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…
Regulation, Risk & Compliance
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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…
DFSA strengthens relationship with Isle of Man Financial Services Authority
The Dubai Financial Services Authority has signed a new Memorandum of Understanding with the Isle of Man Financial Services Authority…
Saudi's Fawaz Abudulaziz Alhokair secures $800mln Islamic finance
Saudi-listed retail group, Fawaz Abdulaziz Alhokair Company, has signed an Islamic term Murabaha facility and a revolving credit facility agreement…
RippleNet network in UAE expands with Bank of Fujairah
RippleNet network in UAE is growing at an exponential pace. Ripple and National Bank of Fujairah have entered into a…
UAE central bank to revise 2020 growth forecast due to coronavirus
The United Arab Emirates’ central bank will reassess its forecast for economic growth in 2020 due to the coronavirus outbreak,…