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FRA updates M&A rules for NBFIs
The amendments aim to enhance competitiveness and streamline the approval process
NTRA issues new regulations for telemarketers
Telemarketers have one month to register their numbers with an NTRA database
FRA issues controls for licensing robo-advisors
Robo-advisors are AI-powered virtual financial advisors that manage investment portfolios
CBE introduces new anti-money laundering rules for better cash flow monitoring
Banks will have a six-month window to implement the new measures
Charge in FX, pay VAT in FX. No exceptions.
The ministry introduced new rules last month requiring businesses pricing goods and services in hard currency to settle VAT in…
FRA rolls out new trading regs to reduce market risk
The amendments aim to stabilize the market, regulate margin trading, reduce default risks, and protect traders’ rights
Bids roll in for the FRA’s credit rating license. PLUS: Arab agri investment, Megamind, and Gulf nations
Three consortiums have submitted bids for the FRA’s credit rating license
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
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