UAE Central Bank fines an exchange house for compliance failure
The Central Bank of the UAE has fined an exchange house for failing to achieve the appropriate levels of compliance…
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Arab National Bank to Implement Open Hybrid Cloud Solutions
Saudi Arabia-headquartered Arab National Bank has reportedly signed on US-based open-source software provider Red Hat, Inc., for the latter’s open…
Jordan's Capital Bank plans to acquire Societe Generale Bank Jordan – chairman
The board of Jordan's Capital Bank approved a mandatory offer to acquire Societe Generale Bank Jordan (SGBJ), part of a…
MIS, Al-Rajhi Capital to launch $266mln Shariah-compliant investment fund
Saudi-based Al-Moammar Information Systems Co., and Al Rajhi Capital on Sunday launched signed a memorandum of understanding to launch a…
Global Bond Winners for 2021 All Came From Emerging Markets
Emerging-market bonds were supposed to be dragged down this year as central banks moved toward withdrawing stimulus. Instead, the best-performing…
$2.8bn boost for National Bank of Egypt’s retail portfolio expansion
The National Bank of Egypt will pump 45 billion Egyptian pounds ($2.8 billion) next year into its retail portfolio amid…
Ajman Bank and EDB collaborate to offer credit guarantees and co-lending support to SMEs
Ajman Bank and Emirates Development Bank (EDB) signed a preliminary agreement to offer a credit guarantee and co-lending package for…
Team8 and Deloitte collaborate in spreading Fintech availability
Israeli venture group Team8 announced that it is extending its relationship with Deloitte, a professional service firm, in order to…
Dubai Courts begin decriminalising bounced cheque cases
Dubai courts started implementing new amendments to the Commercial Transactions Law that decriminalise issuing cheques without sufficient funds. As…
Compliance deadline set for cyber security regulations in Bahrain
Businesses offering financial services have until March next year to fully comply with new Central Bank of Bahrain (CBB) regulations…
Amaar Real Estate and McKinsey & Company sign agreement
“Amaar Real Estate Company” and “McKinsey & Company” for management consultancy have signed an agreement. As per the agreement, the…
KPMG records strong growth in FY21 in the UAE
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September…