PIF’s Sanabil Investments to launch Saudi startup program
Sanabil Investments, a Riyadh-based investment firm wholly owned by the Public Investment Fund, has entered into partnership with Californian venture…
Regulation, Risk & Compliance
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Roland Berger promotes 35 consultants in the Middle East
Global strategy consulting firm Roland Berger has announced a record number of promotions in the Middle East. With 2,400…
Kuwaiti banks' non-performing loans increase to 2% amid COVID-19 crisis – central bank
Kuwait's central bank said on Wednesday that banks' non-performing loans had increased by 0.5 percentage points in 2020 amid the…
Banks to inject EGP 117bn into MSMEs until 2022 end: CBE
The Central Bank of Egypt (CBE) has directed for banks working in the local market to inject EGP 117bn into…
UAE tops MENA rankings in World Bank’s ‘Women, Business and the Law’ 2021 report
The UAE has topped the Middle East and North Africa (MENA) region rankings in the World Bank’s newly released 2021…
Egypt’s Banque du Caire eyes slimmed-down IPO post-Covid
Banque du Caire was so nearly there. The Egyptian lender was on track to complete a $500 million initial…
Israel Discount Bank selects Wolters Kluwer’s compliant e-forms package
Israel Discount Bank of New York has selected Wolters Kluwer Compliance Solutions’ Deposit E-Forms Module Expansion Pack to help streamline…
Saudi Arabia’s financial regulatory authority refers five suspects to Public Prosecution
Saudi Arabia’s financial regulatory authority said it has referred five suspects to the Public Prosecution accused of engaging in “manipulative…
Emirati property investment firm unveils 12-year visa
UAE-based real estate investment company Al Hamra has rolled out its ‘Live & Work’ initiative in the emirate of Ras…
QCB planning to launch regulatory sandbox for entities to test fintech solutions
The Qatar Central Bank is planning to launch its regulatory sandbox this year, which offers a safe and controlled space…
Kuwait requests ability to withdraw from sovereign wealth fund
Kuwait's cabinet has submitted draft legislation to parliament that would allow the government to withdraw up to 5 billion dinars…
Fintech Co-operation between the Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates
The Hong Kong Monetary Authority and the Central Bank of the United Arab Emirates have jointly announced today (23 February…