Turkey authorizes banks to issue dollar-denominated sukuk
Turkey’s Treasury and Finance Ministry announced Tuesday that it is authorizing banks to issue dollar-denominated sukuk, its first dollar bond…
Regulation, Risk & Compliance
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Corporate Tax in UAE
Very rarely one gets to witness an actual “paradigm shift”. For tax professionals, otherwise used to frequent tax reforms, to…
ADQ gets licence to set up digital banking platform
ADQ, an Abu Dhabi-based investment and holding company, has announced the Central Bank of the UAE has granted an in-principle…
Masterplan approved for Bahrain’s ‘green city’ Bilaj Al Jazayer
The real estate arm of Bahrain Mumtalakat Holding Company (Mumtalakat), the country’s sovereign wealth fund, has announced that the masterplan…
UAE bank Mashreq to use Israeli financial crime detection tool
Emirati bank Mashreq (MASB.DU) will use a transaction monitoring tool for correspondent banking developed by Israeli cyber security firm ThetaRay…
As SNB celebrates merger, some clients struggled to find their way
It took only 15 months for National Commercial Bank and Samba Financial Group to complete the fastest and largest merger…
EBRD approves new country strategy for Egypt
The Board of Directors of the European Bank for Reconstruction and Development has approved its country strategy for Egypt, which…
UAE Tax issues affecting international clients
The United Arab Emirates has announced that it will introduce a new 9% corporate tax rate for businesses with taxable…
The Future of Money: Gearing up for Central Bank Digital Currency
Ladies and gentlemen, friends, Let me start by thanking the Atlantic Council for providing a fitting venue to discuss…
CBB issues amendments to directives on financing firms in Bahrain
Online platforms that provide ‘Buy Now, Pay Later’ short-term financing have got an entry into the kingdom with the Central…
Abu Dhabi authority enhances regulatory framework to broaden participation in private capital markets
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has updated its regulatory framework to enable and…
Central Bank of Bahrain issues new amendments
The Central Bank of Bahrain (“the CBB”) issued today amendments to the CBB Rulebook Volume 5 (Type 3: Financing Companies),…