Saudi Arabia appointed chair of World Bank audit committee
Members of the World Bank Group executive board have unanimously selected Saudi representative Abdulmuhsen Al-Khalaf as chair of the group’s…
Regulation, Risk & Compliance
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Al Baraka Islamic Bank announces new scheme with over BD1 million in cash prizes
Al Baraka Islamic Bank has launched in January 2021 with prizes amounting to more than BD1,000,000 for more than 600…
Michael Bloch leaves McKinsey to launch non-profit consultancy
Having served McKinsey & Company for over two decades, senior partner Michael Bloch has retired from the partnership to co-launch…
Tax authorities should engage with businesses and their supply chains
In 2017, the Gulf Cooperation Council countries agreed and announced the first-ever Value Added Tax (VAT) framework to allow member…
Egypt aims to achieve comprehensive digital transformation of all non-banking financial activities: FRA
Financial Supervision Authority is currently aiming to achieve a comprehensive digital transformation based on the use of modern technology and…
Abu Dhabi, Aldar Properties to develop capital projects worth $12.25bln
The Abu Dhabi Executive Council has approved a framework between Abu Dhabi Government and Aldar Properties for the development of…
Ahli Bank, Oman, Becomes 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…
Walkers acts as BVI counsel to Kerogen's disposal of stake in Energean Israel Limited
Walkers (London) has acted as British Virgin Islands (BVI) law counsel to Kerogen Investments No. 38 Limited ("Kerogen"), a part…
Coinbase Invests in Middle Eastern Crypto Exchange Rain Financial
Middle East Venture Partners was the lead investor, with other participants, including Coinbase, Vision Ventures, and DIFC Fintech Fund. Rain…
Ithmaar says advisors start work on sale of Bahrain banking ops to BBK
Dubai-listed Ithmaar Holding has announced that its advisors have started preparations for the potential sale of the Bahrain operations of…
Matthew Lewis leads Russell Reynolds Associates in Dubai
Global leadership advisory and search firm Russell Reynolds Associates has installed a new leader in its Dubai office. Russell…
Kuwait's IFA Holdings to sell 17.4mln treasury shares
Kuwait’s International Financial Advisors Holding Company (IFA) is set to put millions of treasury shares up for sale. In…