Saudi prince slams Israel in panel with Ashkenazi
Saudi Prince Turki bin Faisal accused Israel of colonialism and apartheid, while Foreign Minister Gabi Ashkenazi merely expressed “regret” at…
Regulation, Risk & Compliance
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Commercial Bank signs agreement with ECGC
The Commercial Bank has entered into a partnership agreement with the Education City Golf Club (ECGC), which is also the…
Central banks of UAE, Saudi Arabia to launch project for common digital currency
A project for a joint digital currency was inaugurated by the central banks of the UAE (CBUAE) and Saudi Arabia…
Central Bank of Egypt to offer $1bln worth T-bills on Monday
The Central Bank of Egypt will launch a tender, on Monday, for $1bn worth Treasury bills (T-bills) with a maturity…
UAE expands 10-year residency golden visa eligibility
The new categories now include: PhD holders, doctors, engineers in the fields of computer engineering, electronics, programming, electricity and biotechnology…
Foreign investors free to sit on Saudi business chamber boards
Foreign investors are to be allowed to sit as directors on the boards of Saudi chambers of commerce for the…
Saudi Arabia and UAE Declare Central Bank Digital Currency Pilot a Success
The Saudi Central Bank and the Central Bank of the United Arab Emirates say a dual Saudi and UAE central…
Turkish inflation hits 14% as monetary policy pressure mounts
Turkey’s annual inflation surged to 14.03% in November as the lira weakened, its highest since August 2019 and well above…
‘The worst is behind us’: Saudi Aramco CEO
The oil industry is recovering from the impact of the coronavirus pandemic and “the worst is behind us,” Saudi Aramco’s…
Bahrain to allow occupied West Bank goods to be labeled as 'Made in Israel'
Goods coming to Bahrain from the Israeli-occupied West Bank, East Jerusalem, and the Golan Heights will be labeled as "Made…
Fraud, corruption tackled during COVID-19: Saudi Central Bank
The governor of the Saudi Central Bank on Wednesday revealed measures taken by the Kingdom to combat the “risks and…
Yemen central bank shuts firms linked to currency crash
Yemen’s central bank has closed 30 private exchange firms for violating currency speculation rules after the Yemeni riyal hit a…