Kuwait wealth fund reaches initial agreement on KPC dividends – source
Kuwait's sovereign wealth fund has reached an initial agreement with Kuwait Petroleum Corporation (KPC) on new payment terms for over…
Regulation, Risk & Compliance
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UAE appoints new central bank governor – state news agency
United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE's central bank, state…
Mohammed bin Rashid approves Emirates Development Bank strategy
Mohammed bin Rashid: Advancing the national economy is a top priority that requires a joint effort of all our economic…
Saudi Arabia has come a long way in diversifying economy, World Bank says
Saudi Arabia has come a long way in diversifying its economy and forging partnership with the private sector, Ferid BelHajj,…
Sawari Ventures raises US$71M for investing in Egyptian startups
In a press release shared on Wamda, the Sawari Ventures fund has raised a new round of commitments worth $28…
Egypt, Japan sign MSME facility agreement worth $100m
Egypt’s Banque Misr, the Japan International Cooperation Agency (JICA), and Sumitomo Mitsui Banking Corporation (SMBC) signed a loan agreement worth…
UAE central bank issues best practice rules for financial p
The Central Bank of UAE released new regulations for small to medium-sized enterprises (SMEs) aimed at promoting "best practices among…
Oman: New Economic Stimulus Plan includes extensive tax and other incentives
As part of the Sultanate of Oman’s Vision 2040 plan and with the aim of achieving high economic growth, His…
Citi sees new UAE, GCC opportunities as economies recover
Large-scale fiscal and structural reforms being undertaken by the governments across the Middle East and North Africa, especially the GCC…
UAE and Netherlands to boost trade ties
The UAE and Netherlands have discussed plans to increase trade between the pair, state news agency WAM reported. Trade…
Saudi Arabia's banking sector is ripe for further consolidation
Building on the rebound seen in the second half of 2020, merger & acquisition activity in Saudi Arabia’s banking market…
CBO launches 67th issue of government development bonds
On behalf of the government of Sultanate of Oman, represented by the Ministry of Finance, the Central Bank of Oman …