Abu Dhabi's Mubadala sells 3% stake in RHB Bank
Abu Dhabi sovereign wealth fund Mubadala Investment Co has sold off an estimated 3% of its stake in RHB Bank…
Regulation, Risk & Compliance
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Trade Bank of Iraq puts Turkey bank acquisition plans on hold
Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the…
Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender,…
European banks’ exposure to Turkey
Turkey’s economic crisis poses a threat to European banks with business in the country. Spain’s BBVA, Italy’s UniCredit, France’s…
Court reserves judgement in Abraaj bounced cheque case
A Sharjah court on Tuesday reserved the judgement in the bounced cheque case against Arif Naqvi, founder of the beleaguered…
Turkey banks get respite on liquidity moves, policy calls
Turkish policy makers’ steps to support the financial system helped bolster investor confidence and gave the nation’s financial sector a…
Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions
Credit Suisse Group AG is breaking up its international wealth-management unit into seven regions from four in another push by…
Dubai bank’s Turkish bet just got $1 billion cheaper. And riskier
On the face of it, Emirates NBD PJSC’s acquisition of Turkey’s Denizbank AS has become about $1 billion cheaper. …
Cryptocurrency is Illegal in Saudi Arabia, Central Bank Says
The oil-rich Kingdom of Saudi Arabia has warned the public against making investments in cryptocurrency, according to a statement of…
Turkey sees long-term partner in China
Turkey’s President Recep Tayyip Erdoğan, his nation’s currency in free fall, on Friday criticized “unilateral actions against Turkey by the…
Temenos and AUC Venture Lab team up to accelerate fintech innovation in Egypt
The Venture lab at The American University in Cairo and Temenos have announced their intention to collaborate and strengthen the…
National Bank of Egypt upgrades UK treasury and risk management operations with Finastra
Finastra today announced that National Bank of Egypt (UK) Limited is deploying Fusion Treasury and Fusion Risk. The treasury…