Omani banks to freeze personal loans repayment for three months – state news agency
Oman's central bank has asked banks and financial institutions to freeze repayments of personal and housing loans for three months…
Regulation, Risk & Compliance
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Dubai regulator fines firm $600,000 for illegal activities
Serious and deliberate wrongdoing breached the prohibition against providing money services in or from the DIFC Firm’s activities increased risks…
Saudi Arabia and Qatar’s proxy war spills into Premier League
The proxy war between Saudi Arabia and Qatar has spilled over into England’s Premier League, with a Qatari broadcast company…
German companies optimistic about investment in Saudi Arabia
The year 2020 will always be associated with the coronavirus. The effect on the worldwide economy is currently difficult to…
Turkish government targets private banks during pandemic
The Turkish government's struggle to mitigate the economic damage from the COVID-19 outbreak has failed. It has now adopted a…
World FinTech Report 2020
Capgemini and Efma has published the World FinTech Report 2020 revealing that despite a widening gulf between traditional banks on…
Fed policy lays the foundation for gold
Central banks lay the foundation for gold The moves by the US Federal Reserve since the COVID-19 crisis hit the…
UAE announces $5,500 fine for coronavirus fake news
The United Arab Emirates will fine people up to 20,000 dirhams ($5,500) if they share medical information about the coronavirus…
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…
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,…