Monday 22 January 2018

‘Vital for Bahrain firms to assess VAT impact’

It is vital that organizations in Bahrain evaluate the impact of value-added tax (VAT) on their operations and take measures to ensure a smooth roll-into VAT throughout the whole services’ supply chain, said an industry expert. Jamal Fakhro, managing partner of KPMG in Bahr


GCC Exchange wins top remittance service award

GCC Exchange, a leading provider of solutions for money transfer, remittance and foreign exchange, has been awarded the title of Fastest Growing Remittance Service Provider UAE 2017. The award was bestowed upon the company at the recently held fifth Annual International Finance A


GFH share contracts start Nasdaq Dubai trading

Bahrain-based GFH Financial Group has announced that the single stock futures contracts on the group’s shares have begun trading on Nasdaq Dubai’s equity futures market. With this, GFH joins 16 other leading UAE-listed companies whose futures already trade on the Nasd


GCC financial advisors positive about robo-advice

Forty-nine per cent of financial advisors in the GCC were upbeat about the prospects for robo-advice, even if only 35 per cent of them saw it as an opportunity for their businesses in 2017, said professional services firm EY in a new report. Twenty-two per cent saw robo-advice as


CBB, DFSA sign MoU for cooperation

The Central Bank of Bahrain (CBB) and the Dubai Financial Services Authority (DFSA) today signed a memorandum of understanding (MOU) in Bahrain.   The MoU provides a formal basis for supervisory cooperation and mutual support between CBB and DFSA. It paves the w


CBI appoints head of Retail Banking

Commercial Bank International (CBI), a UAE bank headquartered in Dubai, has announced the appointment of Shaker Zainal as the head of Retail Banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle East, Zainal joins CBI


Investcorp hosts UK school council dinner

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, recently hosted the Harvard Kennedy School Dean’s Council’s dinner at Claridge’s hotel in London, UK. Over 60 guests from the Council’s membership and the School&rs


Safwa Islamic Bank, MEPS ink co-op agreement

Jordan's Safwa Islamic Bank said it has signed a co-operation agreement with Middle East Payment Services (MEPS), a leading, innovative payment services provider in the Middle East, to issue Mastercard prepaid cards for its clientele. As per the deal, all of Safwa Islamic Bank&rsqu


Iran-China trade growth rate tops 20pc in 2017

Trade exchanges between Iran and China rose by 20.5 per cent in the first 11-month period of the past year, the Chinese envoy to Tehran was quoted as saying in a media report. Speaking at the first international conference on Iran and China relations, Pang Sen said that cooperati


$560m investment made in 260 Mena start-ups in 2017

Last year saw $560 million investment made in 260 start-ups across the Mena region, said a report from MAGNiTT, a major start-up website for entrepreneurs, investors, corporates and founders in the Middle East. 2017 proved to be a record year for the Mena start-up ecosystem, cont

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