Syria devalues currency as new US sanctions hit
Syria's central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as…
Regulation, Risk & Compliance
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UAE Central Bank’s TESS liquidity scheme availed by 26 banks
In the aftermath of the Covid-19 pandemic, a total of 26 banks availed the Targeted Economic Support Scheme (TESS) liquidity…
Updated transfer pricing guidelines in Saudi Arabia
Saudi Arabia’s General Authority of Zakat and Tax on June 1 issued updated transfer pricing guidelines, providing clarification in several…
Kuwaiti accomplice of Malaysia fugitive in 1MBD scandal is founder of New York firm
A young Kuwaiti man, the partner of the fugitive Malaysian financier Jho Low and prime suspect in the Malaysian Fund…
Banking sector to see upward trajectory in H2
The banking sector in the UAE is expected to show economic recovery in the second half of this year, the…
IMF gloom deepens over global outlook
The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020 and…
Lebanon struggles to take first steps out of deep financial crisis
Lebanon is struggling to take the first steps out of a deep financial crisis, with hopes of reforms getting under…
Covid-19 and Qatar: a lasting shift to virtual customer engagement?
From the health sector to finance, education and retail, Covid-19 has sparked widespread digital adoption in Qatar as the threat…
Abu Dhabi's ADQ in talks for bank debt – sources
Abu Dhabi’s ADQ, a state-owned holding company, is in talks with banks for bank debt financing, two sources said. …
59% of UAE advice firms struggle to recruit
The is a huge number of expat advisers in the Middle East, especially in the UAE. But the covid-19…
Dubai Economy, CBD offer banking services for traders
Dubai Economy and Commercial Bank of Dubai have joined hands to provide exclusive banking services for DED Trader licence holders.…
Turkey's Erdogan says Islamic economy can pull world 'out of crisis'
Turkey's President Recep Tayyip Erdogan on Sunday said Islamic economic system is the key to "getting out of crisis" as…