Saudi Arabia looks to cut spending in bid to shrink deficit
Saudi Arabia plans to reduce spending next year by about 7.5 percent to SR990 billion ($263.9 billion) as it seeks…
Regulation, Risk & Compliance
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GFH holds Ordinary General meeting of shareholders
GFH Financial Group has announced the successful conclusion of its Ordinary General Meeting , which was held with the live…
Qatar expected to retire debt using accumulated contingency reserve funds, says Moody’s
Qatar is expected to retire debt using accumulated contingency reserve funds, global rating agency Moody’s said and noted it understands…
Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East…
Bird & Bird advises on issuance of US$500m Sukuk for Emirates Islamic Bank
International law firm Bird & Bird has advised on the issuance of US$500,000,000 1.827 per cent. trust certificates due 2025…
DeVere reports surge in demand for money apps amid environmental and Brexit fears
Growing demand for green, paperless banking and fears over post-Brexit rule changes have triggered a "monumental surge" in enquiries for…
First Abu Dhabi Bank and Egypt Post launch services drive
First Abu Dhabi Bank in Egypt has signed a memorandum of understanding with Egypt Post to boost financial inclusion in…
Bahrain’s Central Bank authorizes U.K’s Fasset to test blockchain-based solutions
The Central Bank of Bahrain has authorized U.K-based Fintech firm, Fasset, to begin testing the tokenization of hard assets in…
UAE Central Bank: 6 to 12 months time deposits attract 22.8…
The demand for 6 to 12 months time deposits in the UAE grew by 13 percent, with an increase of…
Managing the evolving compliance landscape facing multinationals
Find out how global and local trends in rules, regulations and penalties affect your business We take a closer…
Abu Dhabi Commercial Bank to exit operations in China
Abu Dhabi Commercial Bank will exit its operations in China, as the China Banking and Insurance Regulatory Commission has approved…
Emerging signs of economic diversification bode well for GCC economies
Emerging signs of economic diversification into future-proof sectors bode well for Gulf Cooperation Council (GCC) economies and the Middle East…