Middle East Demand for World Bank Financing Rises to $6.3BN in 2018
The World Bank responded to strong demand from countries in the Middle East and North Africa (MENA) region for development…
Regulation, Risk & Compliance
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Saudi Aramco, Malaysia's Petronas tap banks for jumbo financing – sources
Saudi Aramco and Malaysia's Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for…
Saudi Arabia’s Spat With Canada Risks Backlash From Investors
Saudi Arabia’s diplomatic rupture with Canada risks complicating the kingdom’s efforts to woo foreign investors as it seeks to overhaul…
Turkish lira drops further as central bank injects liquidity into financial sector
Turkey’s central bank on Monday said it would make an adjustment to its reserve policies aimed at bolstering the country’s…
Asset quality on mend but some issues seen lingering
Loan loss provisions in the UAE’s banking industry are on decline, supporting the overall asset quality metrics. However, continuing…
Emirates NBD KSA, Kafalah Program renew partnership
Emirates NBD Saudi Arabia renewed its partnership with the Kingdom’s Kafalah Program (SME Financing Guarantee Program) at a signing ceremony…
Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend
The Central Bank of Bahrain is reported to have approved one of the top ten cryptocurrency projects, Stellar.org as Sharia…
Moci To Review Laws On Establishing Realty Cos
Legal Affairs Department in the Ministry of Commerce and Industry is reviewing laws that oblige Gulf investors who are geared…
SAMA inks agreement with Monami Tech's Award Winning Digital Lending Platform Lendme
Al Hail ORIX Finance PSC, Parent company of SAMA, has announced the signature of a formal agreement and the formation…
GFH Capital creates strategic partnership for the Entertainer
GFH Capital, recognized Investment Management Company (“GFH”), a wholly owned subsidiary of GFH Financial Group B.S.C., today announced its partnership…
Why are Israeli banks asking customers where their money comes from?
Israelis attempting to transfer large sums of money into their bank accounts from overseas have encountered difficulties of late. …
KAMCO issues KWD 40 million bond
Kuwait-based, KAMCO Investment Company, has issued KWD 40 million, five-year tenure bond. Khaled Fouad, Chief Investment Officer of KAMCO,…