Central Bank of Egypt directs for accelerating financial transfers
The Central Bank of Egypt (CBE) has issued new instructions to banks working in the local sector that call for…
Regulation, Risk & Compliance
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NBE Opens New Branch at Suez Canal Authority in Ismailia
The National Bank of Egypt (NBE) opened on Tuesday its latest branch in the Suez Canal Authority in Ismailia, located…
Kuwait's IFA confirms $2.6mln 'rain accident' payout by subsidiary
Kuwait-based International Financial Advisors (IFA) confirmed on Thursday an insurance payout by one of its subsidiaries following ‘rain accidents’. …
Emirates NBD confirms $750mln senior bond issuance
Dubai’s Emirates NBD confirmed that it has issued a $750 million five-year senior bond on Wednesday, January 6, which will…
First Abu Dhabi Bank heads to market with $500m Islamic bond
First Abu Dhabi Bank has followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds…
SAIB Bank offers 20% cashback to credit card holders
Societe Arabe Internationale De Banque (SAIB Bank) launched a cashback campaign for credit card holders on the occasion of the…
The Job Of Tomorrow
The World Economic Forum’s Future of Jobs Report 2020 comes at a crucial juncture for the world of work. The…
Dubai's Blu Stone JV completes strategic Myanmar asset sale
Dubai-based Blu Stone Management and its joint venture partner M1 Group, a holding company that owns and manages investments across…
End to three-year Gulf crisis seen benefiting Qatar economy
The resolve to the three-year long Gulf crisis is seen as the “beginning of the openness”, the effects of which…
DHA announces reducing quarantine period for certain COVID-19 and close contact cases
The Dubai Health Authority has announced that the isolation period for certain COVID-19 patients and close contact cases has been…
FAB signs testing and trialling agreement with CLS for CLSNet
First Abu Dhabi Bank has signed a testing and trialing agreement with CLS for its confirmation, matching and netting service…
World Bank urges ‘greener, smarter, more equitable’ recovery path
The economic disruptions caused by the COVID-19 pandemic are giving countries an opportunity to pursue “greener, smarter, more equitable” development…