Emirati and Israeli bosses cannot wait to do business
Israel and the United Arab Emirates (UAE) have maintained unofficial relations for a while, despite a half-century boycott in much…
Regulation, Risk & Compliance
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Qatar Labour Law and immigration: recent reforms
With diplomatic relations between Qatar and other countries in the Middle East improving, it is likely that there will be…
Burgan Bank Intends to Redeem KD100 Million, Subordinated Tier 2 Bonds Issued in 2016
Kuwait’s second largest conventional bank by asset size – successfully placed US$500 million Subordinated Tier 2 Capital Securities in the…
Saudi Arabia names Fahad al-Mubarak as new central bank governor
Saudi Arabia's king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions…
Borrowers from ODB benefit from loan deferment
A total of 2,800 borrowers from Oman Development Bank (ODB) benefited from loan deferment and more than 8,000 emergency loans…
UAE conducts cyberattack simulation on banking sector
The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against…
First Abu Dhabi Bank receives Oman CMA custody licence
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s biggest financial institutions, announced that it…
Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA
The Central Bank of Bahrain (CBB) has issued the soon-to-launch cryptocurrency exchange, CoinMENA, with a “Crypto Asset Services Company License…
Venture Studios: The new greenfield for scaling start-ups?
A majority of startups fail, pushing governments, sectors and companies to seek solutions for a better success rate. Against this…
Ahli Bank, Oman, is SunTec’s 50th customer for its Indirect Taxation Solution
SunTec’s GCC VAT compliance solution to help Ahli Bank automate end-to-end VAT compliance process, manage regulatory changes, and seamlessly integrate…
Kuwait ministry to discuss imposing 1% tax on remittances
The Legislative Committee will take up a number of issues and discuss them on Monday from these the most prominent…
Beware: You can be guilty of money laundering if you do this in the UAE
The UAE Public Prosecution on Friday issued a clarification on money laundering, saying any person having the knowledge that any…