Bahrain to set up committee to counter money laundering and terrorism
Bahrain will form a committee to counter extremism, money laundering and terrorism, under a royal decree announced on Sunday. …
Regulation, Risk & Compliance
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UAE lenders banking on gradual recovery
Profitability at UAE banks will remain under strain in the second half of 2020, with recovery largely to be gradual…
Dubai ruler issues decrees to restructure boards of Investment Corporation of Dubai and Meydan City Corporation
The ruler of Dubai on Saturday issued decrees to restructure the boards of the emirate's sovereign wealth fund Investment Corporation…
Oman in the COVID-19 Pandemic: People, Policy and Economic Impact
Fifty years ago today, on 23 July 1970, Sultan Qaboos removed his father, Sa’id bin Taimur, in a British-supported palace…
Turkey’s Central Bank Is in a Bind Forward of Charges Day: Eco Week
Turkey’s central bank is in a bind and buyers are about to learn how coverage makers remedy the dilemma of…
Global Anti-Money-Laundering Fine Amounts Released
An Overview of Financial Crime Fines Money laundering has consistently been a key area of focus for enforcement action,…
UAE, Israel agree on historic deal to establish diplomatic ties
President Trump Meets With Israeli PM Netanyahu At The White House The UAE has reached a historic agreement to…
UAE banks headed for more job losses in second half of 2020
UAE banks, especially those with large retail operations are headed for more redundancies as businesses is contracting fast and margins…
Commercial Bank launches CB Instant Account opening through mobile
Commercial Bank, Qatar’s first private bank, announced the launch of a new account opening facility named as ‘CB Instant Account’,…
Oman secures $2bln bridge loan – sources
The government of Oman has signed a one-year $2 billion bridge loan with a group of international and regional banks,…
IMF Grants Egypt $5.2 Billion Loan
The International Monetary Fund’s (IMF) executive board approved on August 11th a 12-month stand-by arrangement for Egypt at a total…
Why banking on GCC e-wallets is an easy money decision
In a matter of seconds, a digital wallet allows secure payment of bills and purchases to retailers, but also the…