2 Saudi royals, others officials investigated for fraud
Saudi Arabia’s top military commander in its yearslong war in Yemen and his prince son have been removed from their…
Regulation, Risk & Compliance
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KPMG in Bahrain expands its tax and corporate services
KPMG in Bahrain has announced the appointment of an additional Tax Partner and new experienced resources to broaden the capabilities…
To enable trade relations, Israel must first remove UAE banks from its blacklist
Israel's financial team on the delegation that is visiting Abu Dhabi has signed a memorandum of understanding to partner with…
Central Bankers – Finally an Admission of Guilt by Gary Dugan
Federal Reserve guides to lower for much longer. No major central bank minded to raising rates over the medium term.…
Jordan signs 4 financing agreements with EU, Germany
Minister of Planning and International Cooperation Wissam Rabadi has signed four financing agreements in the water and education sectors in…
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
The National Bank of Egypt and Banque Misr have signed an EGP 4bn strategic partnership with Talaat Moustafa Group subsidiary,…
Egypt signs $2bn conventional, Islamic facility to finance budget deficit
Egypt’s Ministry of Finance has signed the first conventional and Islamic financing facility, worth $2bn, to finance state’s budget deficit…
UAE central bank boosts liquidity with $4.3bn cash injection
The Central Bank of the United Arab Emirates injected around AED15.86 billion ($4.3bn) in cash to the financial system in…
UAE makes significant progress in combating money laundering and terror funding
In its continuing efforts to strengthen the UAE’s Anti Money Laundering and Counter Terrorist Financing (AML/CFT) framework, the National Committee…
Bahrain jails Future Bank officials; $47mln fines issued for money laundering
Three Future Bank officials have been sentenced to five years in jail and fined $1 million each following a series…
Lebanese central bank tells banks to provision for 45% loss on Eurobonds
The Lebanese central bank has told Lebanese banks to provision for a 45% loss on their Eurobond holdings, according to…
Bank Leumi, UAE bank, negotiating partnership amid normalization
Israel's Bank Leumi has been negotiating a partnership with an unnamed bank in the United Arab Emirates (UAE), according to…