New DIFC Employee Workplace Savings Scheme Proposed
On 17 October the Dubai International Finance Centre issued a consultation paper proposing amendments to its employment laws. The amendments…
Regulation, Risk & Compliance
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UAE central bank proposes new real estate lending rules for banks
The United Arab Emirates' central bank has proposed new regulatory measures to prevent banks from over-exposure to real estate and…
Regulatory environment biggest hurdle facing fintech startups
The Middle East’s financial technology (fintech) sector has become one of the fastest growing over the past five years, attracting…
Goldman Sachs ousts banker over compliance breach
Goldman Sachs Group Inc. dismissed a senior banker in the Middle East over compliance violations, according to people with knowledge…
Saudi startups join regional accelerator to boost social impact
SABB has joined partner bank HSBC to open the regional “C3 Social Impact Accelerator” to Saudi startups for the first…
BisB witnesses a positive surge in new customers via "Selfie" mobile account opening
Recently, BisB revealed during a broadcast on the Bank’s YouTube channel its latest digital milestone, announcing that customers could sign…
"KFH Group" establishes a partnership with "Brilliant Lab"
Kuwait Finance House Group has established a partnership with Brilliant Lab. KFH invests in the company through its investment…
NBK partners with global non-profit ‘Entrepreneurs’ Organization’, Kuwait
National Bank of Kuwait signed a partnership agreement with the global non-profit “Entrepreneurs’ Organization” Kuwait Chapter in an aim to…
Egypt- 20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE's mortgage finance initiative
20 banks have injected EGP 24.6bn of funding to finance housing units for 254,200 low and medium-income citizens under the…
Saudi Trade Finance Summit to focus on tech disruptions
The upcoming 7th Annual Saudi Trade Finance Summit in Riyadh, Saudi Arabia, will host experts who will discuss the disruptions…
Lebanon Pledges Bank Tax as Part of Sweeping Drive to End Unrest
Lebanese officials promised to tax banks and slash their own pay as they unveiled an unprecedented package of measures to…
Iran's Central Bank chief speaks out on currency plunge, $15 billion French credit line
In an exclusive interview with Al-Monitor, the governor of Iran’s Central Bank, Abdulnaser Hemmati, said he has been able to…