Dubai government establishes debt management office, appoints CEO
The Dubai Government said on Monday that it has established a debt management office (DMO) and appointed Rashid Ali bin…
Regulation, Risk & Compliance
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The new UAE Labour Law: what employers need to know
Private sector employers in the United Arab Emirates (UAE) should review their policies and procedures following the biggest change to…
Lebanon probe gets account data on central bank
A Lebanese probe into alleged embezzlement and money-laundering by the central bank governor and his brother received new account information…
QCB revises up interest rates
Taking cue from the US Federal Reserve, the Qatar Central Bank (QCB) has hiked its key reference rates by 0.25%…
UAE Central Bank raises base rate by 50 basis points
The Central Bank of the UAE will raise the base rate applicable to the Overnight Deposit Facility by 50 basis…
Turkey inflation jumps to almost 70 percent in April as Erdogan accused of 'trying to re-write economics'
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to…
Egypt's law drops lawsuits against unofficial businesses once licensed to encourage inclusion in official economy
As part of Egypt’s endeavors to encourage the integration of unofficial economy projects into the official economy, the law stipulates…
CBK raises discount rate to 2.00 %
The Central Bank of Kuwait (CBK) announced Wednesday raising the discount rate from 1.75 percent to 2.00 percent effective May…
Rules on open banking are essential for KSA
Open banking, where financial institutions share a customer’s financial details once consent is granted, is increasing in popularity across the…
Abu Dhabi’s ADDED introduces easy payment plan for business owners
The Abu Dhabi Department of Economic Development have signed a deal with First Abu Dhabi Bank, Abu Dhabi Commercial Bank,…
PwC Consulting partners with Sova to deepen talent offering
PwC has agreed a partnership with Sova, deepening its workforce offerings with the addition of Sova’s talent assessment and recruitment…
UAE-India trade deal is new phase of globalisation
The UAE-India Comprehensive Economic Partnership Agreement that came into effect on Sunday is a precursor to similar trade deals that…