Shura Council approves draft law on common insurance protection for GCC citizens
The Shura Council held Monday its weekly meeting via video conference under the chairmanship of HE Speaker Ahmed bin Abdullah…
Regulation, Risk & Compliance
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Dubai Financial Services Authority consults on regulation of Security Tokens
The Dubai Financial Services Authority has published its “Framework for Regulating Security Tokens” for public consultation for a period of…
Saudi Bank AlBilad to issue $800mln riyal-denominated sukuk
Saudi Arabia’s Bank AlBilad will issue a domestic Saudi riyal-denominated Tier 2 sukuk for up to 3 billion riyals ($800…
Turkish central bank chief removal is credit negative for bank funding says Moody’s
Credit rating agency Moody’s said on Thursday that the removal of the Turkish central bank governor is credit negative for…
Gold hub UAE toughens fight against financial crime
The United Arab Emirates, one of the world’s largest gold hubs, is strengthening its defences against financial crime, including new…
NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares
The National Bank of Bahrain Group has announced the conclusion of its Annual Ordinary and Extraordinary General Meeting held virtually,…
Deloitte advises United Arab Chemical Carriers on landmark merger with United Overseas Group Ltd
United Arab Chemical Carriers and United Overseas Group Ltd have finalized a landmark merger this week, an agreement that was…
Zurich Middle East unveils regular savings plan in UAE
Insurance giant Zurich Middle East has rolled out a regular savings plan (RSP), a structured solution that helps customers achieve…
Rollover risks loom for Turkey's banks
A sharp spike in borrowing costs following the sacking of Turkey’s central bank chief has raised risks for local banks…
Qatar Credit Bureau launches new service providing credit reports online
Qatar Credit Bureau announced yesterday the launch of a new service that provides credit reports online. The new service coincided…
Fintech in action in Saudi Arabia
One of the impactful initiatives implemented by the Capital Market Authority under its chairman, Mohammed El-Kuwaiz, was the creation of…
Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook
Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…