Goldman Sachs latest bank to expand in Gulf as balance of power shifts
Global banking giant Goldman Sachs recently announced it will open an office in Abu Dhabi, subject to regulatory approval. …
Regulation, Risk & Compliance
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Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023
Dubai Chamber of Commerce has announced details of the milestones it achieved during Q1 2023. The chamber revealed that…
Ithmaar Holding shareholders approve plans to improve the capital of the company
Shareholders of Ithmaar Holding B.S.C. (Bahrain Bourse and Dubai Financial Market Trading Code: “ITHMR”), a Bahrain-based holding company, today (ed…
QCB grants paywise license
The Qatar Central Bank (QCB) has granted Paywise (Dibsy) a license to provide digital payment services in a continuation of…
7% boost in industrial licence renewals in 2022: Sharjah FDI Office
The emirate of Sharjah has recorded a spectacular year-on-year growth in its manufacturing sector with a sharp 7 percent increase…
Corporate tax: UAE exempts free zones from business tax
UAE has rolled out its corporate tax, with businesses operating in free zones exempted from the 9 per cent business…
GIB signs credit facility agreement with Italy’s SAIPEM
Gulf International Bank — Saudi Arabia has announced the signing of a SR1.07 billion ($285.3 million) credit facility agreement with…
Labuan IBFC Inc. and Qatar Financial Centre Authority enhance strategic partnership
Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.), the official marketing agency for the Labuan International Business and Financial Centre…
Internal Auditors told to embrace sustainability and environmental protection
Abdulqader: Hosting of ‘Great Audit Minds’ (GAM) Conference in Abu Dhabi for the first time outside US is a major…
UAE Central Bank removes insurance company’s board of directors
The UAE Central Bank has removed the board of directors of an insurance company operating in the country, as it…
Banque Misr signs deal with Zammit to support micro, small businesses
Banque Misr has signed a cooperation protocol with the e-commerce platform Zammit to offer financial and non-financial solutions to micro…
3-year UAE work permit plan: FNC approves proposal
The Federal National Council — the UAE’s parliamentary body — has approved extending the duration of work permits from two…