Mint to Integrate Blockchain into its Existing Financial Technology
Mint Corporation a global financial centre in the United Arab Emirates. The addition of blockchain is a valuable extension…
Regulation, Risk & Compliance
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Qatar central bank says investigating effort to manipulate riyal
Qatar’s central bank said on Tuesday that it had launched a legal investigation into attempts by countries opposed to it…
Bahrain Middle East Bank Chooses Wolters Kluwer’s OneSumX for Finance
Bahrain Middle East Bank has chosen Wolters Kluwer’s OneSumX for Finance solution to provide the basis for its core banking…
Takaful Emarat agrees to buy Al Hilal Takaful to form the UAE's largest Islamic insurer
Sharia-compliant health and life insurer Takaful Emarat has acquired Abu Dhabi-headquartered Al Hilal Bank's Islamic insurance entity to create the…
National Bank of Kuwait eyes Saudi expansion
National Bank of Kuwait is to hire hundreds of new staff and open branches in Saudi Arabia and Egypt. …
No VAT on expat remittances in Saudi Arabia, say bankers
Senior bankers clarified on Sunday that money sent home by expatriate workers will not be taxed under the value-added tax…
Emirates Development Bank adopts SME Finance Strategy
During the meeting, the minutes and resolutions of the sixth board meeting for the year 2016, held on 15 November…
Dubai Financial Market launches short selling
Dubai Financial Market has launched a regulated short selling service after it was given approval by the Securities and Commodities…
Barclays in Talks With SFO on Qatar-Probe Deal
Barclays Plc is in talks with the U.K. Serious Fraud Office over a possible deal to avoid new charges against…
Egypt seeks proposals for dollar bond issues — banking sources
Egypt has asked banks for proposals to arrange US dollar-denominated Eurobonds, banking sources said. The request was made last…
Palestinian billionaire Masri released from Saudi detention
Sabih al Masri, a Palestinian billionaire and Jordan’s most influential businessman, was released after several days of detention in Saudi…
UAE banks refuse to accept coins for deposit or exchange
Commercial banks in the UAE refuse to exchange coins with banks notes or vice-versa and also don't accept coins from…