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…
Regulation, Risk & Compliance
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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…
REFILE-UAE stimulus to help bank liquidity but virus may increase problem loans – Moody's
Ratings agency Moody’s said on Tuesday that a $70 billion UAE stimulus package will support bank liquidity and limit likely…
Regulatory, stimulus measures to help UAE banks repel virus
The measures taken by the Central Bank of the UAE regarding the relaxation of Basel III regulations will help lenders…
Lebanon Draft Crisis Plan Sees Need for $10 bln-$15 bln and Depositor Contribution
Lebanon requires net external financing of $10 billion-$15 billion over the next five years to help it through its financial…
COVID-19: Economies need to be free of 'fear pandemic'
No business is ever set up to fail. No business can survive a government fiat that mandates the entire sector…