DAE signs deal for $300m financing facility with ENBD
Dubai Aerospace Enterprise announced on Monday it has signed a $300-million (Dh1.1 billion), five-year unsecured financing facility with Emirates Islamic…
Regulation, Risk & Compliance
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Capital markets in UAE set for listings boost
The UAE has inked a draft law encouraging family-owned businesses to list, while an emerging pensions industry in Dubai is…
Citigroup Suspends Trader for Stealing Cafeteria Food
Citigroup Inc. suspended a junk-bond trader in London for repeatedly failing to pay for food taken from the bank’s cafeteria.…
Qatar Commercial Bank completes trial on the Marco Polo Platform
Qatar’s Commercial Bank has participated in the Blockchain Open Account Trade Finance Trial on the Marco Polo platform, built on…
Is BLOM bank leaving Egypt?
Prominent sources expect BLOM Bank to leave the Egyptian market in the coming period, in the context of the crisis…
Regulation of digital securities evolves in the Abu Dhabi Global Market
Businesses planning to tokenise their security assets should review whether their tokens will be regulated in the Abu Dhabi Global…
Egypt- CIB deploys digital solutions to revolutionise banking sector
The Commercial International Bank (CIB) has been a pioneer in digital banking solutions in Egypt which can contribute to achieving…
Saudi Arabia effectively combating money laundering
Countries worldwide are taking strict measures to fight money laundering and terror financing. Saudi Arabia is not only at the…
Saudi regulator fines SABB Takaful for late disclosure
The Saudi Capital Market Authority has imposed a SAR 40,000 fine on SABB Takaful as the insurance firm did not…
Doha fintech meet to help Qatar move towards becoming a global leader in supporting innovation
The private sector, start-ups, banks and regulators will come together in Doha next week to discuss the fintech regulatory developments…
National Bank of Fujairah underscores focus on Emiratisation
The National Bank of Fujairah, NBF, has reiterated its support for the development of local talent through its participation in…
Kuwait plans to lay off 25,000 expatriates, replace them with citizens
Chairman of Kuwait's parliamentary manpower committee MP Khalil Al-Saleh has spoken about a plan to lay off 25,000 expats and…