Turkey’s tumbling lira tests Erdogan’s rate resolve
Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdogan hired him to…
Regulation, Risk & Compliance
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Dubai court tells bank to pay customer Dh4.6 million after his account got hacked
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai…
CBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
The Central Bank of the UAE has signed an agreement with the Arab Monetary Fund to include the UAE Dirham…
United Arab Emirates: Economic substance considerations for reporting purposes
The economic substance (ES) regulations in the United Arab Emirates (UAE) require that “licensees” (e.g., resident entities licensed to carry…
Bahrain’s banks must help finance economic recovery
Banks in Bahrain must play a major role in helping the national economy recover from the global Coronavirus (COVID-19) outbreak…
Moody's – Decline in sukuk issuance to be limited by GCC financing needs
Moody's expects sukuk issuance to modestly decline by 5% this year to about $170 billion on the coronavirus crisis Gulf…
Trusts and Shari’a compliance
Over the next 10 years, more than $15 trillion is expected to be passed down to the younger generation. Succession…
Abu Dhabi And Dubai Launch New Initiatives In A Bid To Reshape The UAE Economy
As the UAE moves to simplify doing business in the country, the Abu Dhabi Department of Economic Development on Tuesday…
Lebanon's banking, economic and political systems were already under threat before the explosion. Here's why
The massive blast that hit Lebanon's capital on Tuesday has delivered yet another devastating blow to a country already rocked…
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe,…
Dubai launches economic program for post-COVID recovery
Dubai has launched an economic program as part of its efforts to reshape the emirate’s economy and try to assure…
Startupbootcamp Continues to Support the Middle East and Africa Tech Ecosystem
Founded in 2010 in Copenhagen, Denmark, Startupbootcamp supports early-stage tech founders to rapidly scale their companies by providing direct access…