Sagia grants 3 investment licences to Japanese firms
The Saudi Arabian General Investment Authority (Sagia) has granted three investment licenses for Japanese companies working in various economic sectors,…
Regulation, Risk & Compliance
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Egyptian parliament approves limited cabinet reshuffle
Egypt's lawmakers approved on Sunday a limited cabinet reshuffle, with four new ministers named for the portfolios of local development,…
Abu Dhabi Financial Group moves headquarters to Abu Dhabi Global Market
Abu Dhabi Financial Group, an alternative investment company with around US$6 billion in assets, has set up new headquarters in…
Dubai Islamic Economy Development Centre to Enhance Cooperation in Islamic Economy With RIW Group
The Dubai Islamic Economy Development Centre today announced the signing of a memorandum of understanding with the Group of Strategic…
Iran steadily reaches its goal of luring foreign investment
It appears that Iran is steadily fulfilling its ambitious goal to lure foreign funds despite the US President Donald Trump’s…
Qatar is devising comprehensive regulatory framework for NBFCs
Qatar is all set to create a strategic plan and comprehensive regulatory framework for non-bank financial companies , which have…
Huge potential for Islamic banking in Egypt; lack of political will stymies growth
Egypt’s Islamic bank profits are up, structural reforms are accelerating an economic rebound and banking penetration among ordinary Egyptians remains…
Residents think before spending after VAT imposed in UAE
Many people Khaleej Times spoke to are now thinking twice about making a new purchase as they try to stick…
Italy and Iran to sign $5.97bln investment agreement- Treasury source
Italy and Iran will on Thursday sign a framework credit agreement worth 5.0 billion euros whereby Rome will help Italian…
Central Bank of Bahrain Approves Ithmaar’s Dubai Listing
The CBB’s approval follows an earlier announcement that the United Arab Emirate’s Securities and Commodities Authority had approved the listing.…
Banks in Lebanon warn of double taxation consequences
Bankers said Tuesday they would be obliged to raise interest rates on lending and reduce rates on customer deposits if…
Emirates to Seek $1 Billion Sukuk to Diversify Funding
Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through…