As Kuwait stares down its first deficit in 20 years, the Gulf state is relying on its financial sector to help navigate choppy fiscal waters. Delayed plans to privatise the Kuwait Stock Exchange are finally on the home stretch and could prove vital to the country’s recovery
DIFC Courts is hearing a case against the Middle East branch of auditor Deloitte for allegedly failing to spot a complex money laundering scheme financing drug trafficking and terrorism from Lebanon. But the accusations also raise questions over whether regional operations of the ‘Big Four’ auditors are appropriately monitored.
New technologies are emerging in banking and finance at a rapid pace, as fintech, and blockchain in particular, revolutionise payments. The impact is expected to affect almost every industry in the GCC