EBRD joins ING Türkiye’s first Basel III compliant Tier II bond issuance
The European Bank for Reconstruction and Development (EBRD) is investing $25 million in ING Türkiye’s first ever Basel III compliant…
Regulation, Risk & Compliance
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FinTech tops MENA’s total funding of $328m in September 2024
The Middle East and North Africa (MENA) startup scene continues to thrive, with a total of $328.3 million raised across…
Hong Kong Monetary Authority and Qatar Central Bank strengthen financial cooperation
The Hong Kong Monetary Authority (HKMA) and the Qatar Central Bank (QCB) held a bilateral meeting in Doha on 3…
Bank transactions on hold for thousands of Kuwaitis
Thousands of Kuwaitis are having their government and banking transactions frozen after they failed to meet a September 30 deadline…
Kuwait suspends electronic banking for 60K with biometrics unregistered
Following the September 30 deadline for Kuwaiti citizens to undergo biometric fingerprinting, the Public Authority for Civil Information (PACI) has…
Abu Dhabi, Dubai CDS drop; reflects fiscal resilience, says CBUAE
Credit Default Swaps for the government of Abu Dhabi have decreased from 44 basis points (bps) in December 2023 to…
Total reserves of Turkish central bank hit new record high
The total reserves of the Turkish central bank surged approximately $2.8 billion (TL 96 billion) in a week to Sept.…
NBK-Egypt signs cooperation protocol to provide equipment for Baheya Hospital new branch in Sheikh Zayed
El-Seyoufi: We aim to support the State’s endeavors to achieve the goals of Egypt’s Strategic Vision 2030 - NBK-Egypt…
Turkey’s central bank raises reserve ratios
The Turkish central bank said on September 21 that it was raising the reserve requirement ratios (RRRs) for lira deposits…
Turkey holds key interest rate again
Turkey’s central bank has held its key interest rate at 50% for the sixth consecutive time, despite inflation having fallen…
Apex Group supports Phoenix Venture Partners’ MENA expansion with Abu Dhabi Global Markets licence and fund
Apex Group Ltd. has announced the recent approval of an Abu Dhabi Global Market (ADGM) fund manager licence for Phoenix…
Gulf central banks join Fed in cutting interest rates
Most central banks in the Gulf region cut their benchmark interest rates on Thursday, joining the US Federal Reserve in…