Saudi regulator seeks to raise capital levels for insurers
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central…
Regulation, Risk & Compliance
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UAE GDP grew 2.9% in 2019, says Central Bank
The UAE’s GDP is estimated to have grown 2.9 percent in 2019, according to the UAE Central Bank. According…
IHS Markit and Tadawul launch Saudi government Sukuk index
The Saudi Stock Exchange (Tadawul) has partnered with IHS Markit for the launch of an index tracking the performance of…
First Abu Dhabi Bank appoints new group CEO, approves dividends
First Abu Dhabi Bank elected new board members and approved the distribution of cash dividends at its general assembly meeting.…
DFSA Fines Company USD 105,000 for Unauthorised Activity
The Dubai Financial Services Authority (DFSA) has announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office.…
Dubai fines financial advisor $105k for unauthorised mortgage operations
The Dubai Financial Services Authority on Tuesday announced that it has fined Enness Limited (Enness DIFC) $105,000 for engaging in…
Kuwait lawmakers okay amendments to bank regulation law
Kuwait's parliament, in the first and second deliberations, has given the thumbs up to a proposal for a law aiming…
UAE banks lay off 930 employees, close 49 branches
UAE banks have laid off 930 employees, with local banks closing down 49 branches in the third quarter of 2019.…
QIB introduces suite of Takaful products on mobile App
Qatar Islamic Bank has become the first bank in Qatar to provide Takaful plans for customers on its mobile App,…
Egypt to issue intergovernmental green bonds
Egypt’s Ministry of Finance started its procedures to issue intergovernmental green bonds, to be the first country in the Middle…
AUB attracts national talents at PAM’s career fair
As part of its continuous efforts to attract and support the most qualified national ambitious youth, Ahli United Bank participated…
UAE c.bank says monitoring job cuts in financial industry
United Arab Emirates’ central bank said on Saturday it is closely following recent job cuts in the financial sector, after…