New media law brings UAE ‘into digital age’
New legislation now in force will help bring media law in the United Arab Emirates (UAE) “into the digital age,”…
Regulation, Risk & Compliance
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Sharjah Ruler approves emirate's 'largest budget' with $11.1bn expenditure
Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, has approved the emirate's Dh40.83 billion ($11.12 billion) budget for…
American Express expands ATM access for cardmembers in Saudi Arabia
American Express Saudi Arabia has signed a strategic agreement with Alrajhi Bank, allowing its cardmembers to access the ATM terminals…
SAMA’s total assets in November reach $485.64tn
The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared…
Sheikh Mohammed issues new law to level up Dubai’s global competitiveness
Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, has issued a new…
Saudi Arabia’s overall unemployment rate drops to 5.1% in Q3: GASTAT
Saudi Arabia’s overall unemployment rate dropped to 5.1 percent in the third quarter of this year, reflecting a decrease of…
Bank Nizwa signs $90 million sustainable finance deal with Oman’s RDAC
Oman’s Bank Nizwa has signed a $90 million sustainability-linked financing deal with Renaissance Duqm Accommodation Company (RDAC). RDAC’s efforts…
Island’s partnership with United Arab Emirates praised
A deal to offer a family wealth management service in partnership with Bermuda has been welcomed by the United Arab…
CBO issues treasury bills worth OMR29.45 million
The Central Bank of Oman raised OMR29.45 million by way of allotting treasury bills on Tuesday. The value of…
Saudi Central Bank Announces New Regulatory Framework for BNPL Services
The Saudi Central Bank has officially introduced a set of rules aimed at regulating “Buy Now, Pay Later” services, marking…
CBB holds fourth board meeting for 2023
The Central Bank of Bahrain’s (CBB) Board of Directors held its fourth meeting for the year 2023, chaired by Mr.…
In landmark move, UAE sets up Bankruptcy Court to rule on disputes
The UAE is overhauling its bankruptcy and restructuring law, introducing a dedicated court to oversee related disputes. The legislation…