China's plans to invest $20 billion in Egypt collapse
Talks between Egypt and China on the development of a new capital city area worth $20 million have halted following…
Regulation, Risk & Compliance
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Project for digitising customer data verification to be implemented soon
The first phase of the national eKYC project, a groundbreaking initiative to digitise customer data verification, will be implemented next…
UAE’s Central Bank reshuffles board of directors
The UAE Central Bank’s board of directors has been reshuffled under a decree by President Sheikh Khalifa bin Zayed, according…
Standardisation critical for Islamic finance’s success
Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across…
Kuwait to allow foreign ownership in bank shares without caps-KUNA
Kuwait's ministry of commerce and industry will allow foreign ownership and trading in shares of Kuwaiti banks without caps, state…
Central Bank Of Bahrain Releases Cryptocurrency Regulations Draft
The Central Bank of Bahrain publishes draft cryptocurrency regulations and starts off a consultative process on cryptocurrency platforms in the…
Bahrain issues draft rules to regulate cryptocurrencies
Bahrain's central bank has issued draft rules on the trade in cryptocurrencies for consultation, setting up a framework to regulate…
QCB strives to strengthen Qatar's financial sector
The Qatar Central Bank is striving to protect and promote the financial sector in Qatar, making it not only capable…
Saudi Arabia and United Arab Emirates Will Release a Joint Cryptocurrency
As reported by the local news media, the Saudi Arabian Monetary Authority is cooperating with the Central Bank of UAE…
UAE, China explore means to boost RMB clearing
The UAE and China's banks explored ways to enhance the Renminbi clearing within the GCC state. The talks were…
Bahrain central bank publishes draft rules on digital assets
Bahrain’s central bank has issued draft rules to regulate operators of crypto-assets, it said on Thursday, the latest sign of…
Turkish bank keeps rates unchanged on inflation fall
Turkey’s central bank left its benchmark interest rate unchanged as expected yesterday after inflation eased from a 15-year peak, but…