Credit Suisse losing Middle East staff over 'toxic' work culture
BRUNO Daher, Credit Suisse Group's top executive in the Middle East, had an unusual message at a May sales meeting:…
Regulation, Risk & Compliance
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Former Saudi minister to head IsDB
Saudi Arabia’s former economy and planning minister has been selected as the new head of the Islamic Development Bank for…
FTI Consulting expands merger & acquisition team with Big Four trioc
FTI Consulting has strengthened its Corporate Finance and Restructuring team in the Middle East with a trio of senior hires…
How a new way to think about ESG can create value for banks
Governments around the world are rapidly evolving laws and regulations to stimulate the adoption of environmental, social and governance (ESG)…
Govt obtains 34pc more foreign loans in FY21
Despite healthy remittances and higher exports, Pakistan borrowed about $14.3 billion to build foreign exchange reserves in recently concluded fiscal…
Crypto in the UAE: TRES Was Approved by DMCC for OTC Trade License to Operate With Cryptocurrency
Back in 2020, at the Davos Summit, the DMCC (UAE Free Economic Zone) announced a strategic partnership with CV VC…
Licencing regime introduced for UAE’s retail payments service providers
The Central Bank of the UAE on Saturday unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation…
Dubai’s Mashreqbank applied for Saudi banking license
Mashreqbank has applied for a banking license in Saudi Arabia and is seeking to enter the Omani market, Ahmed Abdelaal,…
Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment
Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing…
The evolving and complex tax landscape: transformation and risk mitigation in the new reality
The tax ecosystem of the GCC countries was once considered quite simplistic. It had minimal requirements for corporates and individuals…
Carrefour and HSBC Partner to bring payment instalment plan to customers
Carrefour has announced a partnership with HSBC Bahrain to offer customers a 3 to 12-month HSBC Flexi Instalment Plan on…
Dubai regulator fines former Abraaj finance chief $1.7 million
A Dubai regulator has fined the former chief financial officer of collapsed Dubai-based private equity company Abraaj Group and banned…