Network Int'l renews shared services agreement with Emirates NBD
Network International has agreed to extend its shared services agreement with Emirates NBD. The contract renewal will see Emirates…
Regulation, Risk & Compliance
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Banks cannot charge fees on loan deferral says Central Bank of Bahrain
The Central Bank of Bahrain has clarified that no fees, except insurance, can be charged by lenders on the four-month…
Barings and Mubadala Form Strategic Partnership
Barings,has announced that it has formed the Barings Mubadala Enterprise, an evergreen origination platform seeking to provide financing solutions to…
UAE central bank failed to prevent Iran sanctions evasion: Report
The United Arab Emirates central bank failed to act on warnings about a local firm which was helping Iran to…
BAB confirms banks' readiness to defer loan installments
Banks operating in Bahrain have affirmed their willingness to extend their support to customers and welcome their requests to defer…
CBE expected to keep interest rates on hold Thursday
The Monetary Policy Committee of the Central Bank of Egypt is expected to keep interest rates on hold during its…
Saudi German signs R305 Islamic debt facility
Saudi German Hospitals has signed a R305m (US$81.3m) Shariah-compliant two-part debt facility with Al Rajhi Bank. R120m of the…
DP World, Bank Leumi to Explore Israel Logistics Investments
DP World and Bank Leumi signed an accord to explore potential opportunities in the logistics sector as the United Arab…
17,500 enrolled into Dubai's employee benefit scheme
Dubai International Financial Centre's (DIFC) employee workplace savings scheme has signed 1,135 employers in DEWS, representing 17,567 active employees according…
Emirates Islamic's $500m sukuk issue draws in a substantial $1.2b
Emirates Islamic has closed a $500 million five-year sukuk forming part of its $2.5 billion 'Certificate Issuance Programme'. The issue,…
Al Baraka to change the operational structure of its parent company in Bahrain
In line with its future strategy and business modeland to benefit from the regulatory framework of the Central Bank of…
Creditors take action against UAE's Al Jaber in decade-long saga
Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn…