Egypt's Industry seeks Supreme Council to supervise Egyptian-African Ties
This step comes within the frameworks of the general plan outlined by the state to enhance cooperation with African countries.…
Regulation, Risk & Compliance
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IIRA Assigns Fiduciary Ratings to AlBaraka Bank Egypt
Islamic International Rating Agency has assigned an international scale rating of 'B-/B' (Single B Minus / Single B) and national…
Global tax issues to impact GCC businesses
In November 2014 the WikiLeaks scandal known as “LuxLeaks”, the large scale exposure of over 340 companies (such as IKEA,…
Singapore to boost Islamic finance regime
WITH cross-border Islamic finance set to grow further, Singapore's central bank will continue to strengthen its Islamic finance regime and…
Foreign firms wary of Saudi expansion on opening up of bourse
The opening of Saudi Arabia’s bourse to direct foreign investment may create billions of dollars of business but international banks…
UAE banks brace for tough norms
The Central Bank of the UAE has laid out a roadmap to introduce tougher conditions for banks and financial institutions…
Remittance tax proposed by FNC member
A member of the Federal National Council Tuesday proposed that the UAE impose a tax on the billions of dirhams…
New pension rules likely to affect saving schemes of British expats
With recent changes to the UK’s pension rules, financial advisors here are urging expatriates to carefully consider their options on…
Ashmore to apply for Saudi investing licence this week – director
Emerging markets-focused investment firm Ashmore Group expects to lodge an application to invest directly in the Saudi Arabian stock market…
Qatar denies wrongdoing in 2022 World Cup bid
"It will blow over" tends to be Qatar's unofficial response to criticism of its World Cup bid, but with a…
As FIFA corruption scandal worsens, Qatar shares flounder
Qatar's shares dropped significantly Wednesday after the US and Switzerland launched a criminal investigation on FIFA corruption charges, Reuters reported…
Emir orders study on operations of state-backed investment companies
The Emir, who is the chairman of the Supreme Council for Economic Affairs and Investment chaired the Council's Second Meeting…