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…
Regulation, Risk & Compliance
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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…
Dubai’s Jebel Ali freezone waives Dhs35m in fines
Dubai’s Jebel Ali freezone (Jafza) will waive an estimated Dhs35m in fines owed by its customers, it announced on Sunday.…
Saudis deposit $250m in Sudan’s central bank
Saudi Arabia announced Sunday it deposited $250 million (Dh917.5 million) in Sudan’s central bank as part of a support package…
How Cryptocurrencies are Regulated in the Middle East
Over the years blockchain and cryptocurrency have gained significant influence over world economics and now this industry had reached on…
UAE makes plans for expat retirement benefits fund
The UAE’s Federal Authority for Government Human Resources has begun moves to develop a new fund-based system for expat workers…
Turkey raises forex sales tax in another support for lira
Turkey has raised a tax on some foreign exchange sales to 0.1 from zero, the country’s latest effort to discourage…
UAE central bank injects $2bn as bank deposits drop
The Central Bank of the United Arab Emirates in March injected AED7.3 billion ($1.98 billion) in cash to the financial…