UAE financial regulators need to foster innovations, says BCG
As online services witness an uptake amongst UAE customers, banking is fast becoming digital, according to BCG [Boston Consulting Group]…
Regulation, Risk & Compliance
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PwC Consulting appoints five new partners in the Middle East
PwC Consulting have appointed five partners in the United Arab Emirates, as part of a wider intake of seventeen new…
COVID-19 and tax treaties: the updated OECD guidance
The rapid spread of the COVID-19 pandemic has dramatically affected how businesses are conducted. For example, many more people work…
Druces advises on Sharia’a compliant commercial property financing
Hatstone, lawyers BVI team has advised the Bank of London and The Middle East plc (BLME) on the BVI law…
UAE Central Bank makes further headway on compliance and reducing risks
The UAE Central Bank has called on banks and financial institutions to place greater focus on compliance functions to mitigate…
EBRD shareholders approve membership of UAE
EBRD shareholders agree to UAE becoming a member of the Bank Request for membership made in 2020 Membership will open…
Saudi fintech startup secures $1.2m seed funding
A Saudi financial technology company has raised $1.2 million in seed funding. Hakbah’s success comes six months after the…
Saudi Arabia raises $5.5bln via dual-tranche bonds
Saudi Arabia launched $5.5 billion in a dual-tranche bond sale on Tuesday with tenors of 12 and 40 years, a…
Egypt inflation hits 15-year low
Egypt’s inflation rate of 5 percent in 2020 was its lowest for 15 years, according to a Cabinet report, which…
Riyadh investment forum sends ‘message of optimism’ with global linkup
Olympic medalists, political leaders, Nobel laureates and global CEOs are among speakers due to take part in the fourth edition…
CBO issues treasury bills worth OMR76 million
Oman’s central bank raised OMR76 million by way of allotting treasury bills on Tuesday. The treasury bills are for…
Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange
Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the…