Dubai Islamic Bank shareholders approve Noor Bank acquisition
Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…
Regulation, Risk & Compliance
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Bahrain central bank urges banks to ease debt terms, fees due to coronavirus – circular
Bahrain's central bank on Thursday urged banks and financing companies to consider re-scheduling or granting deferrals on credit installments in…
Central Bank of Kuwait cuts discount rate to 2.5 per cent
The Central Bank of Kuwait’s Board of Directors has reduced the discount rate by 0.25 percentage points from 2.75 per…
DFSA signs MoU with IOMFSA
The Dubai Financial Services Authority has signed a new Memorandum of Understanding with the Isle of Man Financial Services Authority. …
Pilatus banker’s defence: U.S. dollar payments were not meant to breach Iran sanctions
A contract signed between Iran and Venezuela in 2006 for the development of a 12,000 housing project in Zulia state…
UAE bank sanctioned
The Central Bank of the UAE announced an administrative sanction against a bank in the country for non-compliance of the…
Middle East businesses see biggest rise in customer fraud
Fraud and economic crime rates remain at record highs in the Middle East, impacting companies in more ways than ever,…
Data and AI to Add More Than USD 10 Billion to Saudi Arabia's Economy
The Saudi Data and Artificial Intelligence Authority yesterday celebrated the launch of its brand identity at an event held at…
Middle East businesses see biggest rise in customer fraud
Fraud and economic crime rates remain at record highs in the Middle East, impacting companies in more ways than ever,…
Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative
Dubai’s biggest bank Emirates NBD announced that it has introduced new measures to support UAE businesses in line with recent…
Saudi Arabia's 'instant visas' aims to support new businesses
Saudi Arabia has launched a new ‘instant visa’ scheme to support entrepreneurs setting up new businesses in the kingdom. …
Kuwait registers $12.08bln real estate deals in 2019 – KFH
The real estate sector in Kuwait has continued its positive trajectory that started four years ago, as it recorded sale…