Sharjah Ruler orders Dh600m increase in salaries of govt staff
His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Thursday…
Regulation, Risk & Compliance
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EIB, Arab Bank sings EUR 300 million deal to support SMEs
The European Investment Bank and Arab Bank has signed a financing agreement of EUR 300 million to support small- and…
Qatar Central Bank launches legal probe into manipulation
Qatar Central Bank has launched a legal investigation into what it calls “attempts to harm the Qatari economy” by manipulating…
Saudi Arabia to Freeze More Bank Accounts in Crackdown
Saudi Arabia’s crackdown on alleged corruption showed no signs of letting up, with more people being questioned and banks freezing…
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…
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…