15 Companies Consider Merger to Avoid Bankruptcy in Kuwait
Fifteen companies are reported to be considering a merger to avoid bankruptcy before the end of 2018 amid pressures mounted…
Regulation, Risk & Compliance
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New Global FinTech Deal Highlights Collaborative Trend
The latest global FinTech collaboration ties together Singapore and Dubai in a deal designed to encourage innovation in digital payments,…
ENBD REIT announces changes to Fatwa and Shari’ah supervisory board
Dr. Mohamed Ali Elgari will be Shari'a Supervisory Board Chairman, with Dr. Mohd Daud Bakar as Executive Member, and Dr.…
IMF offers Riyadh praise and words of caution
The most recent International Monetary Fund (IMF) report on Saudi Arabia is bullish on Riyadh’s economic reforms. The IMF’s…
Want a second passport? This country is popular with UAE residents
Most of the demand for a citizenship-by-investment programme among rich UAE expats is coming for Caribbean countries as they offer…
Finastra joins Bahrain FinTech Bay
Finastra has announced that it has joined Bahrain FinTech Bay. With one of the most diverse and dynamic networks across…
UAE company backs new Soviet-influenced luxury vehicle
A new state-owned Russian carmaker, Aurus, has launched a Soviet-influenced luxury vehicle, with backing from a UAE investor, according to…
'Kuwait Banking Association' instructs local banks to stop collecting SMS fees
According to verbal instructions from the Central Bank of Kuwait, Kuwait Banking Association has informed all local banks and branches…
Over 600 UAE bank employees laid off in 2017
More than 600 employees were made redundant by UAE banks last year as they reduced the number of branches, reveals…
IFC commits $2 billion to support Middle East private sector
IFC, a member of the World Bank Group, stepped up its investments in the Middle East and North Africa (Mena),…
Standard Chartered May Face Another Fine for Iran Sanctions Breaches
Standard Chartered Plc has already paid a painful penalty for secretly moving billions of dollars through the U.S. on behalf…
Monetary Authority of Singapore and Dubai Financial Services Authority strengthen ties in FinTech
The Monetary Authority of Singapore and the Dubai Financial Services Authority have signed a FinTech Agreement that allows referrals of…