Federal Financial System becomes VAT compliant
The Ministry of Finance (MoF) announced that the Federal Financial System has been updated and is ready to manage all…
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Saudi HNWIs boost demand for 2nd passport by 70pc
High net worth families and residents in Saudi Arabia contributed to over 70 per cent increase in demand for second…
Digital transformation: The catalyst for sustainable logistics operations
According to a report by the Global Logistics Emission Council, the logistics industry generates close to 6 per cent of…
Sovereigns dominate sukuk market in 2017, trend expected to continue in 2018
Ratings agency Moody's estimated in a report released on December 5 that total sukuk issuance for 2017 would be around…
Banks need to adapt to millennials: Experts
Retail banking industry needs to start making more changes to appeal to its millennial customers and to avoid fintech companies…
Qatar central bank’s international reserves, liquidity rise in November
The Qatar central bank’s international reserves and foreign currency liquidity rose slightly in November, official data showed on Sunday, as…
Qatari lenders strained under the ongoing diplomatic row
Government deposits have extended a lifeline to Qatari banks, easing some of the damage of deposits outflow in the…
Dubai joins the big league
The economic diversification drive initiated by the GCC governments has started to bear fruit, as Dubai enters the ranks of…
Saudi forex reserves rise for second month
The Saudi Arabian central bank’s foreign reserves rose in November for a second straight month, in a sign that higher…
NDFI Pledges Support for Exports to Oman
The director of the National Development Fund of Iran pledged the sovereign wealth fund’s support for companies exporting goods and…
Saudi businessman in debt dispute reportedly released from detention
A Saudi Arabian businessman whose family’s commercial empire is involved in a multi-billion dollar debt dispute has been released from…
Money laundering: AB Bank ex-chairman M Wahidul Haque at ACC
The interrogation started at ACC headquarters around 9:00am, commission’s Press Relations Officer Pranab Kumar Bhattacharya told The Daily Star …