Turkey hikes main interest rate to 19% to counter inflation and weak lira
Turkey’s central bank on Thursday sharply hiked its main interest rate to 19 percent to counter rising inflation and the…
Regulation, Risk & Compliance
8932 articles found
Turkish Central Bank's rate hike surprises, pleases economists
Both foreign and domestic economists in Turkey have applauded what they said was an unexpected rate hike by the country's…
A fundamental change to doing business in the UAE: The new Economic Substance Regulations (ESRs)
The ESRs take aim at "light footprint" presences in the UAE taking advantage of the jurisdiction's lack of taxation, with…
UAE tourism seen as top play by Bank of America as global travel resumes
The UAE could be one of the biggest beneficiaries from a resumption of global travel in the second half of…
UAE central bank issues new rules for payments systems in country, settling dirhams overseas
The Central Bank of the UAE has issued two new regulations that apply to payment systems operating in the country…
Saudi Arabia closes March domestic sukuk program at $2.05bn
Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the Kingdom’s sukuk, or…
Bahrain sees 140% rise in government health contracts
Bahrain’s Ministry of Health reported a 140 percent year-on-year increase in the total value of tenders awarded last year, as…
EFG Hermes Finance Signs Partnership with Universal Group to Create Bespoke E-commerce Platform
EFG Hermes has announced that its NBFI platform has signed a partnership with Universal Group to launch a bespoke e-commerce…
Anti-Money Laundering Laws and Penalties in the UAE
Following a number of suggestions made by the Financial Action Task Force, the UAE published the Federal Decree Law No.…
UAE Central Bank issues regulations on payment systems, including large-value transactions
The UAE Central Bank has issued two new regulations related to 'Large-Value Payment Systems' and 'Retail Payment Systems '. Both…
New CBUAE and Aurora50 Partnership Will Enhance Female Representation Across the UAE
The Central Bank of the UAE has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on…
Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges
Dubai Islamic Bank the largest Islamic bank in the UAE, successfully concluded its Annual General Meeting held remotely at the…