EBRD and EU to promote green investments in Jordan
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) in Jordan are promoting green investments in…
Regulation, Risk & Compliance
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Dollar losses to continue during next 2 years: National Bank of Kuwait exec
The dollar price has become a safe haven since the start of the pandemic, head of the National Bank of…
National Commercial Bank issues board circular for planned merger with Samba
National Commercial Bank (NCB) issued today, Feb. 9, a circular addressed to its shareholders with respect to the planned merger…
Ruler of Dubai appoints new judges to the DIFC Courts
Promotion of two Emirati judges to the Court of First Instance (CFI) First female Emirati common law judge appointed in…
Qatar and Rwanda signs double tax avoidance agreement
The State of Qatar and the Republic of Rwanda has signed an agreement to avoid double taxation and prevent financial…
Former Dubai banker fined $165,000 for anti-money laundering breaches
A former staff of a Dubai bank has been fined $165,000 for violations of the anti-money laundering law (AML). …
BCG's Leila Hoteit among top 50 businesswomen in Middle East
For the second year in a row, Boston Consulting Group’s Leila Hoteit has been named one of the Middle East’s…
UAE Central Bank sees a strong return to GDP growth this year
The UAE Central Bank governor expects to see a strong return to GDP growth in for the country in 2021…
Shareholders to vote on Saudi's NCB and Samba merger next month
Shareholders in both National Commercial Bank (NCB) and Samba Financial Group (Samba) are to vote on the merger of the…
Egypt capitalises on bond boom with $3bn borrowing plan
Egypt will raise $3 billion by selling dollar bonds maturing in as long as 40 years as it seeks to…
Saudi asset management industry resilient in 2021: KPMG
Saudi Arabia’s asset management industry looks resilient in 2021, according to global audit, tax and advisory firm KPMG, with official…
Qatar banks headed for more mergers
Qatar's overbanked system could see more consolidation triggered by pressure on banks' profitability from the coronavirus pandemic according to Fitch…