Bahrain c.bank cuts overnight lending rate to 2.45%
Bahrain's central bank cut its overnight lending rate to 2.45% from 4% "in light of the recent global developments," it…
Regulation, Risk & Compliance
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Commercial Bank of Dubai okays up to 40% ownership for non-UAE nationals
Commercial Bank of Dubai’s shareholders have approved the opening of up to 40 percent of the bank’s capital to non-UAE…
Iran asks IMF for $5 billion emergency funding to fight coronavirus
Iran has asked the International Monetary Fund for emergency funding to help it fight the coronavirus outbreak that has hit…
Director of FX broker Numex gets 8-year ban
The UK Insolvency Service today announces that Ehsan Tayefi, who was director of Numex Foreign Exchange Corporation (UK) Ltd, has…
Kuwait to suspend all flights from Friday over virus
Kuwait will halt all commercial flights to and from the country starting Friday and until further notice, with the exception…
Muddy Waters founder calls new NMC Health debt 'a massive fraud'
NMC Health uncovered $2.7 billion of debt hidden from its board that was used for unknown purposes, tipping the troubled…
UAE Central Bank to support banks in Covid-19 impact
The Central Bank of the UAE has confirmed their preparedness to support the banking system in mitigating the downside risk…
Banque Havilland Investigated by FCA Over Qatar FX Manipulation
David Rowland’s Banque Havilland SA faces investigations by Britain’s financial regulator over its role in what the Qatari government has…
EY: Five MENA IPOs raise US$30.0b in Q4 2019
According to the EY MENA IPO Eye Report, IPO deal value in the MENA region witnessed a sizeable increase during…
Emaar to stop taking bookings at three Dubai hotels as Covid-19 hits demand
Dubai-based Emaar Hospitality will stop taking bookings at three hotels in Dubai starting next week, it was reported on Monday.…
Lebanon banks agree to ease some curbs on cash-starved depositors
Lebanese banks Tuesday agreed to lift certain restrictions imposed last year to stem a crippling liquidity crisis, the National News…
Emirates NBD holds its 13th General Assembly Meeting
Emirates NBD held its 13th General Assembly Meeting at the Bank’s Headquarters. At the General Assembly Meeting, a review…