COVID-19 relief: Saudi Arabia allows businesses to delay loan payments for a year
Saudi Arabia will put off private sector loan payments for a year to reduce the impact on businesses from the…
Regulation, Risk & Compliance
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Banks’ profitability not hit by CBB Covid-19 measures
Measures announced by the Central Bank of Bahrain (CBB) to mitigate the financial impact of Covid-19 on companies and individuals…
Turkey moving forward to broaden its Islamic finance base
The Covid-19 pandemic has led to a situation in Turkey which prompted economists and financial experts to think about the…
Wealth planning in the UAE: trust or foundation?
Foundations are established in the UAE to provide families with a local solution to managing their wealth, protecting their assets…
Maktoum bin Mohammed issues Decision appointing DFSA Board
Saeb Eigner reappointed as Chairman of Board; Fadel Al Ali appointed as Deputy Chairman His Highness Sheikh Maktoum bin…
Dubai announces new economic stimulus package worth Dhs1.5 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency
Mohammed bin Talal Al-Nahhas has been the governor of the Saudi Public Pension Agency since Aug. 2016. He played…
Turkey Revokes Experience Requirement for Central Bank Deputy Governor
Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that…
Jordan presses sweeping tax evasion crackdown to aid ailing economy
Jordan’s Prime Minister Omar al-Razzaz promised on Sunday to deepen a crackdown on tax evasion that officials say has deprived…
Offshore jurisdictions can soothe investor concerns
Investors have been looking for jurisdictions that can offer stability without regulatory, legal or economic surprises. Research by Jersey…
Emirates NBD’s capital issuance creates more buffer against impairments
Emirates NBD’s recent issuance of $750 million Additional Tier 1 (AT1) capital will boost its buffer against a potential surge…
Think tank skewers Dubai as hub for ‘dirty money’
US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…