Central Bank of UAE imposes Dh45.7 million fines on 11 banks in the UAE
The Central Bank of the UAE imposed financial sanctions on 11 banks operating in the UAE. The action is…
Regulation, Risk & Compliance
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Bank Muscat ties up with AXA Insurance to offer high-quality SME insurance
In line with its vision ‘To serve you better, every day’ and its commitment to national development and financial inclusion,…
Central Bank of Bahrain : CBB announces launch of eKYC as part of digital transformation strategy (January 30th, 2021)
Following the announcement of the national digital identity and the electronic Know-Your-Customer platform in April 2019, the Central Bank of…
Sukuk changes Egypt’s financing methods, expected to surpass EGP 20bn in 2021
Sayed Abdel-Fadil, Head of the Capital Market Operations Sector at the Financial Regulatory Authority (FRA), has reviewed the developments of…
11 UAE banks fined Dh45 million for breaking anti-money laundering rules
The UAE Central Bank has imposed financial sanctions of over Dh45.75 million on 11 banks for violating anti-money laundering (AML)…
Egypt's state National Investment Bank slashes yields on certificates
Egypt's state-owned National Investment Bank slashed yields on its investment certificates by up to 3.75% over the weekend, bankers said…
NBK and Ooredoo Ink a MoU to Collectively Provide Digital Services and Solutions
National Bank of Kuwait and Ooredoo Telecom - Kuwait, the first telecom company to provide innovative digital services in Kuwait,…
Turkey to Forge Closer Ties with ASEAN and Asia
Turkey is seeking to enhance ties with ASEAN and the Asia Pacific region to potentially help revive its economy, plagued…
Saudi Arabia's futuristic city project in talks over cloud computing deal
Saudi Arabia's futuristic city project NEOM is in talks with companies to pick a lead partner for its first cloud…
Saudi aims to become ‘next Germany’ of renewable energy
Saudi Arabia wants to emulate Germany’s success with renewable energy and be a pioneer in hydrogen production, as the world’s…
Commercial Bank commits to Turkey for ‘long haul’
Commercial Bank of Qatar is committed to its business in Turkey for “the long haul” as it looks to build…
Real estate VAT exemption in Saudi Arabia boosted 2020 market activity
Saudi Arabia’s decision to exempt real estate transactions when it increased value-added tax (VAT) last year to 15 percent helped…