Kuwait requests ability to withdraw from sovereign wealth fund
Kuwait's cabinet has submitted draft legislation to parliament that would allow the government to withdraw up to 5 billion dinars…
Regulation, Risk & Compliance
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Fintech Co-operation between the Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates
The Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates have jointly announced today (23 February…
Emirates NBD launches anti-phishing campaign in collaboration with Dubai Police
As part of its commitment to safe, secure banking, Emirates NBD in partnership with Dubai Police joined hands with Leo…
COVID-19 and regulatory uncertainty spur greater tax risk for organizations in 2021 and beyond, EY survey finds
- 53% of tax leaders expect heightened tax enforcement in the next three years - Transfer pricing, COVID-19 and digitization…
Coronavirus vaccine passports: What you need to know
Bahrain has launched a digital Covid-19 vaccine passport, one of the first countries to do so, the Gulf state’s media…
Much to do and learn as UAE banks take long road back to normalcy
Forced to respond to some exacting realities, banks learned valuable lessons in the early months of the pandemic. There was…
Saudi Central Bank launches instant payment system Sarie
The Saudi Central Bank launched the instant payment system Sarie, on Sunday, under the patronage of bank’s governor, Dr. Fahad…
Abu Dhabi unveils investor visa
Abu Dhabi has rolled out visas for expat professionals, students and investors in a bid to develop the emirate’s culture,…
UAE banks register $79bln investments in December 2020
The UAE banks' investments went up by 0.35% month-on-month to about AED 455.8 billion by the end of December 2020,…
HSBC completes its Islamic trade facility in MENAT with QIB
HSBC Bank Middle East completed its Islamic Trade Facility in MENAT, valued at USD 100 million, in January 2021 with…
Ecommerce's growth potential cannot fall victim to cyber crimes
The threat of cyber-attacks is one now being taken seriously by the financial sector and fintech executives in the Middle…
Revealed: Arbuthnot shuts Dubai office as managing director exits
Arbuthnot Latham is to shut its Dubai office at the end of May, less than a decade after launch, Wealth…