Saudi move could be followed by more tax hikes across Arab world
More Arab economies may need to follow Saudi Arabia in hiking taxes to replenish reserves that have been savaged by…
Trading, Broking & Stock Exchanges
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Turkey Lifts UBS Lira-Ban
The ban to trade in Turkish lira proved a short-lived experience for UBS and two other big banks. The damage…
Dubai real estate fund says irregular trading dented share price
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Sunday it had found evidence of irregular trading activity…
ADX gains, real estate banks weigh on DFM
The UAE and other Gulf markets began the week mixed but the week ahead looks positive as lockdown measures ease…
UAE criticised for ‘ineffective’ sanctions and money laundering efforts
Authorities in the United Arab Emirates are facing criticism for their “minimal” implementation of UN sanctions and lacklustre efforts to…
Bahrain Clear inks deal with First Abu Dhabi Bank
Bahrain Clear, a major clearing house in the kingdom, has signed a depository agent (custodian) agreement with First Abu Dhabi…
UAE launches initiative towards ‘unified global legal framework’ for Islamic Finance
We show you our most important and recent visitors news details UAE launches initiative towards ‘unified global legal framework’ for…
Bank ABC fuels global growth in trade finance with Fusion Trade Innovation from Finastra
With Bahrain-based Bank ABC aiming to consolidate disjointed workflows and support the growth of its wholesale banking activities, it deployed…
Qatar- Bank brokerages account for 46% of QSE trade turnover in April
The commercial banks' brokerage businesses accounted for more than 46% of the trade turnover on the Qatar Stock Exchange (QSE)…
EBRD provides US$ 175 million financing package to Turkey’s DenizBank
EBRD US$ 175 million loan helps DenizBank ramp up lending to clients under stress US$ 100 million dedicated to support…
Qatar National Bank sells $1bln in five-year bonds – sources
Qatar National Bank, the Gulf's biggest lender, sold on Tuesday $1 billion in five-year bonds, two sources said, the first…
Abu Dhabi sets up Dh550m fund to help out local exporters
The Abu Dhabi Exports Office is setting up a Dh550 million fund to support the export sector, by helping out…