Egypt to pay pensioners five allowances
Egypt’s public treasury will afford the cost of paying EGP 35 billion worth of the five allowances to pensioners this…
Regulation, Risk & Compliance
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OIII3Bank debuts in Dubai, begins operation in April
All is set for OIII3 Bank to kick-start operation in Dubai, United Arab Emirates in April 2020. OIII3 Bank…
BBK to distribute $135m cash dividends for 2019
BBK has announced that its ordinary general assembly has approved the board of directors’ recommendation to distribute BD51.4 million ($135.3…
Detained in Dubai calls upon Gulf States to release expat detainees at risk of Coronavirus
The overwhelming majority of Western expats currently detained in the Gulf States have been convicted on financial charges which are…
Lebanon to stop paying all dollar Eurobonds -finance ministry
Lebanon will discontinue payments on all its foreign currency Eurobonds, the government said on Monday, as it seeks to devise…
Saudi banks to postpone repayment of loans for healthcare employees
Saudi Arabia has announced an initiative supporting the kingdom’s healthcare workers, who are among those on the front lines of…
Annual General Meeting of Al Baraka Banking Group Approves Cash Dividend Payouts of US$ 24.9 million to Shareholders
Mr. Abdulla Ammar Al Saudi, Vice Chairman of ABG chaired the Meeting, in which the Group's shareholders discussed the Report…
FAB provides laptops worth AED 5m to students to support distance learning
First Abu Dhabi Bank, FAB, has partnered with the Ministry of Education to support its distance learning platform. The…
Chairman of Misr Bank appointed head of Egyptian Banks Federation for three years
The Federation of Egyptian Banks has appointed chairman of Misr Bank Mohamed El-Etreby to chair the federation for the coming…
Misr Life Insurance accepts premium payments through electronic platforms
Misr Life Insurance Company, a subsidiary of Misr InsuranceHolding Company, has taken measures encouraging its customers to reduce cash transactions…
No freezing of assets, rental evictions in Abu Dhabi amid coronavirus crisis
The Abu Dhabi Judicial Department has announced it will suspend all rental property eviction cases for a period of two…
Former Lebanese minister May Chidiac tests positive for coronavirus
Former Lebanese minister May Chidiac said she has tested positive for the coronavirus and is undergoing treatment after returning from…