UAE’s Virtuzone launches free online marketplace for SMEs
UAE-based company setup firm Virtuzone has launched a new listings site, standtogether.ae, to support the SME community in the current…
Regulation, Risk & Compliance
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Expired Emirates IDs will be valid for banking transactions in the UAE
The UAE Central Bank has instructed all banks in the country to consider expats’ visas and Emirates ID expired between…
Bahrain follows Saudi Arabia, Oman with budget cuts amid crisis
Bahrain became the latest nation in the oil-rich Gulf to announce drastic spending cuts, an effort to stretch the budget…
Deadline for submitting VAT returns extended in UAE
The Federal Tax Authority on Tuesday issued a directive on an exceptional basis providing an alternative date of May 28,…
DFSA welcomes Regulatory Sandbox applications for its 2020 Summer Cohort
DFSA supports the future of finance through innovation and Dubai’s SMART Initiatives The Dubai Financial Services Authority invites applications from…
Oman Arab Bank gets regulatory nod for Alizz bank merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the…
Aldar teams up with banks to offer low interest rate home finance
Aldar Properties is partnering with banks in Abu Dhabi to offer home finance at low interest rates at some of…
Newcastle owner Mike Ashley to bank £17m even if Saudi-funded takeover collapses
Newcastle United owner Mike Ashley could earn up to a staggering £17m even if the proposed sale to a Saudi…
UAE employers reminded of insurance obligations during Covid-19
Patients require medical insurance to receive care across government and private hospitals and health centres UAE employers reminded of…
CBK tells lenders to postpone customer dues
The Central Bank of Kuwait on Sunday instructed banks to postpone amounts due from coronavirus affected customers for six months…
UAE borrows $7bn to counter slumping oil prices
The Emirate of Abu Dhabi has priced a $7 billion multi-tranche international bond offering as an integral component of its…
FAB, Etisalat Digital launch fully contactless digital invoicing solution for SME merchants
First Abu Dhabi Bank, FAB, has partnered with Etisalat Digital to launch a digital invoicing solution that caters to the…