03/15/2022
The initiative is expected to achieve annual financial savings exceeding Dhs1bn over the next five years and the elimination of nine million physical customer visits to service centers annually
03/15/2022
Lebanese banks have imposed informal capital controls since the economic crisis began in October 2019 after decades of corruption and mismanagement by the country’s political class.
03/14/2022
The UAE Ministry of Finance and OECD officials also discussed the need to address base erosion, profit shifting, economic substance regulations, and common reporting standards
03/14/2022
The Central Bank of Bahrain announces that the monthly issue of the Sukuk Al-Salam Islamic securities, has been oversubscribed by 180%
03/13/2022
Countries face a challenge in replacing supply of commodities from Russia and Ukraine
03/11/2022
The program encourages Saudi banks to loan to small businesses by guaranteeing a portion of the funds, and was launched in response to the coronavirus-related economic downturn in Saudi Arabia.
03/11/2022
Open for public consultation until May 6, the proposed regulations are aimed at protecting investors and ensuring market integrity
03/11/2022
The DFSA found that, in making these statements, Paymentology disseminated misleading or deceptive information in breach of DFSA administered legislation.
03/11/2022
Both Dalma and Mr Cefaratti dispute the DFSA’s findings and have referred the Decision Notices to the Financial Markets Tribunal
03/11/2022
The second agreement concerns the Mediation and Arbitration Centre of the Union of Arab Banks, with a partnership agreement aimed at resolving disputes between the various Tunisian banks.
03/11/2022
Founded in 1957, Al Rajhi Bank is considered one of the world's largest Islamic banks by capital value.
03/10/2022
A regulatory authority will be established under the new law to oversee the sector
03/10/2022
Banks have denied claims of favoritism toward certain clients, and say they have consistently called on the government to introduce a capital control law to regulate the sector — something the government has failed to do.
03/10/2022
The new rules will take effect on 21 March 2022 and will replace rules which have been in place since 2007.
03/09/2022
QFB has recently announced its financial results for the year ending 31 December 2021
03/08/2022
Across its 50+ offices globally, Alvarez & Marsal supports the advancement of women through mentorship, training and flexible work models that help women thrive both professionally and personally.
03/08/2022
This comes in line with SAMA’s mandate of promoting financial sector stability, supporting economic growth and enhancing its support to MSMEs development.
03/07/2022
“If this is not accepted, then the bank has no choice but to close the account.”
03/07/2022
The organization noted that the UAE “has made progress” in strengthening anti-money laundering measures
03/07/2022
The new rules will take effect on 21 March 2022 and will replace rules which have been in place since 2007.