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…
Regulation, Risk & Compliance
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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…
UAE central bank cuts interest rates by 50 bps
The Central Bank of the UAE, CBUAE, said on Tuesday that it was cutting interest rates on certificates of deposit…
Cisco connect kicks-off in Riyadh with renewed commitment to accelerating digitization
Cisco has revealed its latest solutions and strategic partnerships to aid the Kingdom’s digital transformation journey at Cisco Connect Riyadh.…
Bahrain central bank cuts key rate by 50 bps
Bahrain’s central bank said on Tuesday that it had decided to cut its key policy interest rate on the one-week…
Middle East: Banking in an age of conflict
Amine Awad, a veteran of Lebanese banking, has been a mainstay at Blom Bank for many years. But his career…