Broad money supply in Oman grows to $61.5bln
The broad money supply witnessed a growth of 11.5 percent on an annual basis to reach OMR23.7 billion by the…
Regulation, Risk & Compliance
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KPMG merger forms 5,000-strong business in the Middle East
KPMG’s two largest member firms in the Middle East – Saudi Levant and Lower Gulf – have voted to integrate…
Saudi Arabia announces updated investment law in latest reforms to business environment
Building on previously announced reforms under Vision 2030 and the National Investment Strategy, the Council of Ministers has approved an…
UAE temporarily suspends 32 gold refineries for AML/CTF lapses
The UAE Ministry of Finance temporarily suspended 32 gold refineries in the country for failing to sufficiently address money laundering,…
QCB foreign reserves surge 3.89 percent in July 2024
The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.89 percent YoY to…
Dubai to reduce work hours, suspend Friday operations for few government entities in summer
The Dubai Government Human Resources Department announced the pilot launch of its ‘Our Flexible Summer' initiative, which aims to reduce…
KPMG Saudi Levant and KPMG Lower Gulf vote to integrate
Partners at KPMG Saudi Levant and KPMG Lower Gulf have voted overwhelmingly in favor of a proposed integration of their…
Egypt Seeking to Boost Africa’s Financial Resources from International Institutions
Egyptian Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat said her country is currently working to boost the…
The CBUAE and Dubai Courts sign MoU
The Central Bank of the UAE and the Dubai Courts have signed a Memorandum of Understanding aimed at linking electronic…
Qatar Central Bank maintains current interest rates
Qatar Central Bank (QCB) on Wednesday, July 31, assessed the current monetary requirements of the State of Qatar and decided…
HDI Global strengthens business in the Middle East with local presence in Dubai International Financial Centre
HDI Global SE continues its international expansion receiving a regulatory license from Dubai Financial Services Authority (DFSA) to open an…
ROP: Beware of new fraudulent scheme impersonating Central Bank of Oman
The Royal Oman Police has issued a warning about a new fraudulent method targeting individuals through social media applications, including…