Regulation, Risk & Compliance

Regulation, Risk & Compliance

Sharjah Chamber, Emirates Development Bank sign MoU to support industrial & SME sector

July 12, 2021

The Sharjah Chamber of Commerce and Industry and Emirates Development Bank has  signed a Memorandum of Understanding  to foster the…

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Environment and Sustainable Investments

Dentons advises Aldar Properties on first of its kind sustainability-linked loan of AED300 million from HSBC Bank Middle East

July 12, 2021

Dentons has advised Aldar Properties  on a sustainability-linked loan of AED300 million from HSBC Bank Middle East. The five-year financing…

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Islamic Finance

Emirates Islamic launches campaign to provide relief to SMEs amid surges in freight costs

July 12, 2021

Emirates Islamic has introduced a preferential pricing campaign, aimed to assist existing small and medium enterprise  clients, by offering relief…

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FinTech

Standard Chartered UAE and Visa launch multi-currency account for international payments

July 12, 2021

Standard Chartered UAE Sunday announced the launch of a Multi-Currency Account, in partnership with Visa, a leading global payments technology…

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FinTech

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

July 9, 2021

Following an approval from the Securities and Commodities Authority (SCA), Abu Dhabi-based multi-asset regulated brokerage firm, Aarna Capital Limited (“Aarna”),…

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Legal

Saudi's AHAB nears end of years long debt dispute

July 9, 2021

After more than 12 years of back and forth between the Algosaibi family’s conglomerate AHAB and its creditors, one of…

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Legal

Turkey central bank governor under investigation for plagiarism

July 9, 2021

Turkey's central bank governor Şahap Kavcıoğlu is under investigation for plagiarism by his former university.   Istanbul’s Marmara University is…

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Regulation, Risk & Compliance

Banks asked to prepare long-term NPL strategy

July 9, 2021

Banks operating in Turkey have been obliged to submit a new long-term credit strategy plan and establish a separate unit…

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FinTech

Mauritius Commercial Bank Ltd to adopt MITECH's TRAC Collateral Management system in the Cloud

July 9, 2021

The Mauritius Commercial Bank Ltd  is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant…

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Pensions

Saudi pension changes could hamper early retirement plans

July 9, 2021

Saudi authorities are mulling changes to the way pensions work in the kingdom, forcing nationals to put more money in…

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FinTech

Al Maryah Community Bank receives its final central bank approval

July 8, 2021

The Al Maryah Community Bank has received approval from the UAE Central Bank, and making available its banking products and…

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Regulation, Risk & Compliance

BAB signs MOU with Iraq Private Banks League

July 8, 2021

The Bahrain Association of Banks (BAB) has signed with Iraq Private Banks League (IPBL) a memorandum of understanding aimed at…

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