New remittance rules announced in Oman
With the announcement of a new rule regarding remittances in Oman, expatriates making large financial transactions will come under scanner…
Regulation, Risk & Compliance
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UAE, Latin America keen to expand trade ties
The UAE and Latin America have strong potential to further expand trade and investment ties in the fields of agriculture,…
Saudi central bank chief: can deal with any pressure on dollar peg
Saudi Arabia’s central bank is setting policy in line with the U.S. Federal Reserve’s interest rate policy and has enough…
First Abu Dhabi Bank to enter commercial banking in Saudi Arabia
First Abu Dhabi Bank, the largest bank in the UAE by assets, is stepping up its presence in Saudi Arabia…
Ripples of discontent shake Gulf and Western investors in Africa
Djibouti’s decision to terminate a contract that allowed Dubai’s DP World to operate the Doraleh container terminal has once again…
Saudi Arabia prepares to auction detained billionaire's real estate, cars – sources
Saudi authorities are preparing to auction billions of dollars of real estate and cars belonging to billionaire Maan al-Sanea and…
Saudi Arabia Extends Foreign Investment Licenses
Saudi Arabia extended foreign investment licenses to a renewable period of up to five years from one year, in the…
Cross border synergies are vital for Qatar’s fintech sector development, says Doha Bank CEO
There has been a “significant push” to promote Qatar as a regional fintech hub, according to a senior official at…
Dubai Islamic Bank Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after…
Moody's: SAMA Deal with Ripple Provides $400 Million to Banks
The agreement between Saudi Arabian Monetary Authority and US-based financial technology company Ripple in managing a cross-border transaction of local…
Dubai Islamic Bank boosts emirate's sukuk listings to over $53bn
Dubai Islamic Bank the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on…
Jordan grants citizenship, permanent residency to investors
The Jordanian government announced on Monday that it will grant citizenship or permanent residency to some 500 investors a year…