Beijing, China--China maintained a basic balance in its international payments last year, with its current account surplus amounting to US$264.2 billion, the country's foreign exchange regulator said on Sunday. According to China Central Television, the State Administration of Foreign Exchange (SAFE) disclosed that the ratio of the current account surplus...

Dubai, UAE--The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a memorandum of understanding (MoU) with ‘Zand Digital Bank’ identifying Zand as an approved bank authorised by DLD to oversee real estate development escrow accounts and offer associated services. Real estate escrow accounts are...

Dubai, UAE--The New York Times's Gaza hospital blast investigation does not conclude in any way who is responsible for the deadly explosion at the al-Ahli hospital on October 17. Nevertheless, they assert that the projectile seen in the Al Jazeera live footage, cited by many as central to the investigation,...

Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic Republic of Iran, the bank announced on Thursday. The service is available to both individuals and businesses using their Sber accounts, according to the bank.   “The money transfer service...

Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has revealed that its total foreign assets increased to $161.22 billion at the end of June, from $160.70 billion in May. The UAE's current account balances and deposits with banks abroad amounted to $99 billion by the end of...

Seen as a key culprit in the country's dramatic economic crash, former governor Riad Salameh's bank accounts were ordered to be frozen by Lebanon days after the the US, the UK and Canada slapped him with sanctions. The central bank has ordered the lifting of banking secrecy and the freezing...

Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report published by global expat network InterNations. The country gained the higher position out of all the countries in the Middle East thanks to the ease of getting a visa, dealing...

Cairo, Egypt--Egypt’s current account deficit fell 77.2 percent to $1.8 billion in the first half of the North African country’s current fiscal year. According to its central bank, the deficit reduction was fueled by Egypt’s current account turning a $1.41 billion surplus in the October to December quarter of 2022...

Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused them of endangering his family. Musk carried out a Twitter poll asking whether he should restore the suspended accounts now or in a week's time. Nearly 59 percent of the...

The account was in action briefly later in the day, after Twitter sent out word that it updated its policy to prohibit tweets, in most cases, from giving away someone's location in real time. "Yes I am back!" read a tweet fired off by @ElonJet, which added a link to...

India seized $725 million from the local bank accounts of Xiaomi after a probe found the Chinese smartphone giant unlawfully sent money abroad in the guise of royalty payments, authorities said Saturday. The firm's India office was raided in December in a separate investigation over alleged income tax evasion.

An agreement has been signed to build capacities to establish a sustainable national accounting system in Jordan.

The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one     Jingle Pay, a UAE homegrown money service business, will offer its customers an option to open an Islamic account or opt for a conventional alternative In a statement, the...