evasion
A wealthy Turkish-Iranian gold trader who was arrested in the United States over sanctions evasion last year.
09/08/2017
Apex Fund Services secures ADGM licence
We welcome more leading firms and fund administrators like Apex Funds Services to add to the vibrancy of our financial ecosystem and accelerate the funds activities at ADGM and wider region.
09/07/2017
Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.
09/07/2017
Turkish banks’ first-half net profit rises
Their net profit was 22.8 billion liras a year earlier.
09/05/2017
Isle of Man firm to launch $325mln Dubai property priced in bitcoin
The Dubai project is one step toward efforts to push bitcoin into the mainstream.
09/04/2017
DGCX sees surge in Euro and Rupee contract trades in August
Derivatives exchange working on Shariah-compliant spot gold contract
09/04/2017
Diezani, ex-minister, son, others top Dubai assets list
The Economic and Financial Crimes Commission has traced eight choice assets to Mrs. Ibru and two to the ex-Petroleum Minister.
09/04/2017
Germany plans to file lawsuit against Kuwait on tax evasion
The hospitals in Germany have explained to Kuwait that they had nothing to do with the excess amount.
09/04/2017
BPL Global opens for business in Dubai
The leading credit and political risk insurance broker has obtained a brokerage license to allow it to undertake insurance intermediation in the Dubai International Financial Centre.
09/03/2017
UAE to maintain interest rates 'until 2018' - report
Central bank expected to keep 2 percent benchmark rate for rest of the year
09/03/2017
VAT could emerge a cost centre for banks irrespective of rates
In VAT exempt categories, banks will have only limited recourse to input tax refunds
09/02/2017
Economists tangle over risk of a Greek-style collapse in Turkey
As of August 11, loans had risen 13% this year to $522bn, according to Turkey’s banking regulator.
08/31/2017
UAE’s credit growth turns positive, but credit demand remains weak
Non-resident and government segment drives deposit growth
08/31/2017
IMF Expects Moderate Qatar Slowdown Due to Gulf Trade Disruption
Authorities reacted quickly to the spat with Qatar’s neighbors, limiting the fallout by finding alternative sources for imports and ensuring key infrastructure projects aren’t disrupted.