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…
Regulation, Risk & Compliance
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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…
Why do UAE and Saudi Arabia want to use blockchain?
Last week, the UAE’s central bank announced it was working on a joint cryptocurrency, based on blockchain, with its counterpart…
Central Bank of Bahrain endorses launch of Bahrain FinTech Bay
The Central Bank of Bahrain has announced a partnership yesterday officially endorsing the launch of Bahrain FinTech Bay and its…
KPMG revenues grow strongly to record $26.4 billion
Growth driven by client-focused investments in technology, innovative services, alliances and hiring Record high revenues for Fiscal Year (FY)…
Saudi hopes purge will help push to join anti-illicit funding body
Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of…
Bahrain central bank raises key rate by 25 bps
Bahrain’s central bank said on Wednesday it was raising its key interest rate by 25 basis points after the US…
UAE consumers to pay more as interest rates go up
Any change upwards in interest by US will also swing interest rates upwards in UAE The Central Bank of…
Banks directed not to misuse Citizen’s Account deposits
The Saudi Arabian Monetary Authority has directed all local banks not use any amounts of money that are deposited in…
Saudi, UAE Central Banks Team Up to Test Cryptocurrency
The central banks of the United Arab Emirates and Saudi Arabia are reportedly launching a pilot initiative that will see…