Abu Dhabi Islamic Bank's shareholders approve increase in foreign ownership limit
Abu Dhabi Islamic Bank secured shareholders’ approval to raise its foreign ownership limit to 40 per cent, up from the…
Regulation, Risk & Compliance
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Are foreign banks in the UAE helping customers affected by Covid-19?
As the coronavirus outbreak continues to ravage economies across the globe, major banks in the UAE have rolled out measures…
Egypt's central bank places limits on cash withdrawals
Egypt's central bank on Sunday said it had instructed banks to put temporary limits on daily withdrawals and deposits amid…
Lebanon to finalise turnaround plan by year-end to mend 'broken' economy, finance minister says
Lebanon’s economic model of a high interest rate regime that attracted billions of dollars in deposits is “broken” and the…
UAE Central Bank urges banks to prioritise remote working as a measure against coronavirus
The UAE Central Bank encourages banks, financial institutions and exchange houses to prioritise remote working, except for 30 per cent…
Coronavirus: Jordan's ailing economy rocked by spread of virus
Just weeks ago, analysts predicted that Jordan’s gross domestic product would grow this year after a turbulent period of mass…
COVID-19: Audi, McDonald’s And Other Brands Redesign Logo To Promote ‘social Distancing’
Social distancing has become one of the most used terms in everyday life amid rising cases of novel coronavirus and…
UAE remains least corrupt country in Mena region
The UAE has been rated least corrupt country, yet again, in the Middle East and North Africa by the Berlin-based…
UAE govt grants businesses 20% reduction in water, electricity bills as part of coronavirus aid package
Businesses in the UAE will see their water and electricity bills reduced by 20 percent as the government works to…
Dubai's Al Zarooni Group announces three-month rent waiver worth AED 25 million for mall tenants
Al Zarooni Group has announced it will waive up to three months’ rent for eligible tenants at its two malls,…
World Tax Advisor, featuring special COVID-19 section
This edition of World Tax Advisor includes articles from various countries announcing measures in response to the COVID-19 crisis. These…
Tax in the time of COVID-19
The number of COVID-19 cases is quickly rising around the world, with major adverse effects on health and mortality. To…