Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds
The foreign securities holdings of Saudi Arabia's central bank fell sharply in January in a sign that the government may…
Regulation, Risk & Compliance
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Saxo Bank warns of possible global economic slowdown
The GCC states are likely to face economic challenges this year due to the increased risk of a global slow-down…
Qatar banking sector stays resilient: Sheikh Hamad
The resilience of Qatar’s banking sector was demonstrated by the financial results of the country’s banks including Al Khaliji, said…
FTA sets Wednesday as deadline for tax returns
The Federal Tax Authority has called on all businesses registered for the Value Added Tax , whose first tax periods…
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…
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…