Central Bank of Kuwait reports BoP surplus of KD 821.2 mln. in '19
The Central Bank of Kuwait said Monday the balance of payments (BoP) registered a surplus of KD 821.2 million (nearly…
Regulation, Risk & Compliance
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The PraxisIFM Group has announced a number of senior appointments in the Middle East.
As the ADGM’s first licensed and regulated trust company, PraxisIFM provides a wide range of tailored services to private individuals,…
World's Best Islamic Financial Institutions 2020: Fair Winds Before The Storm
Islamic financial institutions (IFIs) enjoyed good earnings results in 2019 across the main geographical regions of the Middle East, Africa…
Lothian Pension Fund urged to divest from Bank Hapoalim
The Lothian Pension Fund (LPF) has been urged to divest from Bank Hapoalim after its recent inclusion on the UN…
Dubai businesses ask for more state help to survive coronavirus
Dubai’s private sector has proposed government interventions including state subsidised loans, assistance in covering salaries and lower taxes, to help…
Pandemic shock leads to ‘overhaul’ of Saudi finances
The full scale of the economic shock from the coronavirus pandemic has been revealed in radical measures taken by Saudi…
IMF approves $2.77 bn in emergency pandemic aid for Egypt
The International Monetary Fund on Monday said its executive board approved $2.77 billion in emergency financing to help Egypt grapple…
DFSA takes regulatory action against two firms and three individuals
Dubai Financial Services Authority, the regulator of Dubai International Financial Centre , is to impose fines on two firms and…
Bin Aweidha confirms to Banking Day that World Investments plans to go ahead with Xinja funding
A prominent Dubai-based lawyer has a good rule of thumb for gauging the importance of myriad minor royals in the…
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab…
UAE not to hike VAT rates and follow Saudi move
The UAE has no plans to increase its VAT (value-added tax) rate, according to Younis Haji Al Khouri, under-secretary in…
COVID-19: Saudi governorate put under total lockdown
Saudi authorities announced Tuesday imposing a 24-hour curfew in the governorate of Beesh in the south-western region of Jizan until…