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…
Regulation, Risk & Compliance
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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…
Abu Dhabi Commercial Bank issues $540 million Formosa bond -sources
ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. …
Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC
Qatar needs to reform interbank liquidity management to study leakages from Islamic banks through interbank finance as part of a…
Central Bank of Bahrain grants licence to UK financial services firm
UK-based Nomura International has got a representative office licence to operate in Bahrain, by the Central Bank of Bahrain. From…
Dubai's DFM reveals list of securities in short selling push
Dubai Financial Market on Tuesday announced the list of securities eligible for trading as part of the regulated short selling…
Businessman Saiful evading ACC summonses for quizzing in AB Bank money-laundering probe
Saiful is also a director of Sky Aviation Services, an agent of FlyDubai GSA Bangladesh. A former director of Standard…
Local fintech to tap Bahrain’s bitcoin exchange
Bitcoin technology provider, Belfrics Global has received the Sandbox license from the Central Bank of Bahrain to launch a crypto…
UAE central bank says enough coins in circulation amid overcharging concerns
The UAE’s Central Bank has said the country has sufficient small coins in circulation following concerns consumers were being overcharged…