Coronavirus infections continue to rise in Middle East
Governments in the Middle East and the rest of the world have taken more precautionary measures to combat the spread…
Regulation, Risk & Compliance
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SAMA unveils SR50bn economic stimulus package to offset coronavirus impacts
The Saudi Arabian Monetary Authority unveiled an SR50 billion economic stimulus package to support the private sector, especially the small…
UAE Central bank’s Dh100b support to lift liquidity and lending of banks
The UAE Central Bank’s decision to support the UAE banking system through an extraordinary Dh100 billion stimulus package is expected…
Mideast Joins Global Stimulus With $47 Billion to Fight Crisis
Three of the biggest Arab economies pledged almost $47 billion in stimulus to limit the economic damage of the coronavirus…
Coronavirus: Remote working for financial services
World leaders have said to prepare for a substantial period of disruption while they deal with the global outbreak of…
India tightens rules stating tax residency in a crack down on wealthy evaders
When India’s Finance Minister Nirmala Sitharaman unveiled the annual budget last month, confusion and panic broke out among the Indian…
Saudi shift toward cashless society paying e-dividends
One of the main objectives of the Financial Sector Development Program is to reduce the amount of cash being used…
Erdogan faces challenge as former ally launches rival party
Turkey’s former deputy prime minister Ali Babacan has hit out at the country’s “misguided and populist” economic management as he…
Kuwait central bank ready to provide cash to banks over coronavirus outbreak
Kuwait's central bank said on Thursday it was ready to support its financial sector over the coronavirus outbreak, including by…
Oman Insurance said to mull bid for Axa's Middle East ops
Oman Insurance Company is considering making a bid for the Middle Eastern operations of French insurer Axa, according to people…
Bahrain c.bank cuts overnight lending rate to 2.45%
Bahrain's central bank cut its overnight lending rate to 2.45% from 4% "in light of the recent global developments," it…
Commercial Bank of Dubai okays up to 40% ownership for non-UAE nationals
Commercial Bank of Dubai’s shareholders have approved the opening of up to 40 percent of the bank’s capital to non-UAE…