Lebanon may struggle to refinance foreign currency debts
Lebanon's impasse in agreeing a credible fiscal reform plan and deteriorating global market conditions means it may struggle to refinance…
Regulation, Risk & Compliance
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How Will Brexit Affect the Middle East and North Africa?
With its global repercussions, it is inevitable that Brexit will affect the Middle East and North Africa. Nearly three…
Afghanistan closes Iran-backed bank, citing regulatory violations
Afghanistan has closed an Iran-backed bank in the country, saying it had repeatedly flouted financial regulations. Arian Bank had…
How Latin American trade with UAE will be enabled by Panama
“Dubai? Rich people, a tall building and fancy cars,” a young Panamanian street food vendor tells Arabian Business as he…
Palestinian businessmen reject invite to US ‘peace’ workshop in Bahrain
Palestinian businessmen, economic and trade institutions and unions have received invitations to participate in the economic workshop organised by the…
UAE gov't proposes end-of-service employee fund for expats
The UAE is planning to introduce a savings retirement fund for non-Emirati employees that will run in addition to the…
ADNIC partners with FAB to offer customers new payment options
Abu Dhabi National Insurance Company has partnered with First Abu Dhabi Bank to provide customers with a new easy payment…
KIB mulls $300 million Sukuk issuance
Kuwait’s Capital Markets Authority has approved Kuwait International Bank’s request to issue up to $300 million perpetual additional tier 1…
Kuwait- 'Vital to raise levels of cash in ATM machines'
The Central Bank of Kuwait has asked local banks to provide additional levels of liquidity within official channels, particularly the…
UAE consumers increasingly trust digital payments over cash, according to latest Visa-DED security survey
The Department of Economic Development in Dubai, and the world’s leader in digital payments, Visa has launched ‘Stay Secure,’ a…
Qatari banks face growing risks from real estate downturn, says Fitch
Qatari banks face growing pressure from high exposure to the country’s sluggish real estate market, hit by oversupply tied to…
Invest Bank shareholders approve continuation of lender despite losses
The shareholders of Sharjah’s Invest Bank approved the continuation of the commercial lender despite its losses amounting to half of…