Global payments platform Adyen selects DIFC for its regional headquarters
DIFC selected as Adyen’s regional headquarters to serve the Middle East Adyen has a market capitalisation of €66.4 billion and…
Regulation, Risk & Compliance
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CMA approves subscription results of Oman REIT Fund
The Capital Market Authority (CMA) announced the approval of the results of subscription of Oman REIT Fund. Nearly 49,943,500 units…
Bahrain's Bank ABC focuses on fees, eyes new markets for digital bank
Gulf banks face a tough year and the pandemic is spurring lenders to introduce digital services more rapidly, a top…
UAE banks returned $3.94bln received from Central Bank's $13.61bln TESS
UAE national banks have returned around AED14.47 billion from the stimulus they had received since March 2020 from the Central…
Economic, commercial activities in UAE continue positive run in first half of February
Economic and commercial activities in the UAE continued their positive run in the first half of February 2021, reflecting the…
Leading restructuring consulting firms ramping up in Gulf
Specialist restructuring consulting firms are currently beefing up their numbers in the Middle East – in anticipation of widespread business…
KPMG: Mergers & acquisitions to gain pace in Insurance Sector in 2021
Saudi Arabia’s insurance industry closed the financial year 2020 on a high note, as a result of the cumulation of…
Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector and Islamic Development Bank
H. E. Dr Bandar Hajjar, the President of the Islamic Development Bank Group and Mr. Ayman Amin Sejiny, the CEO…
Global firms without headquarters in Saudi 'will have to make a choice' to land government contracts in 2024: finmin
International companies that want to participate in the Saudi government's investment opportunities "will have to make a choice" and establish…
As Lebanon's banks struggle to raise capital, a deadline looms
Paralysed by financial crisis and riven with political risk, a number of Lebanon's banks are struggling to meet a central…
Saudi Arabia To Stop Signing Contracts With Companies Not Having Local Presence From 2024
The government of Saudi Arabia intends to stop signing contracts with foreign companies and commercial institutions with regional headquarters outside…
Kuwait SME Fund Asked To Support Suspended Business Activities
The Kuwaiti cabinet on Monday has asked the National Fund for Small and Medium Enterprises (SME) to form mechanisms that…