Saudi asset management industry resilient in 2021: KPMG
Saudi Arabia’s asset management industry looks resilient in 2021, according to global audit, tax and advisory firm KPMG, with official…
Regulation, Risk & Compliance
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Qatar banks headed for more mergers
Qatar's overbanked system could see more consolidation triggered by pressure on banks' profitability from the coronavirus pandemic according to Fitch…
Data will pave way for sustainable smart cities
Data-powered insights are the key to delivering resilient infrastructure that will shape a more sustainable future for smart cities, experts…
Yemen government appoints Ernst & Young to audit central bank – statement
Yemen’s government has appointed Ernst & Young to audit its central bank accounts, a statement from the prime minister’s office…
Palestine’s Central Bank Governor Quits on a High Note
Azzam Shawwa served as governor of the Palestine Monetary Authority, the central bank of the Palestinian Authority, from November 2015…
Banks in Lebanon may seek more time to raise capital, repatriate funds from abroad
Many Lebanese banks are likely to ask Central Bank Governor Riad Salameh to extend the February deadline to comply with…
The Arab Monetary Fund holds a virtual workshop on the US Dollar inclusion in Buna
The Arab Monetary Fund holds on Thursday February 4, 2021 a workshop to shed light on different elements related to…
CEO at UAE's construction giant Arabtec makes an exit
The UAE's biggest construction company, Arabtec, has let go of its CEO - Wail Farsakh. The company is currently in…
Job loss protection schemes being dropped by some UAE insurers, credit card issuers
Insurers, especially those offering life cover, and credit card issuers in the UAE are slowly dropping the ‘job loss protection’…
Law firm praises Saudi Arabia tax amnesty extension
A senior tax lawyer has praised Saudi Arabia’s decision to extend the tax amnesty for international companies to June 30.…
Saudi Arabia selected to chair key IMF committee
Maher Mouminah, the executive director representing Saudi Arabia at the International Monetary Fund, has been selected to chair the organization’s…
Kuwait taps wealth fund as cash dries up
Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash…