Construction begins on Kuwait’s Boubyan Bank HQ
Construction activities have started on Kuwait’s next “landmark development” - the Boubyan Bank headquarters, which was celebrated during a grounding…
Regulation, Risk & Compliance
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Bahrain chosen to launch global OECD Pensions Report for MENA region
The Organisation for Economic Co-operation and Development will be launching its seminal OECD Pensions Outlook Report 2020 in the MENA…
Turkish central bank ready to keep tight policy until inflation falls
Turkey will continue to pursue a tight monetary policy in 2021 until inflation falls in a lasting way, newly appointed…
Saudi sovereign fund PIF says total staff count crossed 1,000 in December
Public Investment Fund, Saudi Arabia's sovereign wealth fund, said on Thursday its total employee count surpassed 1,000 as of December,…
UAE-Israeli partnership agrees deal to buy Finablr
A business group linked to a former Israeli prime minister has finalised a deal to buy Finablr, the scandal-hit payments…
Cabinet approves draft law on commercial companies
Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired yesterday the cabinet’s…
NatWest Markets and Santander sell shares in Saudi British Bank
NatWest Markets and Banco Santander have taken advice from Allen & Overy on the second disposal of their shares in…
Lebanese banking staff 'held captive by fear' as jobs hang in the balance
Concerns are rising among banking employees in Lebanon that their jobs may disappear as the country's ongoing economic crisis continues…
Saudi banks remain resilient amid pandemic, backed by new regulations
KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added…
‘Qatar has enhanced economic laws’
The State of Qatar attaches great importance to arbitration, particularly through the issuance of Law No (2) of 2017 promulgating…
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…
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…