Govt wakes up to plight of Pakistanis in Saudi Arabia
Prime Minister Nawaz Sharif on Tuesday directed officials in Islamabad and Riyadh to help over 8,000 Pakistani workers who have…
Regulation, Risk & Compliance
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Israeli Bank Helped US Clients to Cheat Taxes
According to United States prosecutors, an employee of Bank Leumo Le-Israel devised a novel method to assist an American client…
Oman amends it's visa rules, permits longer stays
Oman will reportedly relax rules on multiple entry visas for some countries in a bid to boost its economy, reported…
HSBC hands over list of 8,000 Israeli Swiss accounts
The Israel Tax Authority is checking the information on the lists to see if there is any unreported capital. …
Demography crucial for GCC’s growth: Indosuez Wealth Management
Demography will play a crucial role in GCC economies; a report has shown and noted that the region’s growth and…
Saudi Arabia Said to Have Offered $4 Billion to Banks
Saudi Arabia’s central bank offered lenders short-term loans in late June to help ease liquidity constraints, according to five people…
Egypt expects to get at least $2b within 2 months of agreeing IMF loan
Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with…
Turkey's investment grade hangs in balance as post-coup purges deepen
A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors…
Saudi central bank's foreign assets drop $11bn
Net foreign assets at Saudi Arabia's central bank fell by $11 billion from the previous month to $562 billion in…
Companies in UAE delaying pay for 30 days to be referred to court
Companies failing to pay salaries for 30 days will be referred to court, the Ministry of Human Resources and Emiratisation…
Dubai Watchdog Shuts Down Suspected Ponzi Scheme Exential Group
Exential Group, a managed forex fund located in Dubai Media City, was ordered by UAE’s financial regulators to cease operations…
Saudi Group Signs Deal Aiming to End Biggest Mideast Default
Ahmad Hamad Algosaibi & Brothers Co. signed a deal with a majority of its creditor banks to restructure about $6…