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…
Regulation, Risk & Compliance
8954 articles found
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…
Iran asks IMF for $5 billion emergency funding to fight coronavirus
Iran has asked the International Monetary Fund for emergency funding to help it fight the coronavirus outbreak that has hit…
Director of FX broker Numex gets 8-year ban
The UK Insolvency Service today announces that Ehsan Tayefi, who was director of Numex Foreign Exchange Corporation (UK) Ltd, has…
Kuwait to suspend all flights from Friday over virus
Kuwait will halt all commercial flights to and from the country starting Friday and until further notice, with the exception…
Muddy Waters founder calls new NMC Health debt 'a massive fraud'
NMC Health uncovered $2.7 billion of debt hidden from its board that was used for unknown purposes, tipping the troubled…