12/05/2022
JSF report sheds light on Jordan’s ‘robust’ banking sector
The forum said that Z-Score is calculated based on comparison between countries on the basis of capital adequacy and return ratio, and the level of volatility of those returns.
Legal, Tax, Regulation & Compliance
12/05/2022
CBE grants ADIB-Egypt preliminary approval to launch prepaid card Takka
ADIB-Egypt had obtained at the end of last year the Financial Regulatory Authority’s approval to launch ADI-CF, the bank’s wholly-owned and dedicated consumer financing arm
12/02/2022
Egypt's net foreign assets continue to fall in October
The decrease works out to about $228mln after calculating for devaluations during October
11/30/2022
The BIBF receives a number of Arab Central Bank Governors
To discuss areas of cooperation in training and development
11/29/2022
Baker McKenzie awarded “Employment Team of the Year” at The Oath Middle East Legal Awards 2022
The “Employment Team of the Year” award recognized Baker McKenzie’s legal expertise, innovation in service delivery and project management in relation to the landmark employment matters and projects in the region.
11/28/2022
Alvarez & Marsal releases Q3 2022 Saudi Arabia Banking Pulse
Top 10 Saudi banks report jump in profit off the back of rising interest rates, improved cost efficiency and lower impairment charges
11/28/2022
Federal Tax Authority holds awareness seminar about the EmaraTax platform on World Future Day
The session explored the platform’s role in shaping a more advanced future tax system
11/25/2022
Turkiye central bank says easing done after a policy rate cut to 9%
Liam Peach, senior emerging markets economist at Capital Economics, said there is still a risk of further cuts in coming months.
11/21/2022
UBF commits to UAE’s sustainable socio-economic growth
UBF praised the continuous support and guidance from the Central Bank of the UAE in developing policies and regulatory frameworks to maintain the safety of the banking system
11/21/2022
Banque du Caire establishes Cairo Exchange with authorized capital of $10.18mln
Work is scheduled to start at the end of this month, and three branches are being prepared in the regions of Disouq, Sohag, and Hurghada to launch before the end of this year
11/21/2022
Saudi SMEs need to transform into resilient, tech-savvy operations to go global: KPMG
It suggested that SMEs will also need to use third parties to accelerate digitization, enabling them access to the technical skills and experience required to build new digital solutions, elevate capabilities, monitor performance, and sustain contractor r
11/18/2022
Alpadis Group obtain license, open new office in Dubai International Financial Centre
Alpadis Group secure license to operate in DIFC, to offer more solutions for financial services, Family Office, Holding companies, investment funds and other structures
11/18/2022
Regional security top of the agenda for Arab leaders in Bahrain
Annual summit in Manama will cover Russia's invasion of Ukraine and Iran
11/18/2022
UAE's Emiratisation drive: Here's how much salary professionals earn
Emirati talent has increased significantly in recent years due to the ongoing educational initiatives by the government
11/17/2022
Saudi Arabia establishes its open banking framework
The most mature open banking regimes globally are in Europe, where the conversation has already turned to the establishment of broader ‘open finance’ frameworks.
11/16/2022
CBB Sukuk Al-Salam securities fully subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days
11/16/2022
President highlights UAE’s ambitious, yet balanced, approach to achieve sustainable outcomes at G20
Mohamed thanks Indonesian presidency for great G20 efforts, wishes success for India
11/14/2022
United Arab Emirates: The Dubai Financial Services Authority introduces a regulatory framework for recognized crypto tokens
In early 2022, the Emirate of Dubai also introduced the Virtual Assets Law and established the Virtual Assets Regulatory Authority (VARA) as Dubai’s primary virtual assets regulator.
11/14/2022
First Middle East exchange launches corporate climate change disclosure initiative
IFC will provide technical support and training to the employees of the Amman Stock Exchange and its listed companies
11/09/2022
Saudi Kayan signs murabaha facility worth $800mln
The facility to be used to support working capital requirements