Alexbank inks MoU for Upper Egypt farmers
Alexbank signed a memorandum of understanding (MoU) with the United Nations World Food Programme (WFP) to support small-scale farmers in…
Regulation, Risk & Compliance
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Abu Dhabi’s Top Bank Follows Dubai Rival to Dollar Bond Market
First Abu Dhabi Bank PJSC followed its Dubai rival to the debt market by starting to market dollar-denominated Islamic bonds…
Central Bank of Bahrain Sukuk Al-Ijara oversubscribed
The Central Bank of Bahrain has announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has…
Oman Banks Get More Flexibility in Financing Stock Investments
Oman’s central bank said it approved a recommendation that would provide more flexibility for banks in financing stock market investments.…
Oman to float OMR150mn worth of bonds
Oman’s central bank has announced issue of government development bonds to the tune of OMR100 million. The issue, which will…
World Bank revises UAE GDP growth to 2.4% in 2022
The UAE economy’s contraction in 2020 was due to the disrupted engines of growth. The World Bank has revised…
Turkish banking watchdog working on revision of market manipulation regulations, sources say
Turkey’s Banking Regulation and Supervision Agency (BDDK) is working on a revision of last year’s market manipulation guidelines to increase…
BCG and MIT call for more focus on holistic AI strategies in MENA
The Middle East is facing an artificial intelligence (AI) gap. While the intention to invest in artificial intelligence is strong,…
AxiomSL partners with Carlyle Square Consultancy in Saudi Arabia
Saudi Arabia based professional services firm Carlyle Square Consultancy has entered into a partnership with AxiomSL, a global provider of…
Dubai raises total value of economic incentives to AED7.1 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
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…
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…