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…
Regulation, Risk & Compliance
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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…
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Fenergo publishes 10-year analysis of global regulatory fines for AML, KYC and sanctions-related fines on financial institutions, charting the regulatory…
CBK issues KD 150m bonds, tawarruq
The Central Bank of Kuwait (CBK) announced Monday the most recent issues of CBK bonds and related tawarruq at a…
Emirates NBD introduces Friday banking
Emirates NBD has announced the introduction of Friday banking at three of its popular mall branches — Dubai Mall, Mall…
Citigroup plans to grow offshore booking centre in UAE
Citigroup plans to boost the United Arab Emirates' role as an offshore booking centre and is working towards a full…
UAE a marketplace for digital transformation
HI-TRAC: The author's shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make the…