Mada Capital signs for Profile Software Axia
Profile Software has announced that ‘MADA Capital’ and `Mada Financial Services’ subsidiaries of Primavis Capital, a Dubai-based investment firm, selected…
Regulation, Risk & Compliance
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New Noor Bank white paper explores UAE's prepaid cards, digital payments ecosystem
The fragmentation of the UAE payments landscape can be reduced through greater coordination between banks, regulatory authorities and industry sectors,…
First Abu Dhabi Bank partners with MoneyGram to launch services on payit mobile app
First Abu Dhabi Bank has partnered with MoneyGram to launch the latter’s services through the bank’s payit mobile wallet in…
Oman establishes credit rating agency
A new Royal Decree will see Oman establish an independent authority, Oman Credit bureau, which will be responsible for rating…
Turkey presses banks to agree high-stakes bailout of bad energy loans
Turkey's plan to clean up some $13 billion in bad energy loans, one of the worst hangovers from last year's…
High Growth in Takaful Market 2019-2025
The global takaful market reached US$ 20 Billion in 2019. The market is further projected to exceed US$ 45 Billion…
Australia's Macquarie downsizes in the Gulf: sources
Macquarie Group is scaling back in the Middle East by downsizing its operations in the United Arab Emirates (UAE), three…
Bahrain receives first instalment of Gulf aid, expects deficits to fall
Bahrain said it received $2.3 billion last year and is expecting another $2.28 billion in 2019 under an agreement with…
CBK rejects Warba Bank merger with KMEFIC
Kuwait’s Warba Bank said that the Central Bank of Kuwait has rejected its proposed acquisition of a controlling stake in…
Saudi Shura Council approves 'green-card' residency scheme for expats
Saudi Arabia's Shura Council, a quasi-parliament, has approved a plan for introducing a Green Card-style residence system for foreigners aimed…
Jersey partners with Bahrain on digital innovation
Jersey and Bahrain are set to work more closely together on digital innovation, encouraging more women into the tech sector,…
How the International Monetary Fund is waking up to the financial risks of the climate crisis
On March 18, 2019, the Executive Board of the International Monetary Fund discussed a paper providing country-level guidance on the…