Banking & Finance

Competition Regulation Committee holds first 2018 meeting discussing punitive measures to address credit card infringement practices

  • Al Shehhi: There is a need to discuss steps aimed at adjusting the fees of credit card companies based on international rates and to address monopolies in this area 
  • UAE Competition Law enforces penalties of up to AED 5 million for offenders 


Tally announces a latest software update – Tally.ERP 9 Release 6.4 to help businesses file VAT returns with ease

The update comes with new features to ensure accurate VAT returns

In the run-up to filing tax returns, businesses in the UAE can now upgrade to the latest version of Tally.ERP 9. The recently launched version, Tally.ERP 9 Release 6.4 targets to simplify VAT filing and make the entire process easier and more effective. Businesses across sectors are urged to upgrade to the latest VAT-ready software.

Apprehensions edge away as VAT becomes the new normal norm

Opinion Piece by Vikas Panchal, Business Head at Tally Solutions in the Middle East, a leading international accounting and compliance software provider which has recently introduced Value Added Tax (VAT) software Tally.ERP 9 Release 6.3 to help businesses comply with VAT protocol and procedures. Trusted by more than 1.2 million businesses globally, Tally Solutions already includes a list of 40,000 satisfied clients across GCC.

RIPE NCC hosts roundtable discussion on secure and resilient Internet banking in Lebanon

  • Event designed to ensure local banks’ full network autonomy and Internet access resiliency
  • Training on cyber threats and cybercrimes also held in the country

Abdul Razzak Achour, Chairman & General Manager of Fenicia Bank receives Golden Medal of Merit for wise leadership across the region

The Chairman & General Manager of Fenicia Bank Abdul Razzak Achour received the Golden Merit Award at a ceremony honoring the winners of the “Arab Eagle Award for Public Management Strategies 2017” organized by the Tatweej Academy for Excellence Awards in the Arab region in Dubai last week.