Saudi Arabia to invest $45bn more in SoftBank funds
The Saudi Arabian government is prepared to pour an additional $45 billion into funds operated by Japan's Masayoshi Son, who…
Regulation, Risk & Compliance
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Bahrain central bank nods to GFH property portfolio sale
GFH Group on Sunday announced receiving “conditional approval” from the Central Bank of Bahrain (CBB) regarding the offer received in…
Omani banks ink agreement for planned merger talks
Oman Arab Bank (OAB) inked a memorandum of understanding with Alizz Islamic Bank on the resumption of talks regarding a…
First firm to soon graduate from Kingdom’s regulatory sandbox
Bahrain’s regulatory sandbox will very soon see its first graduate, according to head of the Central Bank of Bahrain. The…
Bond Bear Market by Gary Dugan and Bill O’Neill
US government bonds face further losses and higher yields With Fed policy only at neutral, equities can make further progress…
Sabb and Alawwal approve merger to create third-largest Saudi bank
The boards of Saudi British Bank (Sabb) and Alawwal bank approved a merger agreement between the two lenders that will…
Saudi Arabia, Kuwait, UAE deposit over $1 bln in Jordan Central Bank
Saudi Arabia, Kuwait and the United Arab Emirates have placed over $1 billion (approximately Dhs 3.67 bln) in deposits at…
Saudi Arabia sends team of energy experts to South Africa
A technical team is set to visit the country to assess the country’s energy sector, following the conclusion of the…
Trade Bank of Iraq signs $115mln loan agreement with Commerzbank
Trade Bank of Iraq (TBI), a government owned lender, has signed a loan agreement with Commerzbank to support small and…
UAE's new visa system: All you need to know
Private companies in the UAE will soon be able to opt for a Dh60 insurance scheme to recruit workers instead…
Mashreq inks Mastercard deal for QR payments
Dubai-based Mashreq Bank added QR code payments to its consumer banking app following a deal with Mastercard, a move the…
Dubai enacts changes to anti-money laundering rules following review
The Dubai government has enacted changes to the Dubai International Financial Centre's anti-money laundering laws following a self-assessment of the…