Egyptian bank CIB says chairman stepping down
Commercial International Bank Chairman Hisham Ezz al-Arab is stepping down with immediate effect under orders from the central bank, which…
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BENEFIT strategic partner of Bahrain central bank’s digital lab
BENEFIT, Bahrain’s innovator and leading company in Fintech and electronic financial transactions services, has announced its strategic partnership with FinHub973:…
Dubai Crown Prince launches AED500 million economic stimulus package
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed Bin Rashid…
UAE merges insurance authority with central bank
The UAE has taken a decision to merge the Insurance Authority with the central bank, His Highness Sheikh Mohammed bin…
Central Bank of Bahrain launches 'FinHub'
The Central Bank of Bahrain, in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank…
Sukuk issuance seen recovering from COVID stress
Global sukuk issuance volumes are expected to recover and reach last year’s levels in 2020 despite the unprecedented stress from…
UAE merges insurance authority with central bank – Dubai ruler tweet
The United Arab Emirates has taken a decision to merge the Insurance Authority with the central bank, Dubai's ruler Sheikh…
UAE invests in Lulu group
ADQ, Abu Dhabi investment firm has gained the legacy license of First Gulf Bank, which lead to it working on…
UAE to impose new rules on mandatory reserves for financial institutions – state media
The United Arab Emirates Central Bank said on Thursday that from Oct. 28, it will introduce new regulations on reserve…
QIB successfully closes $750m 5-year Sukuk
Qatar Islamic Bank, rated A1/A-/A (all stable) by Moody’s/Standard & Poor’s/Fitch, successfully closed a $750m 5-year Sukuk with a profit…
Getting tax submissions wrong now come with a much stiffer penalty in UAE
Each voluntary disclosure made by UAE businesses on their taxes will now cost them dearly – a federal court ruling…
UAE's revised Bankruptcy Law extends valuable 12 months to struggling businesses
Winning an additional 12 months to pay off claims will be the biggest gain for troubled business from the UAE’s…