UAE's FAB gets investment banking license in Saudi Arabia
First Abu Dhabi Bank, the UAE’s largest bank, received a license from Saudi Arabia’s Capital Market Authority to offer investment…
Regulation, Risk & Compliance
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Egypt net foreign reserves rise to $38.2bln at end-Jan
Egypt's foreign reserves registered in January the biggest month-on-month jump since July last year as the country pushed forward with…
Nasdaq and Palestine Exchange sign new market technology agreement
Nasdaq Inc. and Palestine Exchange have signed a new market technology agreement for Nasdaq to deliver new matching engine technology…
ADSI granted financial services permission by ADGM
ADSI then applied for and was granted a Financial Services Permission by the Financial Services Regulatory Authority of the Abu…
UAE's First Abu Dhabi gets securities licence in Saudi Arabia
First Abu Dhabi Bank, the largest bank in the UAE by assets, has been given the go-ahead by Saudi Arabia’s…
75 UAE bank branches shut in digital drive
The number of bank branches in the UAE decreased during 2017 after the merger of NBAD and FGB as well…
Corporate governance basic issues highlighted
Central Bank of Bahrain Governor Rasheed Al Maraj has highlighted the basic issues of corporate governance related to ethics, trust,…
Dubai's Abraaj denies it misused Bill Gates money
The Abraaj Group has rejected claims by investors, including the Bill and Melinda Gates Foundation, that it has misused $200…
The battle of Gulf banks for Turkish market
The Dubai’s largest bank is negotiating for the potential acquisition of the Turkish subsidiary of Sberbank PJSC, joining other financial…
BD30 million portfolio to spur SMEs growth
Tamkeen, the Labour Fund, and Khaleeji Commercial Bank today signed a partnership agreement to manage a financing portfolio worth BD…
Dubai's Emirates NBD issues A$450 mln Kangaroo bond
Emirates NBD, Dubai’s largest bank, has priced a A$450 million ($362.03 million) 10-year bond, part of a A$1.5 billion so-called…
Bankers win ‘$10m bribery’ case
A bank’s business developer, officer and salesman who pocketed an alleged $10 million bribe to offer bank facilities to ineligible…