UAE's Emirates Development Bank, DIB sign deal to boost SME financing
The state-run Emirates Development Bank (EDB) has signed a deal with UAE lender Dubai Islamic Bank (DIB) to set up…
Regulation, Risk & Compliance
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Revealed: king of Jordan used Swiss accounts to hoard massive wealth
In 2011, as popular revolts reverberated around the Middle East, a monarch in the midst of it all made some…
Seba Bank opens Abu Dhabi office
SEBA Bank has announced that it has secured an FSP from Abu Dhabi Global Market’s Financial Services Regulatory Authority effective…
Arab rulers, spy chiefs stashed millions in Swiss bank, shows data leak
A data leak from the bank Credit Suisse has opened a peephole into the private wealth of several powerful figures…
President Kenyatta welcomes UAE's plan to establish an Innovation and Entrepreneurship Centre in Kenya
President Uhuru Kenyatta has welcomed an announcement by the United Arab Emirates (UAE) to establish an innovation and entrepreneurship centre…
Contracts show Lebanon's central bank obscured recipients of commissions
For more than a decade, Lebanon's central bank charged commercial banks in the country commissions when they bought government securities…
Dubai International Financial Centre records best performance in 17-year history driving Dubai's next phase of growth
Dubai International Financial Centre (DIFC), the Middle East, Africa and South Asia region's leading global financial centre has reported its…
The DIFC’s Recent Record Performance Reinforces Jersey Finance’s Gulf Commitment
Having signed an MoU with the DIFC Authority last year, coinciding with Jersey Finance’s tenth anniversary of having a presence…
Analysis: UAE corporate tax may dilute competitive edge, as Saudi Arabia steps up
The United Arab Emirates' plans for a corporate tax risk eroding one of its main attractions as the Gulf's premier…
Palm Hills aims to issue sukuk worth EGP 3.25bn to finance Badia project
The Board of Directors at Palm Hills Developments approved, in its meeting on Tuesday, the company’s plan to finance the…
UAE and Turkey central banks seek further co-operation after currency swap deal
The Central Bank of the UAE and the Central Bank of Turkey are looking to collaborate further following the signing…
DIFC sees almost 1,000 companies register in best annual performance to date
Dubai International Financial Centre has reported its best annual performance to date, achieving its 2024 Strategy growth targets three years…