Kuwaitis, expats borrowed 1.57 billion dinars in 2019
The credit granted by Kuwaiti banks witnessed a 4.3% jump during 2019 by end of the year to record 38.4…
Regulation, Risk & Compliance
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Bahrain brings charges in vast money laundering case linked to Iranian state-owned banks
Bahrain launched legal proceedings on Thursday against a number of individuals and businesses involved in a vast money laundering scheme…
UAE banks must stop using compliance as a weapon
The banking community must rethink its strategy on compliance. This over-indulgence with compliance is not going down well with customers.…
Discover Increases Acceptance in Oman
Discover Global Network has signed a deal with the National Bank of Oman to increase acceptance for Discover, Diners Club…
Bahrain Bourse issues resolution to list T-Bills and sukuk
Bahrain Bourse issued Resolution No (4) for the year 2020 on Sunday to list Treasury Bills and short-term Islamic lease…
Deloitte Showcases Latest In AI Technology In Dubai
Deloitte has launched its Middle East inaugural Experience Analytics event in Dubai at Dubai Studio City. Experience Analytics is…
Qatar bans cryptocurrencies after updating its AML laws
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of…
UAE bank fined $600k over money laundering risk
The Jersey branch of a Middle Eastern bank has been fined £475,000 ($613,000) for failing to intervene appropriately when two…
Qatar Central Bank eyes launch of 'Sandbox' technology
The Qatar Central Bank is preparing to launch ‘Sandbox' technology for computer security as part of QCB's preparations to unveil…
SAMA proposes the Draft Rules governing Bancassurance Activities for Public Consultation
As part of the Saudi Arabian Monetary Authority’s mission to enhance the transparency and the contribution of public, SAMA welcomes…
Emiratisation in the UAE
Companies operating in the UAE need to be mindful of what the current legal framework is and the consequences for…
Dubai's Shuaa Capital completes deal to sell market-making business
Shuaa Capital, which recently completed a merger with Abu Dhabi Financial Group, has announced the completion of an all cash…