Crypto payments banned in Turkey — Is this just the beginning?
Buying something with Bitcoin (BTC) in Turkey will soon be illegal, and the topic of crypto payments has become a…
Regulation, Risk & Compliance
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Consolidation spree in the Saudi insurance sector continues
It has been over a year since I addressed this important trend in the Saudi insurance sector. Since then, companies…
Emirates NBD and Etihad Credit Insurance sign agreement to ease bank's businesses access to trade finance
Etihad Credit Insurance (ECI), the UAE Federal export credit company, and Emirates NBD have signed an agreement that will improve…
FTI Consulting launches its IGP&S practice in the Middle East
FTI Consulting,has announced the addition of Senior Managing Director Nick Athanasi to the firm’s Technology segment in the Europe, Middle…
S&P views economic, industry risks in UAE's banking sector as stable
S&P Global Ratings has classified the UAE’s banking sector in group '5' under its Banking Industry Country Risk Assessment (BICRA).…
IMF calls for "strong" fiscal consolidation in Kuwait
The International Monetary Fund said on Thursday Kuwait would need strong fiscal consolidation to support growth after its finances were…
Review of Banking and Monetary Developments –…
Data issued by the Central Bank of Oman indicated that the total deposits held with ODCs registered a Y-o-Y growth…
Turkish central bank holds rates, drops policy pledge under new chief
Turkey’s central bank held rates steady at 19 percent as expected on Thursday and dropped a pledge to tighten policy…
G20’s missed opportunity
This month, G20 finance ministers agreed to a proposal to issue $650 billion worth of the International Monetary Fund’s reserve…
Abu Dhabi based LuLu Financial Holdings appoints former ADGM FSRA CEO to its Board of Directors
LuLu Financial Holdings has announced the appointment of Richard Teng, former CEO of Financial Services Regulatory Authority at Abu Dhabi…
Abu Dhabi unveils intense plan for combating commercial fraud
The Abu Dhabi Department of Economic Development has announced that they are increasing the intensity of inspection and monitoring campaigns…
Qatar Financial Centre Authority signs MoU with Labuan IBFC Inc enhancing
The Qatar Financial Centre Authority has signed a Memorandum of Understanding with Labuan IBFC Inc, to develop long term cooperation…