Saudi Central Bank extends loan deferral programme
The Saudi Central Bank extended its loan deferral programme until the end of the first quarter of 2021 to help…
Regulation, Risk & Compliance
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Al Baraka Banking Group EGM approves initiation of the license conversion of its Bahrain-based parent company
Al Baraka Banking Group B.S.C., has successfully concluded an Extraordinary General Meeting of its shareholders, which approved the recommendation of…
Egypt finance minister says expects disbursal of $1.6bn of IMF funding by December-end
Egypt expects to receive a $1.6 billion disbursal from the International Monetary Fund by the end of December, Finance Minister…
PwC helps Saudi government with water privatisation initiative
PwC has helped the Saudi government create a privatised and digitalised water transmission entity – WTTCO – in a move…
Gulf regulators must clarify their cross-border responsibilities
In the past three years, some of the Gulf’s leading companies, including Abraaj, Drake & Scull, Arabtec, Al Mojel, and…
Financing agreement between the Islamic Corporation for the Development of the Private Sector and CBI – Burkina Faso
The Islamic Corporation for the Development of the Private sector, the private sector arm of the Islamic Development Bank, and…
UAE foreign ownership and investment laws reformed
An increase in foreign investment to the UAE will follow from reforms announced to company ownership laws, Middle East experts…
Online portal for UAE economic substance regulation notifications to go live
The United Arab Emirates (UAE) authorities have confirmed that notifications and annual reports due under its new Economic Substance Regulations…
New Research: Over 40% of Companies in MENA Facing Regulatory Investigations Due to Poor Integration of Technology
A landmark survey of more than 1500 compliance leaders around the world including 300 in the Middle East and North…
RAK Finance Department, Emirates Auction strengthen cooperation in organizing online auctions
The RAK Finance Department recently signed a partnership with the Emirates Auction, the leading company in the field of management…
Bahrain awards US $2.7 billion worth of contracts in first nine months of 2020
Continued high value of tenders in the construction sector indicative of Government focus on multi-billion dollar infrastructure project pipeline …
DIFC FinTech Hive continues to lead the innovation agenda in financial services through its latest digital cohort
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region…