Consolidation of the Saudi financial sector in the post-coronavirus era
The financial sector in Saudi Arabia has four segments — banks, insurance companies, finance companies, and authorized persons. The…
Regulation, Risk & Compliance
8934 articles found
FAB may restart talks on Bank Audi's Egypt unit
First Abu Dhabi Bank (FAB), the UAE's largest lender by assets, may restart talks to acquire the Egyptian business of…
Sultan Al Jaber named chairman of Emirates Development Bank
The UAE Cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE…
Kuwait's KIB denies takeover rumours
Kuwait International Bank (KIB) has denied claims that it is to be imminently taken over, saying the rumours are ‘incorrect…
Zahrat Al Waha extends loan agreement with Alinma Bank
Zahrat Al Waha Trading Company has renewed a sharia-compliant credit facility agreement worth SAR 63.476 million with Alinma Bank to…
Qatari banks’ return on common belongings improves in 2019: QCB
Qatari banks’ return on common belongings (RoAA) improved marginally to 1.59% in 2019 from 1.56% in 2018 in tandem with…
UAE Cabinet Restructures Emirates Development Bank Board
The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has…
The next steps taken by the Israeli fintech ecosystem might determine the entire UAE-Israel relations
The increasing interest of Israeli banks and fintech companies in UAE's financial industry and its technological progressives following the agreement…
Top UAE banks that adopted blockchain technology and why
The World Economic Forum (WEF) recently published a white paper analyzing learnings from more than 60 governmental and nongovernmental entities…
UAE cabinet restructures Emirates Development Bank board
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of…
Dubai says to continue infrastructure spending after $2bn bond issuance
The Government of Dubai has announced the successful completion of a $2 billion bond issuance. The Department of Finance…
Dubai’s new retirement visa to boost local economy and property market
Dubai’s move to provide a five-year retirement visa for expats older than 55 will boost the emirate’s property market and…