FAB’s EOSB funds secure initial approval from MOHRE, SCA
Through this initiative, employees now have the chance to grow their end-of-service benefits using the UAE government’s new Alternative End-of-Service…
Regulation, Risk & Compliance
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QCB grants sandbox entry approval to Ajyal FinTech Solutions
Qatar Central Bank has recently granted sandbox entry approval for Ajyal FinTech Solutions LLC (Wafir) in line with the third…
Leonteq launches Shari'a-compliant offering on LYNQS
Leonteq announced that it has enabled its Shari’a-compliant structured product offering on its digital investing platform, LYNQS. Following the…
DFSA fines company for unauthorised, misleading financial promotions
The Dubai Financial Services Authority published today a Decision Notice against Vedas International Marketing Management (Vedas Marketing) for unauthorised and…
SAB receives prestigious ISO certification
Saudi Awwal Bank has achieved the ISO 9001:2015 certification from the International Organization for Standardization, becoming the first bank in…
Saudi EXIM Bank and Africa Finance Corporation sign MoU
The Saudi Export-Import Bank (Saudi EXIM) and Africa Finance Corporation(AFC), Africa’s leading infrastructure solutions provider, have signed a Memorandum of…
UAE banks extend $22bn in loans to SMEs in H1 of 2024: CBUAE
UAE banks provided 81.2 billion dirhams ($22.1 billion) in loans and financial facilities to small and medium-sized enterprises by the…
IMF proves Saudi banks have reasons for optimism
Saudi Arabia’s banks have performed well this year, as evidenced by a big vote of confidence from the International Monetary…
NBK joins the annual meetings of the IMF and the World Bank Group in Washington, D.C.
In a reflection to its unwavering commitment to advancing international collaboration and knowledge exchange in finance and economics, National Bank…
GITEX 2024: KPMG launches Risk Hub in the UAE in collaboration with Microsoft and IBM
KPMG Lower Gulf has launched an easy, reliable, and cost-effective Governance, Risk, and Compliance (GRC) service now available to clients…
Saudi banks reach highest-ever levels of credit
Saudi Arabia has reached its highest-ever levels of bank credit, latest figures show, the Saudi Press Agency (SPA) reported. …
IMF warns Turkiye of risks to gradual approach to inflation fight
The International Monetary Fund urged Turkiye to accelerate its fight against inflation, highlighting an upcoming wage hike as a potential…