Bond yields soften on account of global trade tensions amid Fed rate cuts
In 2019, global bond issuances are at $2.694tn as against $3.79tn in 2018. The Federal Republic of Germany, Republic of…
Regulation, Risk & Compliance
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Banks to close Saturday marking Arafat day
Banks will close as of Saturday, August 10, 2019 coinciding with pilgrims’ standing on Mount Arafat and will remain shut…
UAE billionaire warns of capital flight
United Arab Emirates billionaire, Khalaf Ahmad Al-Habtoor, yesterday warned of “possible escape by the foreign investors” from the Gulf state.…
RAKBANK partners with City Properties Real Estate to offer property management and monitoring services to business banking customers
The National Bank of Ras Al Khaimah had entered into a Memorandum of Understanding with City Properties Real Estate. …
Global sukuk issuances up 5.5% in 2018
GLOBAL sukuk issuances in 2018 rose to US$123.2 billion (RM512.51 billion), up 5.5% from the primary market sukuk issuances of…
Rate cut to support credit growth across GCC
The recent interest rate cut by the Federal Reserve is expected to boost private sector credit growth and credit demand…
UAE bourses join global sell-off as Fed turns a hawk
UAE indices witnessed a sell-off joining the world peers as US Federal Reserve chief hinted that they are not starting…
Bahrain Crypto Exchange Becomes the first Middle East Trading firm to get a Central Bank License
Rain, a Cryptocurrency exchange in Bahrain, has become the first exchange to be given a regulatory license in the Middle…
Bittrex to launch the first regulated crypto exchange in Middle East
American cryptocurrency exchange Bittrex has partnered with Rain Management WLL to launch the first fully licensed digital asset trading platform…
Kushner Promotes Peace Plan During Middle East Trip
President Trump’s son-in-law and senior adviser Jared Kushner tried to breathe life into Middle East peace efforts with meetings this…
Kuwait central bank decides to keep discount rate unchanged
Kuwait’s central bank said on Wednesday that it had decided to maintain its discount rate unchanged at its current level…
UAE, Saudi, Bahrain cut rates after Fed's signal
Saudi Arabia's central bank said on Wednesday it had cut key interest rates to preserve monetary stability, after the Federal…