India clarifies income tax rule for NRIs
The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they…
Regulation, Risk & Compliance
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Saudi Arabian Monetary Agency says foreign assets close to SAR 2 trillion
Foreign assets of the Saudi Arabian Monetary Agency and the commercial Saudi banks reached SR1.996 trillion by the end of…
Saudi Arabia raises 17bn riyals in first local Islamic bond this year
Saudi Arabia raised 17 billion Saudi riyals (Dh16.65bn) from its first local Islamic bond sale this year as the biggest…
Dubai DIFC a hit with Chinese, Indian financial firms
A number of leading Chinese and Indian banks are in the process of obtaining Category 1 banking licences in the…
Fintech in payments: Changing perspective
The author's shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make UAE a…
Dubai Financial Market resumes uptrend
Driven by gains held by the banking and investment sectors as well as some property companies, the Dubai Financial Market…
UAE Central Bank posts sharp rise in foreign currency supply
The UAE Central Bank on Sunday said its total assets have increased by 10.8 per cent to Dh391.96 billion in…
New taxes could reduce Lebanese banks’ profitability
The newly endorsed taxes will probably affect Lebanese banks’ consolidated profits in the coming years but will not dissuade lenders…
Abu Dhabi’s Qannas Investments to buy back $8m worth of shares
Qannas Investments, the Abu Dhabi-owned investment company whose shares are listed on the London stock exchange, has said that it…
Qatar is facing a $300 billion conundrum
When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate…
Shuaa Capital finalises deal to buy two financial outfits
Shuaa Capital, the UAE integrated financial services firm, on Thursday said it had entered into an agreement with Integrated Financial…
Assets of 13 listed UAE banks surge to $383billion in H1 2017
The assets of 13 UAE banks have surged to AED1.41 trillion by the end of the H1 2017, a growth…