Outlook 2021: Challenging outlook offers varied picture for GCC banks
As we are heading towards the end of a whirlwind year, GCC banks still have a long way to go…
Regulation, Risk & Compliance
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The Arab Monetary Fund reveals vision on the future of open banking
The Arab Monetary Fund (AMF), in collaboration with the Arab Regional Fintech Working Group, published a report titled “A Vision…
Top US consultancy withdraws from 'crucial' central bank work
Alvarez & Marsal has exited its role as consultant to Lebanon’s central bank, after a sustained standoff saw the financial…
Banque Misr, NBE acquire 40% of stocks of Western Union's representative in Egypt
Banque Misr and Al Ahly Capital Holding Company , investment arm of the National Bank of Egypt, inked an agreement…
Egypt's EAPD, AfDB discuss proposed fields of bilateral cooperation
Secretary General of the Egyptian Agency of Partnership for Development (EAPD) Mohamed Amin Khalil discussed on Thursday with director of…
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
Sarwa Capital for consumer and structured financial services has successfully closed its inaugural Sukuk issuance by Sarwa Sukuk, a subsidiary…
Egypt’s central bank issues LE 21B on T-bills Thursday
The T-bills will be offered in two installments; the first installment is valued at LE 9 billion with a 182-day…
Egypt to Issue First Sovereign Islamic Sukuk
Seeking to attract a new segment of investments, Egypt is preparing to issue a sovereign sukuk bill, which was approved…
Egypt banks step up anti-virus efforts
Up to half of bank employees in Egypt will be encouraged to work from home under guidelines to counter a…
Bank CEOs welcome TESS extension by CBUAE
H.E. Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE, met yesterday with CEOs of all banks…
QFC unveils policy statement on licensing new global law firms
The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has unveiled a new policy…
Abu Dhabi’s Mubadala seeks Israeli tech, investment partners
Abu Dhabi state investor Mubadala plans to identify potential fund partners in Israel and find high-growth technology firms in which…