Gulf central banks join Fed in cutting interest rates
Most central banks in the Gulf region cut their benchmark interest rates on Thursday, joining the US Federal Reserve in…
Regulation, Risk & Compliance
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Arab Monetary Fund official lauds performance of Qatar’s banking sector
Qatar’s banking sector has high ranking among the Arab countries in regards to capital adequacy ratio that has reached 19.2…
Oman’s credit grows to $81.6bn in July, up 3.8% yearly
Oman’s total outstanding credit from other depository corporations reached 31.4 billion Omani rials ($81.6 billion) by June, reflecting a 3.8…
Qatar Financial Centre PMI: Non-energy sector business conditions strengthen in August
Record wage increases drive overall cost inflation to four-year high Marked improvement in year-ahead outlook The latest Purchasing Managers’ Index…
Egypt’s Central Bank Increases Lending to Government
– Egypt’s central bank increased its lending to the government in the last fiscal year, despite a decline in inflation…
Qatar Financial Centre issues QFC digital assets
In line with the Third Financial Sector Strategy issued by Qatar Central Bank, the Qatar Financial Centre Authority (QFCA) and…
UAE Federal Tax Authority issues Tax Guide for Investment Funds and Investment Managers
Introduction In May 2024, the UAE Federal Tax Authority (FTA) issued an Investment Funds and Investment Managers Guide (IFIM Guide)…
Bank AlJazira and Cultural Development Fund sign landmark agreement
Bank AlJazira has established a strategic partnership with the Cultural Development Fund, to support the growth and sustainability of cultural…
Dubai Financial Services Authority approves 61 new firms in H1
DFSA’s efforts have also bolstered the growth of the capital markets within the DIFC, which remains the world’s largest market…
Saudi Arabia, Poland set up business council to strengthen economic ties
Saudi Arabia and Poland have established a joint business council for the 2024-2028 term to boost trade and investment between…
Dubai Chamber of Commerce records 20.5% growth in document attestation transactions during H1 2024
Khalid Al Jarwan: “The chamber’s attestation service plays a key role in enhancing the trust and credibility of all documents…
Trowers advises Ahli United Bank (UK) on its conversion to a fully Sharia-compliant bank
Trowers & Hamlins, has advised Ahli United Bank (UK) on its conversion from a conventional bank to a fully compliant…