Ithmaar Bank continues support for Bahrain FinTech Bay
A senior Bahrain banker said that the Kingdom continues to lead the charge in financial innovation, with both local authorities…
Regulation, Risk & Compliance
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Saudi Arabia's Bonyan Reit raises 1.2bn riyals through Sharia-compliant loans
Bonyan Reit, a real estate investment trust managed by Riyadh-based Saudi Fransi Capital, raised 1.2 billion Saudi riyals (Dh1.18bn) as…
Central Bank announces new rules for loan
The UAE financial organization has removed the 70-year regulation for the last mortgage compensation so as to ease loan needs…
Saudi banks told to hire nationals in executive roles, regulator says
Financial institutions in Saudi Arabia should hire Saudi nationals for leading positions and, if they hire foreigners, they will have…
Dubai Chamber and Emirates NBD sign MoU on Digital Silk Road initiative
Dubai Chamber of Commerce and Industry has announced that it has signed a memorandum of understanding (MoU) with Emirates NBD,…
Edamah Signs a BD 4.5 Million Financing Agreement With KHCB for Salmaniya Carpark Development
Bahrain Real Estate Investment Company (Edamah), the real-estate arm of the sovereign wealth fund of the Kingdom of Bahrain, has…
BIAC signs 4 agreements to support entrepreneurship and innovation programs
Business Incubators and Accelerators Company owned by the Public Investment Fund has strengthened its strategic partnerships by signing four agreements…
Jassim Alseddiqi named CEO of Shuaa Capital following ADFG merger
Jassim Alseddiqi has been appointed CEO of UAE-based Shuaa Capital, according to a statement on the Dubai Financial Market. …
Singapore's Temasek rules out investment in Saudi Aramco IPO
Singapore's Temasek Holdings has decided against investing in Saudi Aramco's initial public offering over environmental concerns, Bloomberg reported. The…
Kuwait’s economic steps in right direction: World Bank
The World Bank has lauded economic steps that have been taken by the Kuwaiti government for boosting the private sector,…
Six-month deposits surge to AED182.2 bn in eight months
The six-month deposits at UAE banks picked up to circa AED182.2 billion from January through August 2019, a growth of…
Regulators Reject Qatar-Backed Deutsche Bank Board Member
In a rare intervention, Deutsche Bank’s regulators are blocking a banker backed by its largest shareholder, Qatar, from a seat…