Mobile banking company REZQ-Baraka raises $20m for expansion
Zurich Capital Funds Holding (ZCFH) has marked the beginning of an exciting new chapter in its ongoing journey towards expanding…
Regulation, Risk & Compliance
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Sharjah Chamber, Emirates Development Bank sign MoU to support industrial & SME sector
The Sharjah Chamber of Commerce and Industry and Emirates Development Bank has signed a Memorandum of Understanding to foster the…
Dentons advises Aldar Properties on first of its kind sustainability-linked loan of AED300 million from HSBC Bank Middle East
Dentons has advised Aldar Properties on a sustainability-linked loan of AED300 million from HSBC Bank Middle East. The five-year financing…
Emirates Islamic launches campaign to provide relief to SMEs amid surges in freight costs
Emirates Islamic has introduced a preferential pricing campaign, aimed to assist existing small and medium enterprise clients, by offering relief…
Standard Chartered UAE and Visa launch multi-currency account for international payments
Standard Chartered UAE Sunday announced the launch of a Multi-Currency Account, in partnership with Visa, a leading global payments technology…
Aarna Capital Limited, a member of DGCX, becomes the first ADGM company to be recognized as a General Clearing Member of DGCX in Abu Dhabi
Following an approval from the Securities and Commodities Authority (SCA), Abu Dhabi-based multi-asset regulated brokerage firm, Aarna Capital Limited (“Aarna”),…
Saudi's AHAB nears end of years long debt dispute
After more than 12 years of back and forth between the Algosaibi family’s conglomerate AHAB and its creditors, one of…
Turkey central bank governor under investigation for plagiarism
Turkey's central bank governor Şahap Kavcıoğlu is under investigation for plagiarism by his former university. Istanbul’s Marmara University is…
Banks asked to prepare long-term NPL strategy
Banks operating in Turkey have been obliged to submit a new long-term credit strategy plan and establish a separate unit…
Mauritius Commercial Bank Ltd to adopt MITECH's TRAC Collateral Management system in the Cloud
The Mauritius Commercial Bank Ltd is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant…
Saudi pension changes could hamper early retirement plans
Saudi authorities are mulling changes to the way pensions work in the kingdom, forcing nationals to put more money in…
Al Maryah Community Bank receives its final central bank approval
The Al Maryah Community Bank has received approval from the UAE Central Bank, and making available its banking products and…