KSA’s Social Development Bank signs $266m deals to back entrepreneurs
Saudi Arabia’s Social Development Bank signed 24 deals worth SR1 billion ($266 million) to support entrepreneurs across various sectors in…
Regulation, Risk & Compliance
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Saudi Arabia jumps 25 places in World Bank’s national statistics indicator
Saudi Arabia’s economic data is demonstrating increased availability and maturity, with the nation advancing 25 places on the World Bank’s…
DIFC Innovation Hub, Julius Baer and Euroclear join forces to address challenges posed by the future of digital asset inheritance
DIFC Innovation Hub, Julius Baer and Euroclear to address how wealth management can best transfer digital assets to the next…
QIB and Edaa sign an agreement to distribute dividends to shareholders of listed companies in Qatar
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has signed an agreement with Edaa to manage the distribution of dividends…
QIB launches new Sustainable Deposit
Qatar Islamic Bank, Qatar’s leading digital bank, has launched a new Sustainable Deposit, an innovative fixed-term option tailored for corporates…
UAE’s central bank cancels broker’s license over non-compliance
The Central Bank of the United Arab Emirates has revoked the operating license of First Insurance Brokers Company, marking the…
Gulf central banks may slash rates for first time in two years
GCC central banks are expected to cut interest rates for the first time in two years, according to a leading…
DIFC, Guernsey Finance collaborate to unlock dynamic economic growth
Collaboration supports investment inflows between the two jurisdictions and nurtures and protects investors Dubai International Financial Centre has announced it…
Kuwait banks set stringent rules for expat loan approval
In a noteworthy shift, local banks in Kuwait are streamlining their job preference list for lending to expatriates, focusing on…
Meta appoints Dentons to new EMEA Panel
Dentons has been appointed by Meta Platforms, Inc. to provide multidisciplinary legal services under a new EMEA Panel arrangement. …
Bank Nizwa signs agreement with Oman Housing Bank to provide Sharia-compliant Home Financing Solutions
Committed to delivering comprehensive financing solutions that align with the aspirations of its esteemed customers, Bank Nizwa, the leading and…
Amir issues order reshuffling Qatar cabinet
The Amir HH Sheikh Tamim bin Hamad Al-Thani issued Monday Amiri Order No. (1) of 2024, reshuffling the Cabinet. …