Abu Dhabi Islamic Bank gets approval to allow 25% foreign ownership
Abu Dhabi Islamic Bank, the UAE’s second-biggest bank complying with Muslim banking rules, said it obtained the Abu Dhabi Executive…
Regulation, Risk & Compliance
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Bahrain eyes open banking; CBB issues draft rules
The Central Bank of Bahrain today issued for consultation the draft rules on “open banking”, which is a relatively new…
Running behind: Arab regulators need to move faster and in step to catch up with banking innovation – Dubai-based fintech CEO
Regulators in the Arab region need to cooperate more and move faster to catch up with the pace of innovation…
WeInvest sets eyes on UAE, opens office in DIFC
WeInvest has announced the opening of its office in the Dubai International Financial Centre. Their entry into the UAE…
Sharjah wins top honour for RMB 2 billion Panda Bond
The Government of Sharjah won the “Sovereign Debt Finance Deal of the Year” award at the Bonds, Loans & Sukuk…
UAE foreign direct investment changes 'will increase diversification' of economy
ANALYSIS: The UAE's much-anticipated Foreign Direct Investment Law has recently come into force, laying the framework for up to 100%…
Bank of Israel Chief to Successor: Make Sure Israel Is Prepared for the Next Crisis
Karnit Flug had big shoes to fill when she succeeded Stanley Fischer as Bank of Israel governor, over four years…
Dubai’s first regulated cryptocurrency exchange launches
Crypto Bulls, Gold Gulf Coin, and the Al Zarooni Foundation have collaborated to launch the first registered cryptocurrency exchange in…
UAE cenbank governor expects 2.8 pct GDP growth this year
The United Arab Emirates central bank expects gross domestic product to grow by 2.8 percent in 2018, its governor said…
Pay your Dubai fines throughout the year in instalments
The memorandum of understanding (MoU) was signed by Brigadier-General Saif bin Abed, director-general of finance at the Dubai Police, and…
Hesitant policies are seen holding back Islamic finance growth in Egypt
The decision of Egypt’s newly appointed Finance Minister Mohamed Maait to issue the first-ever international sukuk in the country’s next…
Bank of Beirut acquires Luxembourg-based Fortuna Bank
Lebanese financial group Bank of Beirut has announced the acquisition of Luxembourg-based Fortuna Bank, after an agreement was reached with…