Avoidance of double-taxation treaty with UAE in jeopardy
Pakistan on Monday threatened to terminate avoidance of double-taxation treaty with the UAE due to its continued non-cooperation in regard…
Regulation, Risk & Compliance
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Ministry of Technology and Communications inks MoU to launch Center of Excellence
The Ministry of Technology and Communications, has signed a Memorandum of Understanding with Wipro Limited, a leading global information technology,…
Sheikh Hamdan announces Dubai's economic outlook
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai,…
Saudi central bank sets minimum capital limit for microfinance firms
Saudi Arabia's central bank, the Saudi Arabian Monetary Authority, has set minimum capital limits for companies looking to offer small…
UAE jumps up global list for gender equality
The UAE has jumped 23 places in the United Nations Development Programme 2019 Gender Inequality Index, ranking first in the…
Emirati banks’ investments in Saudi, Egypt exceed $30bln in nine months
Investments of Emirati banks in Saudi Arabia and Egypt amounted to AED 111.3 billion ($30.3 billion) over the first nine…
Bank Nizwa CEO Highlights Prospects of Islamic Finance in the Region
A hot topic in the financial industry is where Islamic finance and banking are headed, the challenges and prospects of…
Turkey: Investment Draw
Going by the numbers, economic matters are looking up for Turkey. Second-quarter performance came in better than anticipated, prompting…
Fintech service provider QPAY joins the QFC platform
Qatar Financial Centre welcomed to its platform "Qatar's largest" financial technology service provider, QPAY LLC. The addition of QPAY…
Turkey eases rules on $8.1bn of bad loans
Turkey's banking watchdog backed down on a directive issued in September instructing banks to classify $8.1bn of loans as non-performing,…
Fitch sees Turkish banks suffering more asset quality erosion
Turkey’s banks are set to continue suffering from exposure to troubled industries such as the construction sector and energy, Fitch…
Plain-Sailing Future For Trade Finance Digitization
Trade finance, perhaps even more than other banking specialties, requires trust; there is inevitably a gap between shipment and delivery.…