ITFC strengthens its partnership with NCB
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the National Commerce Bank…
Regulation, Risk & Compliance
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Islamic-Compliant Cryptocurrency Exchange Certified
Rain, had received a Shari’a compliance certification from Shariyah Review Bureau. SRB is licensed by the Central Bank of…
Saudi Arabia spearheads GCC investments in 2019
The macroeconomic picture had improved significantly across the GCC over the last 12 months. Increased oil production and the more…
Dubai Called Out for Being “Money-Laundering” Capital of the World
Dubai has been in the news for being home to what is now the world's tallest building the Burj Khalifa-and…
Debts of Qatar, Turkey paid in full: CBE
Deputy Governor of the Central Bank of Egypt Lobna Helal announced Sunday that deposits of Arab countries in the bank…
CBK working on ‘draft law’ to appoint independent Shari’a Supervisory Board
The Central Bank of Kuwait is currently working on a draft law which will allow it to appoint an independent…
Abu Dhabi’s FAB surges as it seeks more foreign investment
First Abu Dhabi Bank (FAB) PJSC jumped on optimism the lender will follow regional peers and raise the foreign-ownership limit…
Saudi Arabia’s $10bn privatization push gears up
Saudi Arabia’s privatization push is set to shift gear this year with plans to raise as much as $10 billion…
Kuwait – Privatization is another means to bridge deficit
In the last four years, Kuwait has been incurring deficit in its annual budget. The coming year, the government will…
ADX signs MoU with Securities Depository Center Company in Saudi Arabia
Abu Dhabi Securities Exchange recently signed a Memorandum of Understanding with the Securities Depository Centre Company, which is wholly-owned by…
Gulf Bank Shareholder Aims to Build $880 Million Stake in Lender
Gulf Bank’s second-biggest shareholder agreed to more than double its stake in the Kuwaiti lender as it seeks to build…
Central bankers’ hunger for gold could signal price turnaround
Slowing global growth, a weaker US dollar and a drive by central banks to expand the amount of gold they…