Egypt and Italy discuss third phase of debt swap program
Egypt and Italy discussed the third phase of a debt swap program and the projects implemented within its framework, as…
Regulation, Risk & Compliance
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Supporting fintech: UAE Central Bank issues new regulation on stored value facilities
The Central Bank of the UAE has issued a new regulation on Stored Value Facilities to ensure that SVFs and…
Qatar, Kazakhstan to boost trade ties
Minister of Commerce and Industry, H E Ali bin Ahmed Al Kuwari, received yesterday, in his office Kazakhstan’s Minister of…
GCC governments can save billions if they adopt AI
The art of artificial intelligence (AI) could help optimise a variety of government functions in the Middle East, generating economic…
CBO issues treasury bills worth OMR71 million
Oman’s central bank raised OMR71 million by way of allotting treasury bills on Tuesday. The treasury bills are for…
DFSA enforcement action against Al Masah upheld
The Financial Markets Tribunal (FMT), a specialist independent tribunal, has affirmed a decision by the Dubai Financial Services Authority (DFSA)…
UAE central bank issues new rules backing FinTech firms
The Central Bank of the UAE has issued a new regulation on stored value facilities (SVF) in an effort to…
Oman to introduce income-tax on wealthy individuals
None of the seven Gulf Cooperation Council states, all oil producers, currently collect income tax from individuals. Oman's Sultan Haitham,…
QFC announces new regulations for operating rep office in Qatar
The Qatar Financial Centre, a leading onshore financial and business centre in the region, has announced new regulations for operating…
Dubai's Shuaa Capital pays off 2017 $100mln bond
SHUAA Capital today announced that it has paid in full the US$100 million bond issued in November 2017 by ADFG…
Abu Dhabi Global Market Partners With Companies House Gibraltar
Abu Dhabi Global Market signed a Statement of Co-operation (SoC) with Companies House Gibraltar on 19 October 2020. It is…
EBRD grants Banque du Caire $50m loan to support MSMEs
The European Bank for Reconstruction and Development has granted Banque du Caire a senior loan of up to $50m for…