KFAED signs loan agreements with Belize, Saint Lucia
The Kuwait Fund for Arab Economic Development signed two loans agreements with Belize and Saint Lucia on the sidelines of…
Regulation, Risk & Compliance
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Dubai's DIFC Court orders NMC founder BR Shetty to pay $46 million to Indian bank
A Dubai International Financial Centre (DIFC) court has ordered BR Shetty, founder of the collapsed NMC Healthcare empire, to pay…
CBE launches Banking Reform and Development Fund
The Central Bank of Egypt (CBE) has announced the establishment of the Banking Reform and Development Fund and the formation…
QNB Group receives Central Bank of Egypt license approval for a new digital bank
QNB Group announced the license approval has been received for a digital-first banking entity, ezbank, from the Central Bank of…
CMA approves Bidaya Finance’s public sukuk program worth up to SAR 1bln
The Capital Market Authority has announced its approval of Bidaya Finance Company’s request to register and publicly offer debt instruments…
Gulf Bank signs partnership agreement with the Institute of Banking Studies
Following the preliminary approval granted by the Central Bank of Kuwait, Gulf Bank has announced the signing of a strategic…
UAE’s FTA reports record corporate tax filings, cites these factors
The UAE’s Federal Tax Authority (FTA) said it has recorded a surge in corporate tax returns and payments for the…
GCC Finance Ministers, Central Bank Governors meet with IMF Managing Director
Minister of Finance HE Ali bin Ahmed Al Kuwari took part in the joint meeting of the Finance Ministers and…
Egyptian Pound Continues Upward Trend against US Dollar
The Egyptian pound continued its upward momentum against the US dollar on Wednesday. The local currency maintained a relatively stable…
Saudi regulator launches consultation to open main stock market to all non-resident foreign investors
Saudi Arabia's Capital Market Authority called for public consultation on opening its main stock market to all categories of non-resident…
Arab National Bank to redeem $750mln sukuk due 2030
Arab National Bank (ANB) has decided to fully redeem its $750 million fixed-rate resettable Tier 2 sukuk certificates on 28…
UAE has reshaped its regulatory landscape and cracked down on financial crime
The UAE has over the past five years fundamentally and robustly reshaped its regulatory landscape, in particular in the area…