Why do UAE and Saudi Arabia want to use blockchain?
Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart…
Regulation, Risk & Compliance
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Central Bank of Bahrain endorses launch of Bahrain FinTech Bay
The Central Bank of Bahrain has announced a partnership yesterday officially endorsing the launch of Bahrain FinTech Bay and its…
KPMG revenues grow strongly to record $26.4 billion
Growth driven by client-focused investments in technology, innovative services, alliances and hiring Record high revenues for Fiscal Year (FY)…
Saudi hopes purge will help push to join anti-illicit funding body
Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of…
Bahrain central bank raises key rate by 25 bps
Bahrain’s central bank said on Wednesday it was raising its key interest rate by 25 basis points after the US…
UAE consumers to pay more as interest rates go up
Any change upwards in interest by US will also swing interest rates upwards in UAE The Central Bank of…
Banks directed not to misuse Citizen’s Account deposits
The Saudi Arabian Monetary Authority has directed all local banks not use any amounts of money that are deposited in…
Saudi, UAE Central Banks Team Up to Test Cryptocurrency
The central banks of the United Arab Emirates and Saudi Arabia are reportedly launching a pilot initiative that will see…
Turkey's wealth fund in talks with foreign funds for cooperation: acting chairman
Turkey’s sovereign wealth fund (TVF) is in talks with China’s ICBC, Singapore’s wealth fund TEMASEK and the Russian Direct Investment…
Iran Tax Revenues at $19 Billion
A s much as 1,000 trillion rials ($23.8 billion) had been projected as tax revenues in the current fiscal budget…
Gulf banks face up to Qatar fallout
While north Africa and the Levant have been beset by revolt and civil war in Syria and Libya in recent…
US tax reforms to add value to Qatar investments
The US federal tax reform is expected to add value to Qatar’s investments in the US. Qatar has significant exposure…