Oman Insurance considers bid for AXA's Middle East operations
Oman Insurance Company is mulling a bid for the Middle Eastern operations of French insurer AXA, Bloomberg has reported. …
Regulation, Risk & Compliance
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UAE stimulus will limit banks’ asset quality dip
A host of fiscal and monetary support schemes announced by the UAE government and Central Bank to support the economy…
Dubai's DIFC appoints experts to oversee new employee savings plan
Dubai International Financial Centre has announced the appointment of the members of the supervisory board of its new Employee Workplace…
UAE Central Bank issues 'Dormant Account Regulation'
The Central Bank of the UAE has issued the “Dormant Accounts Regulation”, which intends at establishing a framework for the…
First Abu Dhabi Bank suspends some services amid coronavirus outbreak
First Abu Dhabi Bank has suspended some banking services at its branches across the UAE – including cash deposits –…
Six-Month Deferral On Instalments
Bahrain’s top bank yesterday deployed further regulatory measures and relaxations to cushion the pain inflicted by the coronavirus (COVID-19) on…
Qatar Central Bank lowers interest rates
Qatar Central Bank announced yesterday that it reduced its deposit rate by 50 bps to 1.00 percent, lending rate by…
Dubai's DIB shareholders approve increase in foreign ownership limit
Shareholders of Dubai Islamic Bank, the largest Islamic bank in the UAE, have approved an increase in foreign ownership limit…
GCC central banks cut interest rates following Fed's shock move
GCC central banks cut rates on Monday following the biggest rate cut by the US Federal Reserve since the 2008…
MaCeen Capital license suspension ends – Saudi CMA
The Saudi Capital Market Authority announced the end of the suspension period of MaCeen Capital Company’s securities business license. …
Emaar suspends entertainment at all its attractions across Dubai
Emaar Entertainment which operates major tourist attractions across Dubai, has announced the temporary closure of all of them until the…
UAE Central Bank cuts interest rates to stem coronavirus impact
The UAE Central Bank cut its interest rates on Monday as part of an emergency response to cushion the economic…