Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say
Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as…
Regulation, Risk & Compliance
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IMF eases back on forecasts for Saudi Arabia's economic slump
The Gulf's largest economy will contract sharply this year due to the impact of the coronavirus pandemic but the extent…
Central Bank of Egypt sets up EgyCash company for money transfers
The Central Bank of Egypt has announced the establishment of the company EgyCash company for technological solutions for monetary dealing.…
OECD drafts principles for $100bn global corporate tax revolution
The world’s rich nations have drafted a set of technical principles which would revolutionise the corporate taxation of multinational companies…
Apex Group Launches Compliance Solutions in the Abu Dhabi Global Market (ADGM), UAE
Apex Group has announces the launch of its Compliance Solutions business in the Abu Dhabi Global Market. This will…
UAE Federal tax Authority introduces new version of eDirham
The Federal TAX Authority, FTA, has completed its preparations to join the Third Generation of the UAE’s eDirham system, which…
Qatar's economic fundamentals show country 'primed' for future growth: HSBC regional chief
Qatar's economic fundamentals highlight the fact that it is a country primed for growth in the years ahead, says Martin…
UAE approves new law regulating wealth management sector
The UAE Cabinet approved a new law regulating the country’s growing wealth management sector, which aims to further support the…
PwC to offer solution for DIFC data law compliance
PwC Middle East has launched an innovative online solution to help organisations comply with the recently announced Dubai International Financial…
The Egyptian Central Bank establishes a company to transfer funds and…
The Central Bank of Egypt announced the establishment and launch of the “EgyCash Technology Solutions for Cash Transactions”, which specializes…
Developing an educational platform for banking in “Abu Dhabi Global”
The Human Resources Authority of the Emirate of Abu Dhabi, the Abu Dhabi Global Market Academy and Abu Dhabi Commercial…
Turkey’s Central Bank raises lira swap rate
Turkey’s Central Bank increased the Turkish lira interest rate for swap transactions by 150 basis points on Friday, Anadolu Agency…