Kuwait’s Burgan Bank to sell its majority stake in Bank of Baghdad
Burgan Bank, the second largest bank in Kuwait by assets, signed an agreement to sell its majority stake in Bank…
Regulation, Risk & Compliance
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Number of UAE expats looking to emigrate to Canada 'surges' in 2019
A growing number of expatriates in the UAE are increasingly looking for cost-effective ways to obtain a residency in Canada,…
Turkey’s Regulatory Board CMB Moves Against Bitcoin
Turkey’s regulatory group, the Capital Markets Board, is planning to accelerate its Bitcoin and cryptocurrency regulation efforts by 2020. …
UAE Reviews Plans To Combat Terrorism, Money Laundering In February
The UAE has presented its plan to combat money laundering for the upcoming month of February, during a joint review…
Kuwait finance house-Bahrain signs an agreement with Kooheji real estate to provide special financing for 'One Bahrain bay' project's clients
Kuwait Finance House - Bahrain has signed an agreement with Kooheji Real Estate to provide off-plan financing for customers interested in…
Saudi Arabia bans combined insurance and reinsurance businesses
Regulators in Saudi Arabia have enacted a ban on combining insurance and reinsurance brokerage activities in the same company. …
Qatar, Australia trade reaches new heights
Australia’s annual bilateral goods and services trade with Qatar has reached a new all-time high of QR5.8bn, according to the…
Green finance grows in Middle East as Etihad signs loan
Etihad Airways has signed a €100m loan linked to the UN’s Sustainable Development Goals. The deal is one of the…
Qatar blocks crypto asset services
Qatar's financial regulator has blocked any and all crypto asset services in the Gulf nation. The QFC Regulatory Authority…
Saudi Arabia Bans Insurance and Re-Insurance Activities within the Same Firm
The Saudi Arabian Monetary Agency has prohibited combining insurance and reinsurance brokerage activities in the same company, effective immediately, it…
CII and Lloyd’s join forces with DIFC to boost insurance sector
Dubai International Financial Centre had signed individual memorandums of understanding with two leading institutions to fuel the region’s insurance sector…
Financial group: ‘Hundreds of millions of dollars missing’ from Cayman fund
Gulf Investment Corporation, claims “hundreds of millions of dollars are missing” from The Port Fund L.P., set up in 2007…