'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…
Regulation, Risk & Compliance
8953 articles found
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…
Credit Suisse to Buy Back $6 Billion in Qatar, Saudi Debt
Credit Suisse Group AG plans to buy back about 5.9 billion francs ($6 billion) of debt issued after the financial…
Ample liquidity in UAE banking as deposits rise
Deposits with the UAE banks increased while credit growth remained flat in July, indicating ample liquidity in the local banking…
A summer of mixed messages for the UAE property industry
It's been a summer of mixed messages for UAE real estate market observers. News dropped at the start of…
Barwa Bank, International Bank of Qatar agree to merge
Barwa Bank and International Bank of Qatar (ibq) have reached a final merger agreement, creating a Shariah-compliant financial institution with…
FAB Celebrates Emirati Women’s Day 2018
First Abu Dhabi Bank, the UAE's largest bank and one of the world's largest and safest financial institutions, celebrated Emirati…
The arrival of blockchain and crypto explained: The legal case for UAE
The introduction of blockchain and cryptocurrencies have been momentous and become a threat to the regulated financial system in every…
Central Bank rejects Egyptian Tax Authority proposal for disclosure of accounts
The governor of the Central Bank of Egypt said on Sunday that the bank would not, under any circumstances, accept…