Al Baraka signs key financing accord
Al Baraka Islamic Bank has signed a memorandum of understanding with Al Mannai Projects, with the aim of providing funds…
Regulation, Risk & Compliance
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Qatar- Banks 'key enablers' to successful restart of local economy: QIB chief
Banks in Qatar are acting as key enablers for the successful restart of the local economy, supported by the Governments'…
Saudi Arabia Central Bank Leads The Way With Blockchain-Powered Transfer
Over the past five years something extraordinary has happened in blockchain: countries usually known for following tech innovation have taken…
Financial guidelines from the Covid-19 pandemic
The coronavirus pandemic has a profound impact on every aspect of life. At Al Salam Bank, we are committed to…
Saudi Arabia: Is the VAT Increase a game changer?
Economic and fiscal reforms in Saudi Arabia through to the end of 2019 haveled to an impressive fall of the…
DIFC Fintech Fund invests in four startups
Dubai International Financial Centre (DIFC) has dipped in to its $100 million Fintech Fund to invest in four startups, FlexxPay,…
Tunisia cbank allows resident firms to borrow from abroad in foreign currencies
The Tunisian Central Bank said on Thursday it would allow locally based firms to borrow from abroad in foreign currencies…
Kuwait plans to drastically reduce expat population
As COVID-19 and low oil prices continue to rattle Gulf economies, the Prime Minister of Kuwait, Sheikh Sabah Khalid Al…
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
Oman to set up an investment authority to manage government assets – state TV
Oman is setting up the Oman Investment Authority to own and manage most of the country's sovereign wealth fund and…
First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…