Saudi mortgage loans soar in 2019, with $18bn offered in year up until November
Over 155,000 mortgage loans worth SR69 billion ($18bn) have been offered throughout 2019 up until November. Figures released by…
Regulation, Risk & Compliance
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Kuwait current account surplus hits KD 1.3b in Q3: CBK
Kuwait recorded a current account surplus of KD 1.3 billion ($4.3 billion) in the third quarter of 2019, the Central…
UAE’s banking system provides financial facilitations to retail sector worth AED50.4 billion in 9 months
The UAE’s banking system increased the total value of financial facilitations provided to retail commerce, amounting to AED50.4 billion during…
DED cooperates with DIB to support Instant License holders
The Business Registration and Licensing, BRL, sector in the Department of Economic Development, DED, in Dubai, has teamed up with…
Arab World Slow To Embrace Crypto, But Steadily Picking Up
The cryptocurrency industry has suffered a bit of a lackluster reception in the Middle East since the start, with mass…
Innovation in treasury management
IBS Intelligence held its second FinTech Roundtable at the CedarIBSI FinTech Lab in Dubai Media City on 28 November 2019.…
Bankers Prefer CBI Fix Banking Reforms
Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The…
Machhapuchchhre Bank signs loan agreement Mashreq Bank, Dubai
Machhapuchchhre Bank Limited has signed an agreement worth USD 10 Million with Mashreq Bank, Dubai. The Nepal Rastra Bank…
Turkey tweaks rules for banks in bid to boost official reserves
The Turkish central bank raised reserve requirement ratios for foreign currency deposits and participation funds by 200 basis points in…
DFSA to launch Cyber Threat Intelligence Platform
The Dubai Financial Services Authority is launching a Cyber Threat Intelligence Platform to help firms in the Dubai International Financial…
Ministry of Finance to launch e-stamp service
Ministry of Finance, with the cooperation of Shared Electronic Banking Company, launched the service of direct purchase and issuance of…
UAE Telecom Regulatory Authority warns public of a computer virus spreading fraudulent links
The Telecommunications Regulatory Authority has warned the public against a worldwide virus outbreak that goes by the name of ‘Emotet’.…