Central Bank of Bahrain finalises rules on cryptocurrencies
The Central Bank of Bahrain published its final set of rules to regulate trading and other activities involving digital currencies,…
Regulation, Risk & Compliance
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UAE waives Dh361 million loans of over 3,000 Emiratis
The Debt Settlement Fund has announced that Dh361 million worth of loans of 3,310 Emiratis have been waived off in…
Adnoc inks investment pact with BlackRock and KKR
The Abu Dhabi National Oil Company announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with…
GCC sovereigns to drive surge sukuk issuance in 2019, 2020
Global sovereign sukuk issuance will recover in 2019 and surpass its record-high volumes by 2020, and possibly sooner, if oil…
Kuwait says it will not ‘stand idly by’ as Kingdom faces hardship
Prime Minister Omar Razzaz on Thursday met with his Kuwaiti counterpart Sheikh Jaber Al Mubarak Al Sabah in Kuwait City…
Bahrain's $10bn fiscal stability package has boosted confidence, says central bank governor
The $10bn (Dh36.7bn) financial support package extended to Bahrain by Gulf countries, has shored up investor confidence and is helping…
Abu Dhabi Global Market updates anti-money laundering rules
Abu Dhabi's financial freezone, the Abu Dhabi Global Market, has begun a public consultation on changes to its rules for…
Bahrain to allow companies using cryptocurrencies to work in the country on a trial basis
Bahrain has taken the first step towards regaining its foothold as the Middle East’s financial hub by allowing companies using…
Your taxes OECD proposals for a digitized economy
On February 13, the OECD issued far-reaching proposals for addressing the challenges of digitizing the economy and invited comments from…
Saudi Arabia Monetary Authority updates banking licensing guidelines
Financial regulator the Saudi Arabia Monetary Authority (SAMA) has updated its guidelines for those seeking a banking licence, in a…
It’s Official: Bahrain Is Courting Crypto Companies
In a bid to recover its status as the financial hub of the Middle East, Bahrain is officially inviting cryptocurrency…
Lebanon nominates Ziad Hayek for World Bank boss
To Highlight unfair hiring practices, some campaigners carry out sting operations on unsuspecting firms. They submit two applications with…