QFB holds AGM to discuss performance, future initiatives
Qatar First Bank held its annual general meeting Tuesday to discuss the bank’s performance and future initiatives after releasing its…
Regulation, Risk & Compliance
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Qatar issues $10bn bonds in international debt markets
Qatar has issued $10bn in bonds in tranches of five, 10, and 30 years yesterday, thus becoming the first sovereign…
Lebanese banks set 2,600 pounds to dollar rate for small accounts
Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for withdrawals from small accounts of up…
Lebanon to audit central bank accounts
Lebanon will audit its central bank’s accounts in a bid to show transparency after launching debt restructuring talks with creditors,…
COVID 19 fight: UAE banks ready to meet challenges
The UAE’s banking sector will stand with the nation and its people to face the challenges posed by the coronavirus…
Dubai’s Emaar chairman takes 100% salary cut, assures employees ‘this too shall pass’
Chairman of Dubai-based property developer Emaar, Mohamed Ali Alabbar, has taken a 100 per cent salary cut, in response to…
Kuwait’s Wealth Fund on Standby as Oil Price, Virus Hit Finances
Kuwait’s government has discussed the possibility of turning to the sovereign wealth fund for a loan should the oil-price slump…
Jordan Central Bank Says Too Early to Predict Impact of Coronavirus on GDP
Jordan’s central bank governor, Ziad Fariz, said on Monday it was too early to predict the extent of the negative…
Saudi imposes 24-hour curfew in several cities including Riyadh, Dammam
Saudi Arabia has imposed a 24-hour curfew in several cities across the kingdom including capital Riyadh to curb the spread…
DFSA Takes Measures to Support its Financial Community
DFSA providing a series of significant regulatory relief measures Measures allow financial services firms to focus attention on protecting the…
Saudi futuristic city turns into a mirage in Covid-19 era
In the Red Sea coastal province of Tabuk, where the futuristic city of NEOM was meant to rise from the…
ADCB Group Completes Complex Three-Bank Integration to Create Fully Unified, Powerful Banking Group
Abu Dhabi Commercial Bank Group PJSC (ADCB Group) has achieved full integration of Union National Bank (UNB) and Al Hilal…