Nama Shared Services signs credit insurance system agreement with Credit Oman
Nama Shared Services Company, a member of Nama Group, signed a credit insurance system agreement with Credit Oman. Ahmed…
Regulation, Risk & Compliance
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A framework agreement of cooperation between IsDB and Standard Chartered Bank
IsDB President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank, signed a…
CBUAE imposes administrative sanctions on two exchange houses operating in the UAE
On 4th of October 2020, the Central Bank of the UAE has imposed sanctions on two exchange houses operating in…
CBO issues treasury bills worth OMR29 million
Oman’s central bank raised OMR29 million by way of allotting treasury bills on Tuesday. The treasury bills are for…
Major overhaul of UAE financial services regulatory framework announced
The powers and responsibilities of the Insurance Authority in the United Arab Emirates (UAE) have been assumed by the country's…
DIB to suspend services for final merger phase with Noor Bank
Dubai Islamic Bank will temporarily suspend its services to complete the final phase of its merger with Noor Bank. The…
Dubai's Al Mal Capital secures approval for REIT IPO
The UAE Securities and Commodities Authority has approved the initial public offering of Al Mal Capital REIT, with a subscription…
UAE merges Insurance Authority with Central Bank
The sudden merger, which took many in the insurance sector by surprise, was confirmed via Twitter by Dubai's ruler, Sheikh…
MENA’s open banking platform, Tarabut Gateway, launches in UAE
Tarabut Gateway, the MENA region’s first and largest regulated open banking platform, has launched in the UAE. The company…
Arab world’s lone growth outpost lures debt investors back
Foreign debt investors have flocked back to Egypt, reversing billions of dollars of outflows in spring sparked by the coronavirus…
Banque du Caire obtains CBE license for POS
State-owned Banque du Caire has received a license from the Central Bank of Egypt (CBE) to operate Point of Sale…
Commercial Bank of Dubai's Dh600m bond issue pulls in heavy institutional interest
The Commercial Bank of Dubai has made a return to the capital markets for the first time since 2015, through…