Egyptian lender CIB boosts provisions after central bank review
Commercial International Bank, Egypt's largest private bank, increased its loan loss provisions by 60% in the third quarter after a…
Regulation, Risk & Compliance
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Central Bank of Oman opens fintech regulatory sandbox
The Central Bank of Oman has launched will launch the Fintech Regulatory Sandbox initiative on Thursday December 10th, 2020, through…
Are Banks Enablers or Victims of Financial Crime?
Not many years ago, banks, law firms and accountants were trusted institutions, staid but solid, a key part of the…
SimCorp signs a firm and binding strategic agreement with State Street Bank International
With reference to SimCorp’s company announcement no. 38/2020 of October 12, 2020, SimCorp confirms it has now signed a firm…
Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution
Riyadh-based FlexxPay, a social impact technology company with offices in Europe and the GCC, and Bahrain’s Al Salam Bank signed…
New regulation ensures financial sustainability for insurance companies
The Capital Market Authority (CMA) has issued a new organisational regulation to organise the investment of the insurance companies’ assets…
Sovereign Contingent Liabilities in the GCC
Fitch Ratings expects government-related-entity (GRE) debt to continue to rise in the Gulf Cooperation Council (GCC) economies as governments use…
Central Bank of Oman launches Fintech Regulatory Sandbox
The Central Bank of Oman (CBO) will launch the Fintech Regulatory Sandbox (FRS) initiative today, through which participants can apply…
Trump set to veto congressional effort to block UAE arms sales
United States President Donald Trump issued a formal threat on Wednesday to veto congressional efforts to block his plans for…
The Chartered Insurance Institute welcomes UAE insurance authority's draft regulation for insurance brokers
The Chartered Insurance Institute has welcomed the UAE Insurance Authority’s publishing of a draft regulation consolidating rules on insurance broking…
Five nations unite to launch the Digital Cooperation Organization
Senior government officials from several nations patronized the launch of the Digital Cooperation Organization Thursday – a global organization aimed…
Moody’s affirms QIIB rating at A2 with stable outlook
Global credit rating agency Moody’s has affirmed QIIB’s rating at “A2” with a “stable” outlook; indicating the strength of its…