New Saudi company to facilitate GCC wire transfers
The Gulf Cooperation Council is in the process of setting up a company to allow the bloc’s member states to…
Regulation, Risk & Compliance
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ACC quizzes three AB Bank officials
The Anti-Corruption Commission has quizzed three high officials of the AB Bank yesterday over allegations of embezzling Tk 165 crore…
Dubai’s tighter off-plan rules: the good and the bad
When the Dubai Land Department announced last month more stringent regulations for new real estate projects, it could have easily…
Qatar National Bank Seeks to Increase Foreign Ownership
Middle East’s biggest bank, Qatar National Bank (QNB), is seeking to almost double its foreign ownership limit to 49 percent…
Dubai Property Rebound Fails to Materialise
Four months after rejecting a broker’s advice to slash his rent demands on a new Spanish-style villa in Dubai, the…
The tax-hike freeze sends out a clear message
Many enquiries were raised by citizens and residents alike questioning the possibility of increasing the value-added tax rate from 5…
Qatar's biggest bank to double foreign ownership
Qatar National Bank, the Middle East's biggest bank, yesterday said it aimed to almost double its foreign ownership limit, nine…
DIFC signs deal with MEVP to boost regional technology VC ecosystem
Dubai International Financial Centre has signed a memorandum of understanding with Middle East Venture Partners to facilitate the exchange of…
Morocco, Qatar Step up their Cooperation, Sign a Dozen Accords
The works of the 7th session of the Moroccan-Qatari High Joint Cooperation Commission, held in Rabat Monday (March 12) were…
Gulf states set up company to facilitate money transfers
The Gulf Cooperation Council is setting up a company to facilitate direct money transfers among its six members, in a…
PM directive to implement 14 projects in Southern Governorate
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has given directives to implement 14 development, service and…
UAE central bank to launch new EIBOR system next month
The United Arab Emirates central bank will next month launch a new way of setting Emirates Interbank Offered Rates (EIBOR),…