International gangs, apps hit Kuwait – Bank accounts targeted
After the Public Prosecution rang alarm bells about electronic fraud, announcing that it had received 300 complaints from the victims,…
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Israel awards license to new digital bank
Israel's banking regulator on Sunday approved the establishment of a new digital bank, Esh Bank Israel, in a rare move…
Bank of Israel gives green light to Palo Alto’s Nir Zuk for new digital bank
founder of cybersecurity giant Palo Alto Networks. (Courtesy/Bank of Israel) Israel’s central bank on Sunday granted a conditional license…
UAE fines six companies $871,000 for breaking anti-money laundering law
The UAE has fined six companies Dh3.2 million ($871,000) for breaching provisions of the Anti-Money Laundering and Counter Terrorism Financing…
UAE Central Bank issues new anti-money laundering guidelines for insurance sector
The UAE Central Bank has issued new guidelines for the licensed financial institutions operating in the insurance sector as it…
First Abu Dhabi Bank teams up with ports, customs, freezones for cashless payments
First Abu Dhabi Bank (FAB), the UAE's biggest lender, has created a cashless payment system in collaboration with Magnati, PayRow…
Investment portfolios rearrange accounting books: Analyst
The Qatar Stock Exchange index gained 12.09 points, or 0.11 percent at the end of trading this week, rising to…
GCC countries to benefit from international energy market developments in 2023: EIU
GCC countries will benefit the most from international energy market developments in 2023, the Economist Intelligence Unit said and noted…
Egypt’s economic growth to decline to 4.5% in FY 2022-23: World Bank
Egypt’s economic growth is expected to decline to 4.5 percent in the fiscal year 2022-23 from 6.6 percent in 2021-22,…
France’s Emmnuel Macron urges Lebanon to ‘get rid’ of leaders blocking reforms
French President Emmanuel Macron called on Lebanon Friday to “get rid” of politicians who have for months blocked sweeping reforms…
Egypt’s social protection spending records EGP 302.2bn in FY2022/23’s draft budget
In the draft general budget for FY2022/23, Egypt allocated support amounting to EGP 302.2bn for social protection, compared to actual…
Central Bank of Egypt sets new measures for fraudulent and abusive use of credit, debit cards overseas
According to a circular issued on Thursday, the CBE said it has noticed that there are credit and debit cards…