QFC announces new measures to support its firms
The Qatar Financial Centre has announced new support measures, including the extension of deadline to file tax without incurring any…
Regulation, Risk & Compliance
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Lebanon Economy to Shrink by Massive 12% This Year
The International Monetary Fund projected Tuesday that Lebanon's economy will shrink 12% in 2020 amid the country's worst economic and…
COVID-19: Dubai to cut property service charges this year
Dubai's property owners can look forward to paying lower service charges this year, as part of wider efforts to lower…
Banks can't save Gulf economies
As the COVID-19 pandemic's economic damage continues, governments around the world are trying to intervene in the financial sector to…
#TogetherAgainstFraud: UAE launches fraud awareness campaign amid COVID-19 pandemic
UAE Banks Federation, the Central Bank of the UAE, Abu Dhabi Police, and Dubai Police have announced the launch of…
IMF warns ‘vulnerabilities high’ in the Middle East hit with dual shock of coronavirus and oil plunge
The International Monetary Fund forecasts a dramatic contraction for Middle Eastern and North African economies this year, predicting a worse…
UAE central bank urges commercial lenders to use stimulus scheme
The United Arab Emirates central bank has urged commercial lenders to use the $70 billion-worth of capital and liquidity measures…
Egypt postpones Banque du Caire stake sale due to coronavirus: chairman
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering …
Jordan's banks to cut rates by 1.5% to spur economy hard hit by COVID-19
Jordan's responded to central bank calls to cut interest rates charged to small and medium sized firms and individuals feeling…
Saudi regulator revises initiatives to help banks fight COVID-19 challenges
The Saudi Arabian Monetary Agency has either postponed or temporarily eased many initiatives in its efforts to enable financial institutions…
Global Financial Markets Policy Responses to COVID-19
In early March 2020, the OECD’s Interim Economic Outlook highlighted that the coronavirus outbreak had already caused a sharp declinein…
Misr Life Insurance’s “Maash Bokra” Pension Policy Is Now Available Exclusively To Clients Of NBE
The “Maash Bokra” pension policy, a unique policy that is now available in 40 branches of the National Bank of…