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…
Regulation, Risk & Compliance
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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…
DED and Servcorp partner to enhance ease of doing business in Dubai
The Department of Economic Development (DED) in Dubai and Servcorp, world's finest serviced office provider, have signed a memorandum of…
Anti-money laundering drive: Bankers join key Riyadh talks
While KYC (know your customer) remains the most accurate way to identify transactions across the Middle East and North Africa…
Saudi regulator to raise IPO allocations to institutional investors
Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public…
Saudi regulator to raise IPO allocations to institutional investors
Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public…