MoI cautions citizens, residents on anonymous, suspicious messages
The Ministry of Interior has reminded people to be cautious of anonymous and suspicious messages received through SMS, WhatsApp and…
Regulation, Risk & Compliance
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Banks advised “Pay higher interest for Kuwaiti dinar deposits than US dollars”
The Central Bank of Kuwait has advised banks to pay higher interest for Kuwaiti dinar deposits than US dollar deposits,…
Federal Tax Authority Reaffirms: ‘Refunding Tax for Eligible Applicants a Direct Transaction Between Registrants and the FTA’
The Federal Tax Authority reaffirmed that refunding taxes for legally eligible applicants is a direct transaction between the registered business…
Improving Open Data access in UAE is key to startup success: whitepaper
Improving access to Open Data in the UAE would give startups in the country the knowledge and tools they need…
Saudi Arabia should consider raising VAT to 10%: IMF
Saudi Arabia should consider raising a value added tax (VAT) to 10% from the current 5%, the International Monetary Fund…
Aventicum Capital expands Qatar presence
Aventicum Capital Management Qatar the asset manager jointly established by Credit Suisse and the Qatar Investment Authority has acquired selected…
ENBD to hire banks for rights issue
Dubai’s biggest bank is close to appointing Citigroup Inc. and Morgan Stanley to manage a rights share offering of as…
GCC banks are catching up as clients become more demanding, says tech disruption report
As in other markets, the main risk of technological disruption for retail banks in the Gulf Cooperation Council is changes…
UAE and US lenders to strengthen financial and banking relations
H.E. AbdulAziz Al Ghurair, Chairman of UAE Banks Federation, instructed UBF to prepare to receive a high-level delegation led by…
UAE and US lenders to strengthen financial and banking relations
UAE and US lenders are set to further strengthen financial and banking relations as the Gulf nation ensures that its…
Kuwait’s First Dubai Real Estate Development settles $52mn debt with GCC bank
First Dubai Real Estate Development, the real estate developer listed on Boursa Kuwait, has completely settled its due debts worth…
Qatar- QFC joins Islamic Financial Services Board as associate member
The Qatar Financial Centre (QFC) has been admitted to the international standard-setting organisation, the Islamic Financial Services Board (IFSB), as…