UAE budget balance improves as economy recovers from pandemic
The United Arab Emirates budget balance improved in the first half of the year as the economy began recovering from…
Regulation, Risk & Compliance
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Bank of Sharjah rewards shareholders with AED100m bonus share issue on back of strong underlying profitability
Approved bonus share issue is testament to Bank of Sharjah’s strong underlying profits for FY2020, of AED176m, and ongoing operational…
Banking system in Qatar proved ability to mitigate risks: QCB Governor at Qatar Economic Forum
Governor of the Qatar Central Bank HE Sheikh Abdullah bin Saoud Al-Thani, praised the banking and financial system in the…
Saudi Arabia Takes Banking Industry Leap by Approving Digital Banks
Keeping up with aspirations for developing the Saudi finance sector, the Saudi Cabinet gave the Kingdom's finance minister the green…
Saudi Cabinet authorizes finance ministry to issue licenses to STC Bank and Saudi Digital Bank
Saudi Arabia’s Cabinet on Tuesday gave its nod to the Kingdom’s finance minister to issue licenses for the country’s first…
Egypt eyes surge in fintech investment
New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the…
Digital licenses will lead to a ‘new style’ of banking, experts say
Saudi banking and financial experts have welcomed the Saudi Cabinet’s decision on Tuesday to approve the licensing of the first…
Saudi Arabia's Bank AlJazira markets AT1 Islamic bonds, document shows
Saudi Arabia's Bank AlJazira has given initial price guidance of between 4.25% and 4.375% for U.S. dollar-denominated Additional Tier 1…
Egyptian president approves July pension and wage increases
Egypt’s official gazette published President Abdel Fattah El-Sisi’s decision to increase pensions as of the beginning of July, Al Arabiya…
Saudi finance minister issues license for STC and Saudi Digital banks – cabinet
Saudi Arabia's cabinet has given approval to the kingdom's finance minister to issue license for the country's first digital banks,…
Saudi Arabia to improve its legislative and business environment
In the latest series of Saudi Arabia's bold economic and social reforms, HRH Crown Prince Mohammed bin Salman has announced…
DFSA imposes restrictions on FFA Private Bank (Dubai) Limited
The Dubai Financial Services Authority (DFSA) announced that it has imposed restrictions on FFA Private Bank (Dubai) Limited (FFA) prohibiting…