Central Bank of UAE begins procedures to execute Insurance Authority merger
The Central Bank of the UAE (CBUAE) announced the commencement of operational procedures aimed at assuming the supervisory and regulatory…
Regulation, Risk & Compliance
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UAE banking sector recovery will be gradual in 2021
The UAE’s banking sector recovery from the impact of pandemic will be a gradual in 2021, rating agency Standard &…
Emirati and Israeli bosses cannot wait to do business
Israel and the United Arab Emirates (UAE) have maintained unofficial relations for a while, despite a half-century boycott in much…
Qatar Labour Law and immigration: recent reforms
With diplomatic relations between Qatar and other countries in the Middle East improving, it is likely that there will be…
Burgan Bank Intends to Redeem KD100 Million, Subordinated Tier 2 Bonds Issued in 2016
Kuwait’s second largest conventional bank by asset size – successfully placed US$500 million Subordinated Tier 2 Capital Securities in the…
Saudi Arabia names Fahad al-Mubarak as new central bank governor
Saudi Arabia's king appointed Fahad al-Mubarak as central bank governor, his second stint in one of the most sensitive positions…
Borrowers from ODB benefit from loan deferment
A total of 2,800 borrowers from Oman Development Bank (ODB) benefited from loan deferment and more than 8,000 emergency loans…
UAE conducts cyberattack simulation on banking sector
The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against…
First Abu Dhabi Bank receives Oman CMA custody licence
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s biggest financial institutions, announced that it…
Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA
The Central Bank of Bahrain (CBB) has issued the soon-to-launch cryptocurrency exchange, CoinMENA, with a “Crypto Asset Services Company License…
Venture Studios: The new greenfield for scaling start-ups?
A majority of startups fail, pushing governments, sectors and companies to seek solutions for a better success rate. Against this…
Ahli Bank, Oman, is SunTec’s 50th customer for its Indirect Taxation Solution
SunTec’s GCC VAT compliance solution to help Ahli Bank automate end-to-end VAT compliance process, manage regulatory changes, and seamlessly integrate…