05/17/2022
Tamkeen signs deal with Bahrain's BBK to support private sector
Tamkeen has signed partnership agreements with nine banks so far with the purpose of driving productivity and growth in the private sector
Legal, Tax, Regulation & Compliance
05/16/2022
QFC, Founder Institute sign MoU to boost business ecosystem
FI startups that are licensed by the QFC can benefit from 100 percent ownership, a robust legal infrastructure, and a dedicated Client Affairs team to support their business needs.
05/15/2022
UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed
The banking system remained resilient through the challenges under the wise leadership of the late UAE president
05/15/2022
Incomes, sales tax revenues up by 12% in first 4 months of 2022: Jordan
The director general noted that the increase in tax collection is attributed to the impact of reforms made by the department to address shortcomings and tax evasion
05/14/2022
Dentons advises on innovative ship finance deal
The financing is for the construction of two state-of-the-art very large gas carriers at Hyundai Heavy Industries
05/10/2022
Dubai government establishes debt management office, appoints CEO
Bankers say the move to set up a DMO will help attract debt investors like global money managers in a region where public markets dwarf equity markets.
05/10/2022
Alvarez & Marsal releases Saudi Arabia Banking Pulse for FY 2021
Strong growth in loans and advances driven by robust performance in the mortgage segment
05/06/2022
The new UAE Labour Law: what employers need to know
The law is designed to enhance employment rights
05/06/2022
Lebanon probe gets account data on central bank
The handover of complete information would mark significant progress in the investigations after months of delay.
05/06/2022
QCB revises up interest rates
All Gulf countries have their currencies pegged to the US dollar, except Kuwait, which pegs the Kuwaiti dinar to a basket of currencies that includes the dollar.
05/05/2022
UAE Central Bank raises base rate by 50 basis points
The base rate suggests the general stance of the Central Bank’s monetary policy
05/05/2022
Turkey inflation jumps to almost 70 percent in April as Erdogan accused of 'trying to re-write economics'
Turkey's annual inflation rate – the highest since Erdogan's ruling AK Party stormed to power in 2002, is largely linked to his unconventional economic thinking, analysts say.
05/05/2022
Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy
The conference - under the theme of the future of small and medium enterprises - is held in Luxor and will last for three days.
05/05/2022
CBK raises discount rate to 2.00 %
The Central Bank of Kuwait (CBK) announced Wednesday raising the discount rate from 1.75 percent to 2.00 percent effective May 5
05/04/2022
Rules on open banking are essential for KSA
Saudi Arabia is putting in place the necessary framework to accelerate the adoption of open banking.
05/04/2022
Abu Dhabi’s ADDED introduces easy payment plan for business owners
The agreement signed between ADDED and FAB, ADCB, CBD and ADIB will help credit card holders pay the charges for ADDED’s services in installments
05/04/2022
PwC Consulting partners with Sova to deepen talent offering
Launched in 2015, venture capital-backed (Series A of $9 million) Sova helps organisations with two main activities along the recruitment process.
05/03/2022
UAE-India trade deal is new phase of globalisation
Two countries coming together for their mutual economic interests during a crisis and doing what is best for them opens a new world of possibilities
05/03/2022
Bahrain issues crowdfunding regulations to open up new financing avenues
Move comes after comprehensive review of existing rules by the central bank
05/03/2022
The new UAE Labour Law: what employers need to know
The law is designed to enhance employment rights