ICO regulations to hit the United Arab Emirates in early 2019
Regulations on Initial Coin Offerings (ICOs) are set to be introduced by the financial watchdog of the United Arab Emirates…
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Standard Chartered to make top level changes in Gulf ops
Boutros Klink is appointed CEO, Middle East, excluding the UAE. In his expanded role, he will have oversight over all…
Invest Bank seeks fresh capital infusion to strengthen balance sheet
Sharjah-based Invest Bank has been hit by high levels of non-performing loans (NPLs), largely from its exposure to cyclical down…
Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority…
Kingdom of Bahrain ‘can become global open banking leader’
The financial services sector of the Kingdom of Bahrain is on the way to being a global pace setter in…
Middle East investment in London set to rise 30% in 2018
Middle Eastern investment in London is expected to top £1.38 billion ($1.75 billion) in 2018, up 30 percent on last…
Kuwait's plan to reduce expats 'to impact economic growth'
Kuwait's plan to cut expat numbers by 1.5 million over the next seven years will impact economic growth, according to…
The $259bn question: Saudi Arabia's 2019 budget under the microscope
Saudi Arabia’s 2019 budget is undoubtedly ambitious — but is it realistic? That was a key question being asked on…
Dubai resident returns to find $1m missing from bank account
A Dubai resident got the shock of his life when he found out that he lost $1 million (Dh3.67 million)…
Lebanon finance, foreign ministers to stay
Lebanon’s finance and foreign ministers will keep their posts in the new national unity government, sources said on Wednesday, with…
Doha Bank opens representative office in Nepal
Doha Bank, one of the largest commercial banks in Qatar, has opened its liaison office in Nepal as per the…
Majority in Gulf ‘prefer online banking’
The majority of customers in the Gulf region clearly prefers to handle their daily banking transactions from their phones and…