Burgan Bank places $500mln Tier 2 bonds in debt market
Burgan Bank, Kuwait’s second largest conventional bank by asset size, has placed $500 million Subordinated Tier 2 Capital Securities (bonds)…
Regulation, Risk & Compliance
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Egyptian banks' assets, reserves abroad jump 90% in 7 months
The Egyptian banks' assets and reserves abroad jumped 90% by the end of November to record $19.2 billion compared to…
Bahraini ministry plans to replace expats by 2024
Bahrain’s Ministry of Works and Municipality Affairs plans to replace its foreign employees with citizens by 2024, a senior official…
Cyber risk is new threat to financial stability: IMF
The number of cyberattacks worldwide has tripled over the last decade and financial services continue to be the most targeted…
Egypt, French agency sign financing agreements- statement
Egypt and the French Development Agency have signed development financing agreements worth 715.6 million euros, the Egyptian international cooperation ministry…
Codebase and AMF publish Mena open banking report
Codebase Technologies along with the Arab Monetary Fund and the MENA Fintech Association have published a report on an “Open…
Turkey is the odd one out in CEE’s primary equity revival
Emerging Europe has been enjoying a mini-boom in IPOs. Poland, Russia and Kazakhstan have produced deals worth $1 billion…
Central Bank of Egypt extends tourism, retail loan initiatives to 2021 end
The Central Bank of Egypt has decided to extend the validity period of its initiative to support the tourism sector…
Saudi Central Bank governor says some stimulus packages maintained amid uncertainty
Dr. Ahmed Alkholifey, Governor of the Saudi Central Bank (SAMA) lauded the stability of the Kingdom’s financial sector in face…
Gulf Bank Embarks On Multi-Year Multiexperience Transformation Journey With Avaya
Gulf Bank, one of the largest and leading banks in Kuwait, has embarked on a multi-year customer experience transformation journey…
Turkey Inflation – Back with a Vengeance
A surprising increase in Turkish inflation will test the central bank’s recent policy U-turn. Brazil’s Q3 rebound was weaker than…
UAE's gold and jewellery industry is set for its biggest makeover yet
The UAE’s gold and jewellery industry is to see its biggest reforms ever, with the UAE Government set to enforce…