GCC growth may tighten further while US is in rate-hike mode
Rising interest rates threaten to significantly dampen economic growth next year across the Arabian Gulf region, economists warn. The…
Regulation, Risk & Compliance
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NBAD closes syndication of $2b loan
The National Bank of Abu Dhabi, NBAD, has successfully closed the syndication of its $2 billion (Dh7.34 billion) club loan…
Three Gulf central banks hike rates to avert currency pressure after Fed move
Saudi Arabia, Kuwait and Bahrain raised interest rates within minutes of the U.S. Federal Reserve's decision to do so on…
Situationer: Pakistanis quiver as UAE demands tax information
Last week account holders in a major UAE bank began receiving letters alerting them that soon they will be required…
Kuwait central bank raises policy rate by 25 bps
Kuwait's central bank said on Wednesday that it was raising its discount rate by a quarter of a percentage point…
Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct
Saudi Arabia's central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 0.75…
UAE Central Bank amends anti-money laundering rule
The UAE Central Bank has issued a resolution amending a regulation concerning procedures for anti-money laundering. According to the…
Three Gulf c.banks hike rates to avert currency pressure after Fed move
Saudi Arabia, Kuwait and Bahrain raised interest rates within minutes of the U.S. Federal Reserve's decision to do so on…
Double taxation: Ecuador, Italy sign agreement to foster private investements
Ecuador signed an agreement with Italy to define the tax obligations of the citizens of the two countries, in order…
UAE among 30 countries to implement new tax-evasion policy
The United Arab Emirates will implement a new global transparency policy which will bring to an end baking secrecy in…
Bahrain’s Islamic finance sector sets the tone for the rest of the world
With decades of experience and regarded as the benchmark for its regulation, Bahrain stands out as a global leader in…
PTI raises questions about investments in Dubai real estate
In the wake of revelations regarding offshore investments by more than 500 Pakistani nationals in the Panama Papers leaks, the…