Regulation, Risk & Compliance

Coronavirus

Qatar Participates in Global Summit to Discuss Impact of COVID-19 on Global Economy

July 10, 2020

The State of Qatar, represented by the Ministry of Administrative Development, Labor and Social Affairs, participated in the virtual global…

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FinTech

Mobile payment service PayBy ties up with uPay to extend its reach

July 10, 2020

Abu Dhabi-based FinTech PayBy is partnering with uPay to expand its reach to more than 850 uPay self-serve kiosks across…

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Hedge Funds & Alternative Investments

Fitch Affirms Gulf International Bank- Saudi Arabia at 'BBB+'; Stable Outlook

July 10, 2020

Fitch Ratings has affirmed Gulf International Bank - Saudi Arabia's (GIB SA) Long-Term Issuer Default Rating (IDR) at 'BBB+' with…

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Insurance

UAE merges financial services regulators in government shake-up

July 10, 2020

The United Arab Emirates is to merge its Insurance Authority (IA) and Securities and Commodities Authority as part of a…

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FinTech

Saudi Payments and Discover sign network alliance agreement

July 10, 2020

Discover and Saudi Payments signed a strategic agreement that will increase the global acceptance footprint for both organizations.   The…

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Financial Results

UAE provided financial facilities worth Dhs5.8bn to non-profit organisations in Q1 2020

July 10, 2020

The Central Bank of the UAE has said that the value of financial facilities provided to non-profit organisations and the…

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FinTech

One fifth of Middle East bank holders now use FinTech solutions

July 9, 2020

A Deloitte survey across nine key markets in the Middle East has found that despite a growing willingness to adopt…

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Comment & Analysis

$8bn blow to Erdogan as investors flee Turkey

July 9, 2020

Foreign capital is flooding out of Turkey in a massive vote of no confidence in President Recep Tayyip Erdogan’s economic…

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Comment & Analysis

Israel cenbank’s Abir says buying corporate bonds to prevent layoffs

July 9, 2020

The Bank of Israel’s decision to start buying corporate bonds should enable companies to issue debt and prevent further layoffs…

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Comment & Analysis

DIFC Presidential Directive in response to COVID-19 ends on July 31

July 9, 2020

Dubai International Financial Centre on Wednesday said that the Presidential Directive announced in the last week of April in response…

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Comment & Analysis

Doha Bank bid to bring in more financial firms from Japan to invest in Qatar’s capital market

July 9, 2020

Doha Bank is strengthening operations in its rep office in Japan to bring in more financial institutions from there to…

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Comment & Analysis

Qatar Central Securities Depository registered QR600mn in treasury bills in June

July 9, 2020

The Qatar Central Securities Depository  said yesterday that it registered QR600mn in treasury bills issued by the Qatar Central Bank …

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