UAE to maintain interest rates 'until 2018' – report
The UAE is not expected to hike interest rates until 2018, according to a report by BMI Research. The…
Regulation, Risk & Compliance
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VAT could emerge a cost centre for banks irrespective of rates
Implementation of Value Added Tax in the UAE starting from January 1, 20018 will have some adverse implications for the…
Economists tangle over risk of a Greek-style collapse in Turkey
Is Turkey on the road to becoming a new Greece? The question has divided economists who have delved into what…
Banks must take note if cryptocurrency gets sovereign treatment
You know bitcoin’s time has come when it assumes the central role in a conversation between financial journalists. Relaxing…
UAE’s credit growth turns positive, but credit demand remains weak
The UAE’s total banking sector credit returned to positive monthly growth in July, reaching 0.2 per cent month on month…
IMF Expects Moderate Qatar Slowdown Due to Gulf Trade Disruption
Qatar’s non-oil economic growth will slow this year as the gas-rich nation cuts spending and after a Saudi-led alliance imposed…
Leading advisers predict new UAE rules will cull firms by 50%
New capital requirements for licensed UAE insurance brokers will amount to a "cull" that could see the number of regulated…
Turkish participation banks' profit soars 36 pct in first half
Participation banks achieved a profit of TL 769 million (around $223.29 million) in the first half of this year with…
Banque Misr, Egypt Post, Visa sign to co-ordinate in digital financial services
Egypt Post, Banque Misr, and Visa signed a tripartite partnership to regulate digital financial services, expand their customer base, and…
Europe accounts for 37% of Qatari banks’ cross border funded liabilities, says QCB
Qatar’s banking sector “depends heavily” on Europe on the liability side, as the region accounts for 37% of the cross…
Delio Selected as Only UK Fintech to Join Dubai Financial Services Accelerator
Welsh fintech firm Delio has been the only UK firm selected to join a first-of-its-kind accelerator programme in Dubai. …
Saudi Arabia has lost $250 billion in three years
The Saudi Arabian Monetary Agency, which is analogous to the Saudi Central Bank, has lost about $250 billion of its…