IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high
Saudi Arabia’s gross domestic product is expected to grow at the fastest rate in almost a decade at 7.6 percent…
Regulation, Risk & Compliance
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Capital Bank of Jordan signs USD 115mln 1-year debut senior unsecured syndicated term loan facility
Capital Bank of Jordan has announced the successful signing of a USD 115 Million Senior Unsecured Syndicated Term Loan Facility…
22% growth in commercial licensing business in the first half of 2022
The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed…
Saudi banks shut down 42 branches in 12 months, increase digital presence
Saudi banks shut down 42 branches over the year ending in June, revealed the Saudi Central Bank, also known as…
CRA launches a public consultation about ‘National Blockchain Blueprint for Qatar’
The Communications Regulatory Authority (CRA) has launched a public consultation about the ‘National Blockchain Blueprint for Qatar’, which was collaboratively…
Strategic partnership between Fawry and EgyptAir Academy
EGYPTAIR Training Academy began expanding its digital services, as it celebrated with Fawry for Banking Technology and Electronic Payments the…
Gold holds gain as traders weigh outlook for Fed tightening path
Gold held an advance as investors assessed the outlook for the Federal Reserve’s monetary policy tightening path amid signs of…
What you should know about UAE work permit cancellation, how it may impact your resident visa
While the work permit enables the individual to work for a company, a residence visa allows the individual to reside…
Kuwait Agility's Q2 net profit plummets to $52mln
Kuwait-based global logistics and warehouse provider Agility said its Q2 2022 net profit attributable to shareholders more than halved to…
A new player has joined the market: SAMA certifies Marta as payment institution
The Saudi Central Bank (SAMA) has approved Marta, a Saudi Arabia-based fintech, as a Payment Institution (PI), allowing it to…
UAE issues new reporting rules for real estate transactions to combat money laundering
The UAE has introduced new reporting requirements for “certain real estate transactions” conducted in the country to fight money laundering…
Alvarez & Marsal launches new offices in Abu Dhabi and Riyadh
Global management consultancy Alvarez & Marsal has simultaneously launched two new offices in the Middle East, adding Riyadh and Abu…