Israel’s Bank Hapoalim signs agreement with DIFC, AGDM
Israel’s Bank Hapoalim has signed an agreement with Dubai International Financial Centre (DIFC) to cooperate across financial service activities. …
Regulation, Risk & Compliance
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Mubadala joins One Planet Sovereign Wealth Funds
Mubadala Investment Company said it has officially become a member of the One Planet Sovereign Wealth Funds (OPSWF) initiative, an…
Goldman says Saudi peg ‘here to stay,’ though at cost to economy
Goldman said the government’s fiscal plans will likely help the current account return to surplus next year and ensure that…
Dubai’s International Financial Centre signs agreement with Israel’s Bank Hapoalim
Dubai International Financial Centre (DIFC) signed an agreement with one of Israel’s biggest banks, Dubai Media Office announced on Saturday.…
SAMA’s miscellaneous assets soar 3,344% in a year
The Saudi Arabian Monetary Authority (SAMA) recorded a huge jump in its assets, classified as miscellaneous assets, by 3,344 percent,…
UAE Central Bank's total assets up 2 pct to AED3,252.5 bn by end of Q3-2020
At the end of the third quarter of 2020 total assets of banks operating in the UAE increased by 2%…
Turkey's new central banker aggressively raises key rate
There is skepticism over how long Turkey's central bank will be free to act since President Recep Tayyip Erdogan believes…
The Arab Coordination Group Approves US$ 8.6 Billion to Help Countries Tackle the Economic Impact of COVID-19 Pandemic
The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to…
Saudi MoJ expands e-conveyance of property to cover additional banks
Saudi Arabia's Ministry of Justice (MoJ) has expanded e-conveyance of property to cover Alinma and Al Rajhi banks in addition…
Global debt on track to exceed $277trln in 2020 – IIF
The global debt load has increased by $15 trillion in the first three quarters of 2020 and now stands above…
Online portal for UAE economic substance regulation notification
The United Arab Emirates authorities have confirmed that notifications and annual reports due under its new Economic Substance Regulations (ESRs)…
Oman Arab Bank launches debt exemption initiative for defaulting borrowers
On the occasion of the 50th National Day, Oman Arab Bank (OAB) has written off over 150 defaulting loans. This…