HSBC completes first funding under UAE Central Bank's targeted economic support scheme
HSBC has arranged its first funding for customers under the Central Bank of the UAE’s Targeted Economic Support Scheme (TESS)…
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Fintech sector poised for long-term gain from the Coronavirus pandemic
Adapting to a largely digital lifestyle is one of the major changes brought about by the Coronavirus-forced lockdown. Apart from…
Economic Substance in the UAE – 2020 Update
Transparency has been high on government agendas since the global financial crisis and this has resulted in the introduction of…
DAC6 – The EU’S Mandatory Disclosure Regime (MDR) and its Impact on the UAE
What is DAC6? Transparency has been high on government agendas since the global financial crisis and this has resulted…
Gold prices near steady as global stock markets gain
Gold prices are not far from unchanged on the day in early U.S. trading Tuesday. More chart consolidation and some…
Why gold is the dollar’s only real challenger among global currencies
The US dollar is back to highs not seen in three years, and that means the dollar-linked dirham is also…
Solidarity Fund: Dubai Islamic Bank unveils Dh120 million contribution
The Dubai Islamic Bank has announced on Saturday a Dh120 million contribution to the Community Solidarity Fund against COVID-19 launched…
COVID-19 response: DIFC announces Presidential Directive to protect firms, employees
Dubai International Financial Centre on Sunday announced DIFC Presidential Directive No. 4 of 2020, which seeks to help limit the…
Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm
Mayfair Bank Limited, associated with former Nairobi gubernatorial aspirant Peter Kenneth is on the verge of acquisition following a nod…
Gulf bonds prove resilience amid virus-induced adversity
As investors dealt with volatility across most of its prized asset classes, Gulf bonds are emerging resilient after yet another…
UAE is partially lifting its coronavirus lockdown measures
The UAE is partially lifting its coronavirus lockdown measures. From 24 April, residents will be allowed to leave their…
Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition…