03/22/2019
ADCB and UNB shareholders greenlight mega-merger
The new entity will also include Al Hilal Bank and have a net profit of Dh6.1b
Legal, Tax, Regulation & Compliance
03/22/2019
EBRD weighs up Africa development push
Its success in the MENA region could help convince sceptical shareholders to go ahead.
03/22/2019
QCB governor attends GCC meeting in Oman
It also discussed the dialogue between monetary institutions and central banks in the GCC countries and some groups and economic blocs as well as other related topics.
03/21/2019
UAE banks suspend credit, debit cards as customers don't update Emirates ID
Customers are urged to immediately update their details with the banks.
03/21/2019
Bahrain central bank cuts one-month deposit rate -statement
Bahrain’s key policy interest rate is the one-week deposit facility, which remained unchanged at 2.75 percent.
03/21/2019
Mauritius leader hails global role of Saudi crown prince
The crown prince has a strong voice in the region and the world at large; he is sagacious and has foresight.
03/21/2019
CBD partners with Takaful Emarat
Our aim is to increase our clients' efficiency by optimizing and streamlining their banking experience, helping them to save time, effort and money.
03/21/2019
Some UAE residents' credit, debit cards suspended for failing to update Emirates ID details, banks confirm
If you haven't been able to use your card at the cashier or ATM, here's why
03/20/2019
Gulf Bank partners with Dell to drive regional innovations
This collaboration was announced at the Dell Technologies Forum held at Jumeirah Messilah’ Beach Hotel in Kuwait.
03/20/2019
Bahrain invites Indian fintech firms to set up base
Bahrain Economic Development Board senior manager Dalal Buhejji said: "Central Bank of Bahrain has put in the right ecosystem to support growth and innovation.
03/20/2019
Top UAE Bankers Affirm Continued Support For Debt Settlement Bank Initiative
The Debt Settlement Fund recently announced that AED361 million in loans of 3,310 UAE nationals have been waived off in cooperation with 13 banks.
03/20/2019
UAE financial adviser consolidation gathering pace
Smaller companies may need to merge to stay in the business
03/20/2019
UBF council explores UAE's evolving banking sector
With UAE Banks operating with high capital, the outlook for the sector remains positive and we are confident that it is well-positioned for future growth over the coming year."
03/19/2019
UAE the hub of Panama's Middle East strategy, says ambassador
Dubai's non-oil trade with Panama amounted to $42m in 2018
03/18/2019
UAE Central Bank foreign currency assets hit $94.82bln in January
The total foreign currency assets held by the Central Bank of the UAE indicated a growth of 6.7%
03/18/2019
Saudi Arabia's New Rules Set to Raise Islamic Tax for Some Banks
That’s equivalent to a corridor of between 10 percent and 20 percent of net income, Bloomberg Intelligence analyst Edmond Christou said.
03/18/2019
UAE authorities introduce passporting regime for investment funds
Financial regulators in the United Arab Emirates (UAE) have formally introduced new investment fund passporting protocols across the country.
03/18/2019
Bahrain issues new cryptoasset rules
The Central Bank of Bahrain (CBB) has published final rules allowing for the regulation and licencing of dealing, advisory, and portfolio management services in accepted crypto-assets and as a cypto-asset exchange.
03/18/2019
Saudi insurers face upheaval as regulator mulls capital hike
Draft insurance rules contain proposals to increase minimum capital requirement five-fold, Moody's analyst says
03/18/2019
Qatar freezes new business for First Abu Dhabi Bank amid currency probe
Qatar keeps its riyal pegged at a fixed rate to the U.S. dollar, but saw it trade several percent weaker than its usual rate of 3.64 per dollar in offshore markets just after the Gulf dispute began.