New UAE law: 11 things all bank account holders should know
Changes to UAE’s Commercial Transaction Law – which include narrowing the scope for criminalisation of returned or “bounced” cheques due…
Regulation, Risk & Compliance
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QCB issues QR600m treasury bills for Jan
Qatar Central Bank (QCB) issued yesterday treasury bills for three, six and nine months, with a value of QR600m. …
DIFC launches specialised court for digital economy
The Dubai International Financial Centre Courts have announced a new specialised court to simplify the settlement process of complex civil…
Barwa Real Estate obtains three global accreditation certificates
Barwa Real Estate Group obtained three international accreditation certificates for its compliance with all requirements of the International Organization for…
Deal signed to provide strategic asset management solutions
FAB Properties, the real estate service provider specialising in end-to-end property solutions and First Abu Dhabi Bank (FAB), the UAE’s…
Emirates NBD and DIFC FinTech Hive enter fifth year of partnership to nurture FinTech ecosystem in UAE
Bank successfully concluded two sprints ofDIFC FinTech Accelerator 2021 Support of the female-focused career mentorship, AccelerateHer programme Emirates NBD has…
Saudi central bank to launch repo operations using Bloomberg from this month
The Saudi Central Bank (SAMA) has announced that it will conduct repo, reverse repo and Open Market Operations (OMO) with…
Suez Canal Bank participates in 2 securitisation issuances worth EGP 200mln
The Suez Canal Bank participated — with a value ranging from EGP 195m to EGP 200m — in the securitisation…
UAE cheque rules: A big leap towards global best practices
The UAE’s new law on decriminalisation of bounced cheques that became effective on Sunday has come as a great leap…
Saudi Central Bank approves Gulf Union Al Ahlia's capital raise to $122mln
The Saudi Central Bank (SAMA) has approved the capital increase of Gulf Union Al Ahlia Cooperative Insurance to SAR 458.9…
Suez Canal to establish sovereign wealth fund
The Suez Canal Authority (SCA), the government body that operates the Suez Canal, plans to establish its own sovereign wealth…
Turkey’s banking field registers USD5.8b of net profit
According to the Turkish banking regulator announcement on Wednesday, the country’s banking field recorded a 75.3 billion Turkish liras (USD5.8…