BAB inks deal with Kuwait Banking to boost financial collaboration
The Bahrain Association of Banks has announced the signing of a MoU with the Kuwait Banking Association at its headquarters…
Regulation, Risk & Compliance
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UAE VAT law: Six steps to deal with the ‘knew or should have known’ rule
From 1 January 2026, a major change has taken effect in the UAE VAT law: businesses can lose their right…
UAE and Bahrain central banks sign $5.4 billion currency swap deal
The Central Bank of the United Arab Emirates and the Central Bank of Bahrain have signed a currency swap agreement…
Saudi commercial registrations reach 1.89m as 71k new businesses launch in Q1
Commercial registrations in Saudi Arabia stood at approximately 1.89 million by the end of the first quarter of 2026, with…
Amid budget pressures, Nigeria moves to borrow $6 billion from Citi, Abu Dhabi Bank
The approval, granted alongside the 2026 budget, allows Africa’s largest economy to raise $5 billion from First Abu Dhabi Bank…
Qatar Central Bank issues Government Ijara Sukuk worth $800mln
Qatar Central Bank issued yesterday Government Ijara Sukuk on behalf of the Ministry of Finance with a value amounting to…
DFSA and Ministry of Economy and Tourism sign MoU
The Ministry of Economy and Tourism of the United Arab Emirates (UAE), and the Dubai Financial Services Authority (DFSA), the…
Saudi Arabia issues first Major Payment Institution licence to Lean Technologies
The Saudi Central Bank has issued its first Major Payment Institution licence for open banking services to Lean Technologies. …
Egypt's cabinet approves 2026/27 budget with $96.7bln of spending
Egypt's cabinet approved the 2026/27 budget with 5.1 trillion Egyptian pounds ($96.7 billion) of expenditure, it said on Thursday in…
No consent, no cut: The UAE salary rule employers can’t ignore
Regional tensions have sparked broader concerns across GCC states, including the UAE, about the potential economic impact. A Gulf…
Saudi: SAMA issues updated oversight framework of payment systems and their operators
The Saudi Central Bank (SAMA) has issued the updated “Oversight Framework of the Payment Systems and Their Operators,” which will…
DCD and Mbank partner to strengthen financial stability for Abu Dhabi families
In line with a series of qualitative initiatives aligned with the UAE’s Year of Family across the coming year, the…