Saudi Arabia issues 390,000 work visas during first quarter
The report showed 229,457 were issued for the individuals representing 58.8%, 143,685 for the private sector and 17,686 for the…
Regulation, Risk & Compliance
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Insurance premiums in Bahrain grow 6% in 2018
Insurance premiums in Bahrain grew by six per cent year-on-year to BD284 million as of the end of 2018, due…
DIFC rolls out ‘crucial’ insolvency law in cross-border move
The Dubai International Financial Centre has enacted a new insolvency law which it said meets international best practice guidelines. …
UAE Cabinet to increase youth participation in public, private sector boards
The UAE Cabinet has adopted a decision to increase and promote the participation of Emirati youth in the boards of…
Oman to introduce Common Reporting Standards
Oman, in line with its commitment to align itself with international best practices in tackling cross-border tax evasion and meeting…
Open account in Riyad Bank without visiting branch
A new service launched by Riyad Bank enables customers to open current accounts online without the need to visit the…
FMS.next has been enhanced to support PSD2 and Open Banking requirements
Profile Software has announced the latest release of its FMS.next Universal Banking platform that provides full coverage to the needs…
MOF Debt Management Office wins three "GlobalCapital" Awards
The Debt Management Office of the Ministry of Finance has been awarded three GlobalCapital awards, namely: the "Most Impressive Emerging…
Dubai Issues New Financial Centre Insolvency Law After Abraaj Collapse
Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum issued a new insolvency law on Tuesday for companies operating in the Dubai…
Invest in Sharjah to hold 5th FDI Forum in November
The Sharjah FDI Office (Invest in Sharjah) has confirmed dates of the fifth edition of their annual flagship event –the…
Central Bank of the UAE hosts Islamic Finance Workshop Towards a Diversified Financial Sector
The Central Bank of the UAE (CBUAE), in coordination with Higher Sharia Authority (HSA), hosted a half-day workshop on June…
Mideast UHNWIs pour $3.3bn into London real estate market
With speculation continuing around a potential 'Hard Brexit or 'no Brexit, Middle East's Ultra High Net Worth investors are continuing…