Jordan's banks to cut rates by 1.5% to spur economy hard hit by COVID-19
Jordan's responded to central bank calls to cut interest rates charged to small and medium sized firms and individuals feeling…
Regulation, Risk & Compliance
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Saudi regulator revises initiatives to help banks fight COVID-19 challenges
The Saudi Arabian Monetary Agency has either postponed or temporarily eased many initiatives in its efforts to enable financial institutions…
Global Financial Markets Policy Responses to COVID-19
In early March 2020, the OECD’s Interim Economic Outlook highlighted that the coronavirus outbreak had already caused a sharp declinein…
Misr Life Insurance’s “Maash Bokra” Pension Policy Is Now Available Exclusively To Clients Of NBE
The “Maash Bokra” pension policy, a unique policy that is now available in 40 branches of the National Bank of…
UAE ranks world's third largest gold purchaser
The UAE increased its gold reserves this year, becoming the world's third largest buyer of the yellow metal in the…
Lebanon In Crisis: FFA Private Bank CEO Jean Riachi Q&A
Global Finance: How is the current crisis affecting Lebanese banks? Jean Riachi: It’s very bad for Lebanese banks. Their…
Turkey says it’s not planning to make deal with IMF
Turkey is not planning to make an agreement with the International Monetary Fund, a presidential spokesman said on Sunday, as…
UAE banks do not require more stimulus from central bank, Al Ghurair says
Banks in the UAE do not need more stimulus from the central bank to deal with the coronavirus impact, although…
UAE banking sector fully geared to support the economy: Al Ghurair
The UAE banking sector is fully prepared to support the UAE economy form the potential adverse impact of coronavirus (COVID-19),…
UAE Central Bank urges bank chiefs to support SMEs and individuals as it disburses Dh10bn of zero interest loans
The Central Bank of the UAE's governor met with chief executives of lenders in the country and urged them to…
Kuwait Finance House postpones AUB deal process until December
Kuwait Finance House has agreed to postpone finalising its acquisition of Bahrain's Ahli United Bank until December due to the…
Jurisdictions move towards full implementation of standards for financial market infrastructures
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) released an update showing…