Turkish Currency Falls After Erdogan Fires Central Bank Head
The Turkish currency took a hit on Monday as markets reacted for the first time since President Recep Tayyip Erdogan…
Regulation, Risk & Compliance
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DFM And DIFC Launch “Dubai Sustainable Finance Working Group”
Group aims to co-ordinate efforts to create the most sustainable financial hub in the region, as part of UAE’s Sustainable…
Abu Dhabi Global Market welcomes digital bank applications to its international financial centre
Digitalisation has led to a rapid transformation of the banking industry. Recognising this and to further support innovation, the Financial…
DIFC new appointments strengthen leadership team
The Dubai International Financial Centre Authority, the entity responsible for the operations and management of the leading financial hub for…
Scam alert: Fake bank operating in Dubai claims to offer easy loans
The financial authority in Dubai has warned residents not to deal with a fake bank, which claims to offer easy…
QIB wins “Best Islamic Bank in Qatar” award
Qatar Islamic Bank has bagged the “Best Islamic Bank in Qatar” at the 2019 edition of World Union of Arab…
QCB's foreign exchange reserves rise to $52.7bn in May: QNB
Qatar Central Bank’s foreign exchange reserves have risen to $52.7bn in May, QNB said in its latest ‘Qatar Monthly Monitor’.…
Doha Bank announces QR5,000 cashback on loans
Doha Bank has announced an exclusive cashback offer on personal loans, “highlighting its commitment to providing best-in-market personal finance solutions…
The UAE Introduces Mandatory Country By Country Reporting
UAE has published Cabinet Resolution 32, the introduction of new country by country reporting obligations that multinationals will be required…
Is the UAE financial system FATF-ready?
The UAE’s financial system is under the magnifying glass with the Financial Action Task Force’s mutual evaluation process scheduled for…
UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank
The UAE Banking system remains sound with sufficient capitalisation and liquidity reserves, solid financial performance and high operating efficiency, according…
EFF to mobilise around $38.6 billion financing over three years: IMF
The International Monetary Fund supported programme is expected to mobilize total financing of around $38.6 billion over the three years…