11/22/2016
Sri Lanka woos Qatari investors
During a forum facilitated by the Doha Bank the delegation showcased Sri Lanka's different sectors as potential investment opportunities.
Legal, Tax, Regulation & Compliance
11/21/2016
Central Bank of Bahrain could issue ban on additional fees for credit card owners
The law would authorise the bank to implement regulations that protect customers of financial institutions
11/21/2016
Cyber protection focus of Qatar Central Bank governor's speech
The need stems from the alarming fact that cybercrime is now the Middle East’s second most popular economic crime.
11/21/2016
Oman launches debit card e-payment gateway project
OmanNet Debit Card E-Payment Gateway infrastructure provides safe and secure e-commerce transactions
11/21/2016
Chinese banks active in UAE to spur regional growth
Statistics show trade between the UAE and China is expected to hit 60 billion U.S. dollars by the end of 2016
11/18/2016
Kuwait: IMF calls for more critical reforms
The situation forced it to introduce the liberalization of diesel and kerosene prices while increasing energy prices and water.
11/18/2016
Man Group closes Dubai office, to serve Middle East from UK
The company said it would also be withdrawing its licence from Dubai Financial Services Authority.
11/17/2016
Iran official sees no long-term negative impact from Trump election
The administration will come to the point that they have to honor the JCPOA and that’s the only right way forward.
11/16/2016
Saudi Oger said near $1.1b deal to sell Arab Bank stake
A sale of the stake in Arab Bank, Jordan’s largest lender, will help Saudi Oger repay some of its debts, according to sources
11/16/2016
Dubai ruler issues decree on mortgaging granted lands in the emirate
According to the Decree, the Dubai Land Department will not register any mortgage unless all these conditions are satisfied.
11/16/2016
Dubai's Shuaa says gets regulatory approval for ADFG to buy stake
Alternative investment firm ADFG agreed in June to acquire the stake from Dubai Banking Group, a subsidiary of Dubai Group.
11/16/2016
Saudi Arabia is wrestling down money rates, central bank says
The central bank launched seven, 28 and 90 day repurchase agreements that it could use to supply banks with funds
11/15/2016
Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai
Trade between the UAE and China reached 54.8 billion US dollars in 2015, a 16% annual increase over the previous six years
11/15/2016
Saudi central bank: hopes money rates to keep falling, not worried by U.S.
Saudi authorities have made no new decisions about the investments, he said.
11/15/2016
Saudi 'comfortable' with foreign reserves level: central ban
The world's biggest oil exporter, in its budget released last December, projected a deficit of $87 billion this year.
11/14/2016
UAE employee’s unlimited contract not subject to penalty
AB is not liable to pay her employer anything if she leaves as it is their responsibility to pay for all costs, including her flight to the UAE and any agent or visa fees
11/14/2016
Payments evolution in the Middle East
Creation of digital finance ecosystems is a necessary facilitate long-term changes in the economy
11/14/2016
Brooks Macdonald signs deal with Dubai-based Abacus
The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.
11/14/2016
Turkish central bank fixes interest rate on reserves in bid to boost lending
The rate varied from 300 to 500 basis points less than the average cost of funding, based on the volume of loans.
11/14/2016
Painful reforms seen stabilising Egypt’s public finance
The IMF’s Extended Fund Facility will ease Egypts’ near term foreign exchange requirements