Oman's Bank Dhofar outlines terms of revised non-binding merger offer to Ahli Bank
Following on from its submission of a revised non-binding merger proposal to Ahli Bank on Wednesday, Bank Dhofar on Thursday…
Regulation, Risk & Compliance
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Egypt's central bank leaves key interest rates on hold
Egypt's central bank kept its overnight interest rates unchanged on Thursday, saying that growth had slowed in the fourth quarter…
UAE announces key tax rule update for resident, non-resident entrepreneurs
The UAE Ministry of Finance has updated corporate tax rules for resident and non-resident individuals undertaking a business or business…
Saudi Arabia modernises arbitration rules
Saudi Arabia has introduced new rules for commercial arbitration that emphasise the use of technology and empower tribunals to hold…
Lebanon central bank chief did not attend French fraud hearing – judicial source
Lebanon’s central bank chief did not attend a hearing in Paris on Tuesday where French prosecutors were expected to press…
UAE Central Bank imposes sanctions on 8 banks
The Central Bank of the UAE imposed administrative sanctions on eight banks operating in the country following their failure to…
Khalifa Fund signs an MoU with Wio Bank
Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Wio Bank PJSC – the region’s first platform…
Central banks 'should change regimented ways' of regulating FinTech industry
Banking and financial regulators must change the “regimented ways” in which the FinTech industry is being governed to allow growth…
Abdalrahman Bin Kharbash (PwC) wins 'Best Emirati Talent' award
Abdalrahman Bin Kharbash – an M&A consultant at PwC – has been recognised as one of the UAE’s top Emirati…
Emirates NBD to collaborate with DIFC to advance shared goal of supporting the Dubai Economic Agenda D33
Collaboration intends to focus on supporting the Dubai Economic Agenda to consolidate its position among the top three global cities…
Oman Central Bank raises interest rate by 25 basis points
The Central Bank of Oman increased the interest rate on repurchases of local banks by the same increase approved by…
DIFC enacts new Venture Studio regulations
Dubai International Financial Centre (DIFC) today announced the enactment of the new Venture Studio Regulations. This move will establish…