Bankmed embarked on digital transformation with Acumennet
Profile Software has announced that Bankmed went live with Acumennet by Login SA, a Profile Company, as their Group wide…
Regulation, Risk & Compliance
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Chubb Arabia, Saudi AlAhli Takaful discontinue merger discussions
Chubb Arabia Cooperative Insurance Company and AlAhli Takaful Company announced they agreed to end and discontinue merger discussions. The…
Emirate of Sharjah to raise $250mln in 2029 sukuk re-opening
Sharjah, the third-largest of the United Arab Emirates, sold $250 million in a re-opening of existing sukuk due in October…
UAE’s Etihad issues $600m sustainability-linked sukuk
UAE’s Etihad Airways has issued a $600m sukuk which is linked to its carbon reduction targets. The airline has…
Oman: Amendments to income tax law announced
On 20 September 2020, the Oman government issued Royal Decree 118/2020 amending certain provisions of the income tax law. The…
Never share bank details over the phone, cops in UAE warn
Scammers are on the prowl again as another of batch of fraudulent ‘bank’ messages have circulated in recent weeks, the…
UAE Central Bank fines 2 exchange houses for violating rules
The UAE Central Bank on Monday said it imposed administrative sanctions on two exchange houses for violating rules pertaining to…
Firm hired to audit Lebanon central bank has not received all requested info – sources
Restructuring consultancy Alvarez & Marsal has yet to receive all the information it has requested to conduct a forensic audit…
DFM announces direct deal on Emirates Refreshments' shares
The Dubai Financial Market has announced a direct bulk deal on around 1.47 million shares of Emirates Refreshments Company at…
Kuwait cuts some rates to ease currency and virus pressures
Kuwait’s central bank has cut interest rates on some monetary policy instruments in an effort to ease pressure on the…
Saudi Mawani, KPMG Al Fozan sign deal to achieve financial sustainability
The Saudi Ports Authority (Mawani) and KPMG Al Fozan & Partners on Wednesday signed a contract to renew their partnership.…
After diamonds, Dubai's DMCC wants to add more precious stones to trade deal with Israel
Having signed a deal with Israel on diamonds, Dubai’s DMCC free zone is working on adding more precious stones and…