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…
Regulation, Risk & Compliance
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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…
Central bank to boost risk management, governance
The new federal law (Law No 14) of 2018 on the Central Bank & Organisation of Financial Institutions and Activities…
Ripple’s Dubai Office to be Ready Before 2018 Ends: Confirms Almost 200 Partners
While 2017 was the year Ripple became a household name, 2018 has been a year that Ripple is working on…
Dubai's biggest bank warns over phishing email scam
Dubai's biggest bank has warned customers to beware of a new phishing email scam which claims to offer VAT refunds.…
These UAE sectors will not get 100% foreign ownership under new law
The long-awaited 100 per cent foreign ownership law has come in to effect in the UAE following its publication in…
Kuwait central bank studying potential KFH-AUB merger- Al Arabiya TV
Kuwait’s central bank is studying the “added value” that could arise from a potential merger between Kuwait Finance House and…
Rogue financial adviser liable for client’s losses in Dubai
Financial adviser Neil Grant has been found liable after a client lost hundreds of thousands of dirhams in an investment…
Kuwait’s Central Bank calls for updating macroeconomic models at GCC level
Deputy Governor of the Central Bank of Kuwait Youssef Al-Obaid yesterday called for holding discussions among the GCC central banks…
MENA CFO Awards recognise the Best in Finance across the public and private sectors
Over 200 top finance professionals gathered at the MENA CFO Awards organised as part of the CFO Strategies Forum MENA…
New law enhances discretionary powers of UAE Central Bank
The new Central Bank Law (Federal Law No. 14 of 2018), entrusts the Central Bank of UAE with the responsibility…
Deutsche's DWS to buy stake in Dubai-based digital investment firm
DWS Group Deutsche Bank’s asset manager, has entered into a binding agreement to acquire an equity stake of 15 percent…