Saudi Arabia's AlAhli Takaful, Arabian Shield merger now 'effective'
Saudi Arabian insurer AlAhli Takaful Company announced on Wednesday the effectiveness of its merger deal with Arabian Shield Cooperative Insurance…
Regulation, Risk & Compliance
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Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country
African Export-Import Bank and the National Bank of Egypt has signed a Memorandum of Understanding to promote trade and investment…
UAE, UK to explore clean hydrogen opportunities through new partnership
A new partnership has been signed between the United Arab Emirates (UAE) and the UK which aims to explore opportunities…
Israel's One Zero Digital Bank gains full licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
Emergency liquidity available for Egyptian banks
Egyptian banks will have access to a new stream of emergency cash, after the country’s Central Bank signed off on…
United Arab Bank implements Complete Data Protection
Commvault, a recognised global enterprise software leader in the management of data across cloud and on-premise environments, has been selected…
Six decrees issued to regulate Dubai Chambers, their Boards of Directors
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime…
Financial soundness of UAE banks robust, says central bank
The aggregate data on the UAE’s banking sector for the first nine months from the Central Bank of UAE (CBUAE)…
NCB, Samba complete final phase of merger creating Saudi Arabia’s largest bank
The National Commercial Bank, or NCB, concluded the final phases of a merger deal with Riyadh-based Samba Financial Group on…
UAE Central Bank M1 increased by 2.1% at end of November 2021
The Central Bank announced that the Money Supply aggregate M1 increased by 2.1%, from AED 671.6 billion at the end…
UAE Faces Risk of Inclusion on Global Watchlist Over Dirty Money
The United Arab Emirates is at increased risk of being placed on a global watchdog’s list of countries subject to…
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…