Old banknotes will not be valid after one month: Central Bank of Oman
Certain Omani banknotes will no longer be used in the Sultanate, according to the Central Bank of Oman. The…
Regulation, Risk & Compliance
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Saudi's Amaala resort to attract millionaires with special regulatory structure
An ultra-luxurious destination on Saudi Arabia's northwestern coast of the Red Sea will have its own regulatory structure as it…
World Bank offers $1bn tech boost to Jordan, Lebanon and Iraq
The World Bank said it may provide up to $1 billion (Dh3.67bn) in financing commitments to Jordan, Lebanon and Iraq…
Qatar and World Bank Group sign new pact
The Ministerial Group for Stimulating and Cooperating with the Private Sector in the Economic Development Projects, chaired by Prime Minister…
Trust Re receives $130m to shore up future after 2018 credit downgrade
Parent company Nest Investments Holdings (Nest) will pay $130 million replacement funds to Bahrain-based re/insurer Trust International Insurance & Reinsurance…
Dubai’s Biggest Bank Gets Key Approval for Turkey Denizbank Deal
Emirates NBD PJSC received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of…
Andersen Name Premieres in Kuwait
Andersen Global has announced one of the premier accounting firms in Kuwait will debut the Andersen name there, furthering the…
The Qatari investment
The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, during his brief stay in Islamabad, Pledged 3 billion dollars…
Adnoc closes $4bn pipeline deal with BlackRock and KKR
Abu Dhabi National Oil Company completed its $4 billion (Dh14,69bn) deal with BlackRock and KKR, who will in exchange have…
ADFG and SHUAA Agree Transformational Transaction, Creating a Regional Financial Services Powerhouse
Abu Dhabi Financial Group and SHUAA Capital PJSC have announced that they have agreed terms to combine the two businesses…
UAE VAT collections at $7.4 billion in 2018
The United Arab Emirates (UAE, Aa2 stable) released data revealing that value-added tax (VAT) collections were far higher than…
Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia
Ominvest’s fully-owned subsidiary Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint…