Saudi central bank injects SR50bn to support liquidity of banking system
The Saudi Arabian Monetary Authority is set to inject SR50 billion in the banking system to enhance the liquidity in…
Regulation, Risk & Compliance
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Gulf Countries to Experience Worst Economic Crisis in History: IIF
The six Gulf Cooperation Council nations are facing their worst economic crisis in history amid the double shock of plunging…
Emirate of Sharjah hires banks for sukuk that could go up to $1 billion
Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar…
Kuwait-businesses to resume amid coronavirus
Businesses including banks can return to their work as a measure of the country's plan to recommence economy, according to…
Banque Syz expands into Turkey
Banque Syz has received a licence from the Turkish regulators to open a representative office in Istanbul, the firm announced…
UAE Central Bank issues financial reporting guidance to calculate Covid-19 credit losses
The Central Bank of the UAE issued guidance to financial institutions on the application of International Financial Reporting Standard 9…
Saudi Arabia's central bank injects 50bn riyals to boost liquidity of financial sector
Saudi Arabia’s central bank is injecting 50 billion riyals (Dh48.82bn / US$13.29bn) into its banking sector to boost liquidity and…
Investor confidence rebounds as trade licences rise in May
The UAE has recorded a slight upswing in the number of business licences issued in May, a trend indicating the…
Saudi Arabia PIF’s $40bn boost aimed at post-pandemic profit
The Public Investment Fund (PIF), Saudi Arabia’s ambitious sovereign wealth fund, is seeking to use the extra $40 billion it…
Sharjah hires banks for $1bn sukuk sale
The emirate of Sharjah hired banks to raise as much as $1bn from international debt markets, joining wealthier Gulf states…
Curbing money laundering
RECENT regulatory penalties by the Office of Financial Asset Control of the United States, Financial Conduct Authority of the United…
Initiative to promote private investments in Bahrain's government land
Plans are underway to seek private investments in government-owned land, said a top businessman. Bahrain Chamber of Commerce and…