Lebanon parliament clears way for forensic audit of central ban
Lebanon’s parliament Monday approved a bill that suspends banking secrecy laws for one year to allow for a forensic audit…
Regulation, Risk & Compliance
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Here’s what you need to know about SIFI treatment
Saudi Arabia's Cabinet has recently approved the law on treatment of systemically important financial institutions (SIFIs), which stipulates the effective…
French green bank expands into Saudi Arabia
French corporate and investment banking company Natixis has expanded its operations into Saudi Arabia in order to mediate between international…
Rules for Sharia-compliant transactions announced
Rules that govern Sharia-compliant Waad (promise), Khiyar (option) and Tahawwut (hedging) transactions for Islamic financial institutions have been put in…
Saudi Central bank increases weekly bill offering to $2.7bln
The Saudi Central Bank (SAMA) said on Sunday it will increase the size of a weekly bill issuance to 10…
King Abdullah Economic City signs a financing agreement with SABB
King Abdullah Economic City has announced the signing of a cooperation agreement with the Saudi British Bank (SABB), which aims…
Latest bid to resolve Arab-Qatari relationship crisis ends in failure: Egypt
Renewed attempts by Kuwait on behalf of Saudi Arabia, the UAE, Bahrain, and Egypt at reconciliation with Qatar have failed…
QNB launches offer on National Day in partnership with MOQ
QNB Group, the largest financial institution in the Middle East and Africa, has launched an exclusive offer, in partnership with…
PwC opens office at Dubai's Emaar Square, fourth in UAE
PwC Middle East’s new office in downtown Dubai is a six-storey, state-of-the-art facility with an open plan and flexible working…
UAE: new regulations for stored value facilities and cryptoassets
The United Arab Emirates has continued its development of the regulatory environment for fintech firms with the issuance of new…
Campaign to boycott UAE bank over ties to Israel
Activists on Wednesday launched an online campaign to boycott the Abu Dhabi Islamic Bank (ADIB) over its cooperation with Israel's…
EBRD liquidity support for Jordan District Energy
EBRD emergency liquidity of JOD 1.5 million to Jordan District Energy Facility to cover daily expenses and liquidity of private…