Fully-fledged Islamic banks’ assets in the UAE during 2020 accounted for about 19 per cent of total banking system assets, while Islamic windows’ [Islamic financial services offered by conventional …
Islamic banks account for 19% of UAE banking assets
Fully-fledged Islamic banks’ assets in the UAE during 2020 accounted for about 19 per cent of total banking system assets, while Islamic windows’ [Islamic financial services offered by conventional …
UAE: Why the hybrid work model is here to stay
HR industry executives, and senior officials from management consulting firms, believe that the hybrid work model is the new norm in the UAE, and it’s here to stay. Barring certain sectors such as …
China unhappy with Nepal over disclosure of Sinopharm COVID-19 vaccine price
Nepal is planning to buy Chinese firm Sinopharm’s COVID-19 vaccine under a non-disclosure agreement but some media publications have disclosed the procurement price of Sinopharm vaccine amounting to …
ADB approves USD 250 million loan to Bangladesh for finance reforms
The Asian Development Bank (ADB) has approved a USD 250 million policy-based loans to Bangladesh to help finance reforms, the bank said in a release …
Finance Bill and constitutional contraventions
The Finance Bill, 2021 proposes a highly lamentable and unconstitutional amendment. In effect, it provides that the aggrieved taxpayer will have to deposit 100 percent of the demand upheld by any …
Brazil Deaths Reach 500,000; U.S. Shots to Taiwan: Virus Update
Brazil reached 500,000 deaths from Covid-19 on Saturday, a toll second only to the U.S. As the milestone was officially passed, thousands protested in major cities against President Jair Bolsonaro and …
PM outlines Amir’s vision for Qatar
In an exclusive and comprehensive interview with the chief editors of Qatari newspapers, HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani, talks in …
EU, Jordan consolidate partnership on anti-money laundering and counter-terrorist financing
The EU Global Facility on Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) on Saturday concluded a four-day scoping mission to Jordan, where they met with representatives from …
India extends $100-mn Line of Credit to Sri Lanka to finance solar projects
The agreement was signed between High Commissioner of India to Sri Lanka Gopal Baglay and Sri Lankan secretary to treasury S.R. Attygalle in the presence of president Rajapaksa..Exim Bank has so far …