Iran-China deal is ‘pragmatic’: CGTN
In a commentary on its website on Thursday, the CGTN (China Global Television Network) says the impending 25-year comprehensive cooperation…
Regulation, Risk & Compliance
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Lebanon advisers to ‘work on compromise’ on financial plan
Lebanon’s financial adviser Lazard will see if a government financial rescue plan can be adjusted to reach a compromise workable…
Smart robotics can transform Middle East’s $17bn supply chain
This pandemic period has made it apparent that being reliant on a few countries for production means that when the…
Siraj Holding completes deal for Al Hilal Bank's Islamic insurance business
Private investment firm, Siraj Holding, has officially acquired Al Hilal Takaful, the Islamic insurance business and operations of Al Hilal…
COVID-19 will result in a permanent increase in compliance risk
New research report Today we release our "COVID-19: Compliance Risk Survey 2020" report, following a survey of Board directors and…
Saudi Real Estate Refinance Co signs 3 billion riyals deal with pension agency
Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of U.S. mortgage finance business Fannie Mae, said on Sunday it…
Exclusive: Kuwait scrambles to boost coffers with up to $16 billion debt plan
Kuwait plans to issue between 4 billion and 5 billion dinars ($13 billion to $16 billion) in public debt by…
BNY Mellon Secures Custody Licence from Saudi Arabia’s CMA
The Capital Market Authority (CMA) recently announced that it has come to the resolution to authorise BNY Mellon Saudi Financial…
Kuwait banking sector to remain stable, strength depends on length of crisis – c.bank
Kuwait's banking sector is expected to remain stable to a large degree, the central bank governor said in a report…
Turkish central bank to stay on hold amid inflation risks
Following a surprising end to its long rate cutting cycle, which started in mid-2019 with the objective of lowering the…
Saudi economy likely worse in Q2 despite June improvement – c.bank governor
Saudi Arabia's economy likely deteriorated more in the second quarter than in the first three months of the year, the…
Think tank skewers Dubai as hub for ‘dirty money’
US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…