UAE mulls creation of single financial services regulator to replace IA and SCA
The government of the United Arab Emirates is examining the possibility of a merger between the country’s Insurance Authority and…
Regulation, Risk & Compliance
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The UAE's foreign investment regime
Foreign investment restrictions do exist in the United Arab Emirates (UAE). However, the regime is undergoing gradual change following the…
Egypt and European Investment Bank (EIB): A 40 year-long partnership to improve people’s lives
European Investment Bank Vice President Dario Scannapieco will visit Egypt later this week to participate in the “Invest in Africa…
Banks erect financial ‘fence’ as crisis sweeps Lebanon amid protests
Lebanese banks are liquid but operating in a very strong “wave of uncertainty”, the banking association head has said, describing…
Saudi Central Bank Watches Banks for Excessive Lending in Rush for Aramco IPO
Saudi Arabia is closely monitoring how much banks are lending to local investors rushing to buy shares in Aramco and…
UAE property insights: Removing upper age limit for mortgages could spur demand
The UAE central bank had issued a circular to banks to make two major changes in mortgages to increase customers'…
Dubai and FAB partner up on new financing scheme to boost SME sector
Dubai SME's Mohammed Bin Rashid Fund and First Abu Dhabi Bank formed a partnership to roll out a new receivable…
MOF Announces Strategic Partnership With Finovate Middle East
The Ministry of Finance announced its strategic partnership with the second edition of Finovate Middle East, a pioneering event in…
Emirates NBD raises $1.76 bln in an oversubscribed rights issue
Emirates NBD Bank ENBD.DU raised 6.45 billion dirhams ($1.76 billion) by issuing new shares after the capital call was oversubscribed…
Malath to capture greater efficiencies in managing Sharia Compliance
Malath Insurance had announced the assignment of Shariyah Review Bureau a leading Sharia Advisory firm focused on Sharia Boards, certification…
Qatar banks can largely fend off tougher 2020
As the outlook for Qatar’s real estate, construction and hospitality sectors is delicately poised, Qatar banks should contend with challenging…
Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link
Wethaq has announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital…