Kuwait Central Bank issues circular against dealing with Iran
Kuwaiti Banks have been cautioned against illegal transactions and deceptive dealings with Iran. The Central Bank of Kuwait sent…
Regulation, Risk & Compliance
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Bahrain and Singapore strengthen cooperation in FinTech
The Central Bank of Bahrain and the Monetary Authority of Singapore today signed a Memorandum of Understanding (MOU) to foster…
SoftBank seeks Deutsche's advice on Saudi power investments-sources
SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the…
Kuwait asks Dubai to hand back $500 million, frozen following money laundering investigation
Kuwait has demanded Dubai release around $500 million, which was frozen by the UAE following suspicions of money laundering. …
Iran Finalized the Development of Rial Backed National Cryptocurrency
According to a local media report, Iran has finalized the development of its national cryptocurrency. The cryptocurrency will be backed…
Cartier honors its historical ties to Middle East
Cartier hosted an exclusive evening on Thursday specially tailored for its clients who flew in from around the region to…
ADGM signs mou with Central Bank of Bahrain to promote innovation in financial sector
Abu Dhabi Global Market and Central Bank of Bahrain (CBB) signed a Memorandum of Understanding (MoU) to promote and facilitate…
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…
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…