UAE and Egypt central banks enter into currency swap agreement
The Central Bank of the United Arab Emirates and Central Bank of Egypt entered into a more than $1bn bilateral…
Regulation, Risk & Compliance
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Implementing Saudi Arabia's personal data protection law
The Kingdom of Saudi Arabia has recently taken a significant step towards bolstering data privacy with the introduction of the…
Kuwait Finance House sheds light on customers rights, regulations of dealing with banks
Kuwait Finance House “KFH” continues efforts to support “Diraya” financial and banking awareness campaign launched by the Central Bank of…
Banking Transparency Under the Spotlight: Kuwait Central Bank issues guidelines
According to reliable sources, banks have consulted the opinion of the Central Bank of Kuwait regarding the required control mechanism…
CBB issues the first Investment Business Category 4 license to BAGS Capital
The Central Bank of Bahrain has announced the issuance of the first Investment Business Category 4 (Collective Investment Undertaking Operator)…
Turkey's central bank increases interest rate to 30% as country tries to tackle inflation
Turkey’s central bank delivered another significant interest rate hike on Thursday, a reflection of the urgency among officials to counter…
Minister of Finance meets with Governor of Swiss National Bank
Minister of Finance H E Ali bin Ahmed Al Kuwari, met yesterday with Governor of the Swiss National Bank Thomas…
Saudi banks see marginal profitability gains amidst slight decline in net profit: Alvarez & Marsal
Time deposits are on an upward trajectory (+7.9 percent QoQ), as consumers choose to benefit from the higher yields Slowdown…
Saudi Arabia and Italy to sign 18 cooperation agreements across various sectors
In a bid to further deepen economic and trade ties, Saudi Arabia and Italy will sign 18 cooperation agreements across…
Goldman Lampe Private Bank Announces Comprehensive Changes to Client Onboarding Policy
Goldman Lampe Private Bank has poised to redefine its approach to client acquisition. Effective 15th September 2023, the bank will…
QCB issues treasury bills worth QR4bn
Qatar Central Bank issued treasury bills for August for maturity dates of a week, one month, three months, six months,…
Kuwaiti bank nets highest in history
Kuwaiti banks have consistently set new records for their net profit margins, achieving their highest historical level by the close…