Large portion goes in paying public employees’ salaries
According to a statistic prepared by the Central Bank of Kuwait, the country’s public spending is the highest in the…
Regulation, Risk & Compliance
8959 articles found
Qatar Development Bank signs cooperation MoU with Dubai Exports
As the spate of global hacking continues unabated at government websites, hospitals and big companies — with the most recent…
UAE forms fatwa council to advocate moderate Islam
The Cabinet approved during it sessions the formation of the UAE Council for Fatwa to be the sole reference for…
Saudi foreign assets keep falling in April amid heavy overseas borrowing
The Saudi Arabian central bank's foreign assets fell in April as the government borrowed heavily abroad, according to official data…
Saudi Arabia to become first GCC country to impose 'sin tax'
Saudi Arabia will become the first Gulf Cooperation Council (GCC) country to impose excise tax at 100 percent on tobacco…
Lebanon seeks a secure financial sector
The Lebanese Cabinet took all but a single minute to grant Riad Salame a fifth six-year term as Central Bank…
Why You Should Invest In Dubai’s Property Sector
Brian Etemad, CEO of Tamleek Real Estate, on why property makes a good alternative asset class for investors. As…
Noor Financial Investment said to weigh sale of stake in Pakistan’s Meezan Bank
Kuwait’s Noor Financial Investment Co. is weighing the potential sale of its 49 per cent stake in Pakistan’s largest Islamic…
DFSA launches Innovation Testing Licence for FinTech Firms
The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for…
EGBANK signs $20m loan agreement to finance SMEs
EGBANK has signed a loan agreement with the European Investment Bank (EIB) to receive a $20m loan to finance small…
Tehran, Muscat after stronger banking ties
In a bid to boost bilateral banking relations, Iran and Oman have reached a number of agreements including connection of…
Oman revises pricing for seven-year US dollar sukuk
The Sultanate of Oman has revised pricing for a seven-year US dollar benchmark-sized sukuk offering to 250bp area over mid-swaps,…