UAE banks can withstand shocks of any size, says regulator
The United Arab Emirates Central Bank said on Tuesday the country’s banking sector can withstand any scale of shock as…
Regulation, Risk & Compliance
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Oman Investment Authority reviews its financial position
The financial status of Oman Investment Authority and the performance of its investments within the Sultanate and abroad were reviewed…
QFC appoints Abdulla Al Hajri as Chief Administrative Officer
Qatar Financial Centre has announced the appointment of Abdulla Mohamed Al Hajri as Chief Administrative Officer with immediate effect. …
S&P Global expects sukuk issuance to touch $100bn in 2020
Sukuk issuance volume is expected to total around $100bn for 2020, about 40 percent lower than in 2019. The…
Islamic Development Bank Group to respond to COVID-19 with USD 2.3 Billion package
A crowd of over 700+ engaged participants comprising of exceptional entities, seasonal practitioners, Government officials, individual investors, business associations, entrepreneurs,…
Saudi Ground Services signs $133.3mln murabaha with Saudi British Bank
The Saudi Ground Services Company (SGS) has signed a 500 million Saudi riyals ($133.3 million) murabaha financing agreement with the…
Middle East Banks Pair Up to Weather Oil’s Plunge and Virus
The global pandemic and an oil price rout are prompting a new wave of consolidation talk among banks in the…
Creating Wealth: Taking successful business experience overseas through a joint venture
Expanding to an overseas market can prove to be challenging for many businesses that are successful in their domestic market.…
UAE financial regulators to merge
The United Arab Emirates government has confirmed that the Insurance Authority (IA) and the Securities and Commodities Authority (SCA) will…
Saudi Arabia’s 6-point plan to jumpstart global economy
Saudi Arabia, in its capacity as president of the G20 group of nations, has unveiled a six-point business plan to…
UAE Central Bank to launch new overnight deposit facility
The UAE Central Bank said on Monday it would introduce a new overnight deposit facility as of July 12 to…
UAE central bank to launch overnight deposit facility
The United Arab Emirates Central Bank will introduce a new overnight deposit facility as of July 12, it said on…