Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%
The Bank of Alexandria has said its Italian majority owner, the Intesa Sanpaolo banking group, has re-acquired shares previously owned…
Regulation, Risk & Compliance
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Egypt’s new banking law comes into force after Al-Sisi’s ratification
Egypt’s new Banking Law has officially come into effect, following its ratification by President Abdel Fattah Al-Sisi and subsequent publication…
$ 73.5 billion in Sukuk on “Nasdaq Dubai” – the economic…
The value of new sukuk listings on Nasdaq Dubai since the beginning of 2020 until mid-September reached $ 11.4 billion,…
UAE PASS Digital Signature Workflow now available for GCG Enterprise Solutions
The UAE stands among global leaders in innovation and technology through its Digital Transformation Vision. Through this vision, the country…
Turkey lowers banks’ asset ratio requirements in stimulus reversal
The Turkish banking regulator cut banks’ required asset ratios to 90 percent from 95 percent, relaxing a rule that coerced…
Many Dubai property owners yet to clear 2020 service fees despite legal notices
A majority of property owners in Dubai don’t seem to be in the mood to pay off their service charge…
Turkey hikes interest rate for first time since 2018
Turkey’s central bank both stunned and cheered investors yesterday by raising its key interest rate for the first time in…
Qatar partakes in meetings of commercial, industrial co-operation committees of GCC countries
Qatar participated on Thursday in the 59th meeting of the Commercial Coo-peration Committee and the 47th meeting of the Industrial…
Sharjah issues new guidelines for travellers, residents can now return without prior approval
Sharjah has announced a series of Covid-19 precautionary measures that all travellers will have to adhere to when visiting the…
UAE President issues decree for private sector to pay equal salaries to men and women
Men and women working in the UAE’s private sector will have to be paid equal salaries if they are doing…
Spotlight MEA: Developing a Single Universal Open Banking API
The Gulf Cooperation Council, which consists of Saudi Arabia, United Arab Emirates (UAE), Bahrain, Qatar, Oman and Kuwait, have seen…
Emirates Islamis Closes $500million Sukuk Issuance
One of the leading Islamic financial institutions in the UAE, Emirate Islamic, has successfully closed the issuance of a $500…