UAE central bank cuts interest rates by 50 bps
The Central Bank of the UAE, CBUAE, said on Tuesday that it was cutting interest rates on certificates of deposit…
Regulation, Risk & Compliance
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Cisco connect kicks-off in Riyadh with renewed commitment to accelerating digitization
Cisco has revealed its latest solutions and strategic partnerships to aid the Kingdom’s digital transformation journey at Cisco Connect Riyadh.…
Bahrain central bank cuts key rate by 50 bps
Bahrain’s central bank said on Tuesday that it had decided to cut its key policy interest rate on the one-week…
Middle East: Banking in an age of conflict
Amine Awad, a veteran of Lebanese banking, has been a mainstay at Blom Bank for many years. But his career…
IMF deal seen as only way out for Lebanon
The Lebanese government must swallow its misgivings and reach a rescue deal with the International Monetary Fund or risk economic…
UBF launches committees to promote growth of the UAE banking sector
Abu Dhabi-based UAE Banks Federation has announced the launch of the Fintech and Consumer Protection technical committees as well as…
Middle East shares decline
Stock markets in the Middle East retreated on Wednesday, as an emergency rate cut from the US Federal Reserve failed…
Sharia council issues fatwa on coronavirus
On Tuesday, UAE’s Sharia Council issued a fatwa that prohibited those infected with or suspected of coronavirus from attending congregational…
UAE rules out any VAT increase
The UAE ruled out any increase the value added tax (VAT to be accordance with recent IMF recommendations. “We…
Bumpy road ahead for UAE banks chasing Indian debtors despite new legal deal
Recovering billions of dirhams from loan defaulters who have fled to India won’t be easy for UAE banks even after…
DFSA launch DFSA Cyber Threat Intelligence Platform
The DFSA have announced the recent launch of the DFSA Cyber Threat Intelligence Platform to help businesses in the DIFC…
GFH properties announces signing of top international retail brands to Harbour row
GFH Properties has announced the signing with top tier international brands that will establish their franchises as part of the…