Bank Nizwa unveils reduced property financing rate
Bank Nizwa has announced a new reduced rate of 5.25 per cent for ready property financing, in a move aimed…
Regulation, Risk & Compliance
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Hong Kong, Abu Dhabi financial regulators ink fintech pact
Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority signed a co-operation…
UAE banking free zone, French innovation cluster sign MoU for FinTech cooperation
Dubai International Financial Center (DIFC) said on Sunday it has signed a memorandum of understanding (MoU) on financial technology (FinTech)…
Qatar’s foreign investment law could be a ‘game changer’
The draft-law on foreign investment which will allow non-Qatari businesses to have 100 per cent capital in companies in all…
Bahrain central bank's net foreign assets fall in May
Net foreign assets at Bahrain's central bank, an indication of its ability to defend its currency against market pressure, fell…
Landmark tax agreement to strengthen tax treaties enters into force with additional countries joining
Ministers and senior officials from Kazakhstan, Peru and the United Arab Emirates have signed the BEPS Multilateral Convention bringing the…
Gulf neighbours Kuwait, Saudi Arabia and the UAE will offer new aid to strengthen the country's "fiscal stability"
Bahrain said on Wednesday that its Gulf neighbours Kuwait, Saudi Arabia and the UAE will offer new aid to strengthen…
Holborn Assets has Dubai licence suspended
Dubai-based Holborn Assets Insurance Brokers has had its Insurance Authority licence suspended for three months, in a rare case of…
Hong Kong Seeks to Widen DLT Use in Trade Finance
Hong Kong Monetary Authority, the city's de facto central bank, is planning to work with regulators in Abu Dhabi to…
DED Signs up With Adcb and Mashreq to Support E-Traders
The Business Regustration & Licensing sector in the Department of Economic Development, Dubai, has signed two separate agreements with the…
CI Capital signs Brokerage Services Agreement with Maybank Kim Eng
CI Capital, the leading diversified financial services group, announced today that it has signed a brokerage services agreement with Maybank…
Kuwait's Contribution to Asian Investment Bank’s Capital Approved
The Kuwaiti National Assembly approved Monday a draft law on the state of Kuwait's contribution to the capital of the…