Egypt's New Wealth Fund Eyes Stake in Siemens-Built Power Plants
Egypt’s new sovereign wealth fund plans to acquire a stake of about 30% in power plants co-built by Siemens AG…
Regulation, Risk & Compliance
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CBK unveils liquidity management, forecasting dashboard
Governor of the Central Bank of Kuwait Dr Mohammad Y. Al-Hashel announced CBKs live and consolidated “Liquidity Management and Forecasting…
Lebanon: Central Bank Tries to Calm Nerves as Bank Employee Union Calls for Strike
Lebanese Central Bank Governor Riad Salameh sought on Monday to calm nerves by saying bank deposits are secure and that…
UAE Set for Faster Cryptocurrency Adoption as Institutional Investment Increases
As the nation’s authorities begin to draft regulations, the United Arab Emirates appears to be on the verge of expansion…
Boursa Kuwait approves Zagtrader for its market making solution
ZagTrader has formally announced that it is the first platform to be fully certified by Bourse Kuwait as per to…
Dubai's Jafza first to roll out new workforce protection deal
Jebel Ali Free Zone has signed an agreement with Dubai Insurance Company to be the first to roll out the…
DIEDC, AAOIFI ink agreement to collaborate in Islamic Finance standards
Dubai Islamic Economy Development Centre and the Accounting and Auditing Organization for Islamic Financial Institutions have signed a memorandum of…
UAE banks record total assets of USD820bn
According to official figures from the UAE Central Bank, the total assets of UAE-based conventional banks rose to about USD670…
Employees' rights under new DIFC employment and insolvency laws
The Dubai International Financial Centre made significant changes to its insolvency and employment laws earlier this year. The way that…
UAE central bank says foreign assets down 0.8% in Q3
The United Arab Emirates central bank said on Sunday its foreign assets fell by 0.8% to 374.3 billion dirhams ($101.91…
DFSA participates in Singapore FinTech Festival
The Dubai Financial Services Authority is participating in the 2019 Singapore FinTech Festival. Hosted by the Monetary Authority of Singapore…
Lebanese bank employee union calls strike over safety concerns
A Lebanese bank employees' union called on bank staff to go on strike from Tuesday because of safety concerns, the…