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Last Updated: Fri, Feb 27 2015 | 8:13 AM |
Visa says new online payments system to launch in UAE
Banking & Finance»

Visa says new online payments system to launch in UAE

Friday, 27 February 2015 9:43 AM

Electronic payments firm says Visa Checkout to be launched as part of global rollout

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Should the Gulf introduce VAT?
Politics & Economics»

Should the Gulf introduce VAT?

Friday, 27 February 2015 2:02 AM

The GCC’s plans to bring in value-added tax were withdrawn as a result of the global financial crisis. However, lower oil prices mean that the contentious topic is now back on the agenda

DIFC to adjust regulations to boost wealth managers
Banking & Finance»

DIFC to adjust regulations to boost wealth managers

Thursday, 26 February 2015 12:54 PM

New rules announced give investment firms more flexibility to classify their clients as professional

Banking & Finance»

HSBC bank executives apologise for "unacceptable events"

Thursday, 26 February 2015 12:26 PM

The CEO of scandal-hit bank HSBC has "apologized for failings in the operation of its Swiss private branch that allegedly helped clients avoid tax.

Former Leeds Utd boss launches proceedings to have GFH execs arrested
Politics & Economics»

Former Leeds Utd boss launches proceedings to have GFH execs arrested

Thursday, 26 February 2015 11:51 AM

Executives can be arrested in any country under Interpol rules if warrants issued by lawyers acting for David Haigh are granted

Austria passes
Politics & Economics»

Austria passes "Law on Islam" banning foreign money for Muslim groups

Thursday, 26 February 2015 9:41 AM

New law singles Islam out for special treatment

Qatar's Hassad Food eyes Brazilian sugar, poultry assets
Banking & Finance»

Qatar's Hassad Food eyes Brazilian sugar, poultry assets

Wednesday, 25 February 2015 2:47 PM

Agricultural arm of Qatar's sovereign wealth fund says looking at possible purchases in South America

Bahrain's GFH plans $230m sukuk to fund acquisitions
Banking & Finance»

Bahrain's GFH plans $230m sukuk to fund acquisitions

Wednesday, 25 February 2015 1:49 PM

Gulf Finance House says it is looking to acquire two or three regional companies this year

Abu Dhabi, Russia in talks to develop $200m Cuban transport project
Banking & Finance»

Abu Dhabi, Russia in talks to develop $200m Cuban transport project

Wednesday, 25 February 2015 12:22 PM

Project will serve as a hub for Latin America, include links from the seaport and a railway to the airport

Number of Dubai firms being used to send cash to Iran has
Politics & Economics»

Number of Dubai firms being used to send cash to Iran has "mushroomed"

Wednesday, 25 February 2015 11:01 AM

Suitcases full of dollars are carried on flights to Iran from Dubai, an Iranian government official says

Kuwait's Zain seeks to repatriate $280m from Sudan
Banking & Finance»

Kuwait's Zain seeks to repatriate $280m from Sudan

Tuesday, 24 February 2015 7:05 PM

Telecom operator has long faced difficulties changing revenue earned in Sudanese pounds into other currencies

Saudi's Mobily set to slash dividends after earnings scandal
Technology»

Saudi's Mobily set to slash dividends after earnings scandal

Tuesday, 24 February 2015 5:09 PM

Problems at Mobily came to a head last November when the company restated profits for 2013

UAE armed forces signs $200m deal for new helicopters
Transport»

UAE armed forces signs $200m deal for new helicopters

Tuesday, 24 February 2015 4:50 PM

Defence organisation says it has agreed contract with AgustaWestland to buy 9 AW139 helicopters

Gulf economies have failed to diversify, says Qatar official
Politics & Economics»

Gulf economies have failed to diversify, says Qatar official

Tuesday, 24 February 2015 1:35 PM

Qatar central bank governor's comments reflect concern in region about the impact of oil price plunge

Bahrain cenbank chief says lending to pick up after slump
Banking & Finance»

Bahrain cenbank chief says lending to pick up after slump

Tuesday, 24 February 2015 1:29 PM

Rasheed al-Maraj also says plunge of oil prices is not hurting liquidity in the banking system


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