Egypt’s banks brace for change
As Gulf banks grapple with squeezed margins, low interest rates and over-banking, Egypt offers the opposite: high interest rates, low…
Regulation, Risk & Compliance
8932 articles found
Regulator orders IFS Qatar to close to new business
International Financial Services (Qatar) has been prohibited from “conducting business or providing services to any new customer”, effective immediately from…
Dubai Department of Finance partners with UAE Central Bank to facilitate fee payments
The Dubai Department of Finance and Central Bank of the UAE have signed a Memorandum of Understanding aimed at facilitating…
Saudi Arabia introduces Arab world's first plastic banknote
Saudi Arabia has become the first Arab country to make and circulate plastic banknotes. The Saudi Arabian Monetary Agency announced…
Dubai Buyout Firm Al Masah Liquidated After Its Founder Banned
Al Masah Capital is being liquidated after being fined for allegedly misleading investors about fees, according to court filings in…
Abu Dhabi’s ADQ plans to set up digital bank in the UAE
ADQ is planning to set up a digital bank in the UAE using a legacy banking licence currently held by…
Tezos Blockchain receives Shariah Certification
Tezos Gulf was established to foster ecosystem development in the Gulf Cooperation Council for the Tezos network. In accordance…
UAE Central Bank joins hands with Dubai Islamic Economy Development Centre to strengthen Islamic banking
The Central Bank of the UAE has signed a memorandum of understanding with the Dubai Islamic Economy Development Centre to…
SHUAA launches three Sharia-compliant funds in ADGM and secures USD 75 million of commitments
United Arab Emirates: SHUAA Capital has launched three Sharia compliant funds and already secured USD 75 million of commitments. …
Mashreq and noon.com announce strategic partnership
Mashreq has announced a long-term strategic partnership to redefine the digital payments experience for UAE consumers. The joint venture…
Africa Reinsurance Corporation (Africa Re) Group Selects DIFC For Middle East Expansion
> Africa Re’s first office outside Africa opens in DIFC. > Africa Re will provide both Conventional and Retakaful Capacity…
Kuwait Central Bank denies plan to devalue, stands by peg
The Central Bank of Kuwait, which pegs the dinar to a basket of currencies dominated by the US dollar, affirmed…