Bahrain cbank issues final rules on open banking
The Central Bank of Bahrain (CBB) today (December 6) issued the final rules on “open banking”, which will facilitate the…
Regulation, Risk & Compliance
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DFSA signs MoU with Bank Negara Malaysia
The Dubai Financial Services Authority has entered into a Memorandum of Understanding with Bank Negara Malaysia, the country’s central bank,…
Dubai’s ruler snubs Kuwait request to release frozen funds
Dubai’s ruler has resisted efforts by Kuwait to release nearly $500 million in frozen funds at the heart of a…
Dubai Financial Market Signs Memorandum Of Understanding With Awqaf And Minors Affairs Foundation
The Dubai Financial Market (DFM) signed a Memorandum of Understanding (MoU) with Awqaf and Minors Affairs Foundation (AMAF) in order…
Etihad Credit Insurance partners with Natixis to expand UAE businesses' global footprint
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with French bank…
QCB Governor calls for diversifying Waqf investments
Qatar Central Bank Governor H E Sheikh Abdullah bin Saoud Al Thani has stressed the need for conducting proper feasibility…
SFO charges failed — but Barclays did not get off lightly
With a High Court judge having denied the Serious Fraud Office’s application to charge Barclays over its controversial 2008 raising…
Saudi Arabia's ICD to introduce blockchain-based Islamic banking solutions
The Saudi-based Islamic Corporation for the Development of the Private Sector has penned an agreement with a Tunis-based fintech company…
Emirates NBD's Liv. signs long-term innovation services deal with Australian payments Fintech, Verrency
Global payments innovation service Verrency is enabling payments innovation for the fastest growing bank in the United Arab Emirates, Liv.…
Dismal: Newbie lenders struggle as loss streak continues
New entrants into the banking sector are struggling to get a footing in the Kenyan market as they continue with…
Abraaj fall from grace prompts investors to sharpen due diligence
Investing in emerging market private equity is about to become that bit tougher. Abraaj, once the largest private equity…
Saudi's AHAB turns to new bankruptcy law to settle with creditors
Conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) has become the first company to file for a settlement under Saudi Arabia’s…