Central Bank releases broad regulation aimed at data privacy
The UAE’s Central Bank released a long-awaited regulatory framework for virtual currencies and electronic payment systems, aimed at digital payment…
Comment & Analysis
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IDB voices concern over changes in Islami Bank
Saudi Arabia-based Islamic Development Bank has expressed its concern over the massive reshuffle in the country’s largest private bank, Islami…
Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17
The drop of the Egyptian pound against the US dollar by more than 70% put Egypt through a number of…
DFSA to co-host the 11th Annual MENA Regulatory Summit
The Dubai Financial Services Authority (DFSA) will be delighted to co-host the 11th Annual MENA Regulatory Summit with Thomson Reuters…
The Oil War Is Only Just Getting Started
It’s been a month now that investors and analysts have been closely watching two main drivers for oil prices: how…
Lebanon To Put Future Oil Money In Sovereign Wealth Fund
Lebanon will place all future oil revenues in a sovereign wealth fund to invest in development projects, President Michel Aoun…
Kuwait sovereign fund says it will focus on technology, infrastructure
The two main investment priorities of the Kuwait Investment Authority this year are technology and infrastructure, the sovereign wealth fund's…
Gulf companies could attract more investors through good governance, report says
Lagging corporate governance continues to hold back companies in the Gulf from unlocking capital markets and cutting the cost of…
Dubai Islamic Bank mandates banks for potential sukuk sale
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, has appointed banks ahead of a potential benchmark-sized…
Saudi Arabia condemns Israel for ‘Judaization’ of Jerusalem
Saudi Arabia accused Israel of the “Judaization” of Jerusalem, Judea and Samaria after Prime Minister Benjamin Netanyahu announced the construction…
Changing dynamics could impact global sustainability, says Doha Bank CEO
Doha Bank recently hosted a knowledge sharing session on ‘Changing International Dynamics on Foreign Policies and Allied Opportunities’ at the…
Omani banks face profitability pressures from slower economy: Moody’s
The three largest Omani banks — BankMuscat, Bank Dhofar and National Bank of Oman — are facing dual profitability pressures…