Qatar to introduce banking service platform for Fintech
Qatar Central Bank (QCB) is ready to introduce a banking service platform to drive the rapid development of financial technology…
Regulation, Risk & Compliance
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Qatar Sets 2019 for Free Zones Launch
One of the two free zones in Qatar will be operational from the first quarter of 2019, Minister of State…
NY fines UAE's largest bank over lax money-laundering safeguards
Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has fined United Arab Emirates-based Mashreqbank…
Masdar Signs Region's First Green Revolving Credit Facility to Drive Sustainability Goals
Masdar, Abu Dhabi Future Energy Company, has signed a green revolving credit facility (RCF) with four local and international banks…
Sovereign funds hiring their own rainmakers
WHEN Lucid Motors, an electric carmaker, announced that it had raised US$1 billion in financing last month, the transaction appeared…
Influx of Chinese banks good for Gulf region: Dubai-based bankers
The growing number of Chinese banks operating in the Gulf countries has helped spur investments and boost local financial market…
Bahrain to benefit from GCC inclusion in JP Morgan index
GCC’s inclusion in JP Morgan EMBI Index is expected to bring in $30-60 billion in inflows to the GCC sovereign…
Middle East's First Central Bank-Backed Crypto Exchange to Launch in 2019
Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to…
Dubai Land Department signs MOU with Knight Frank Middle East
Dubai, United Arab Emirates: Knight Frank, the leading independent global property consultancy, has signed a memorandum of understanding (MoU) with…
Dubai to launch blockchain payments. Central Bank Digital Currency?
Soon Dubai citizens and residents will be able to make digital currency payments for school fees, utility bills and retail…
Standard Chartered said to prepare for $1.5bn fine over Iran
Standard Chartered is bracing for a potential penalty of around $1.5 billion from US authorities for allowing customers to violate…
Fintech, a global boost for Islamic Finance?
Fintech can enable Islamic finance to attract more customers, increase efficiency, reduce costs and offer a wider range of products,…