Mideast funds positive on Saudi Arabia after corruption crackdown
Middle East fund managers have become more positive toward Saudi Arabian equities after authorities launched a sweeping crackdown on corruption,…
Regulation, Risk & Compliance
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Qatar banks post more than 17% jump in deposit mobilisation to QR794.28bn
Faster expansion in domestic deposits largely mitigated the weakening overseas inflows, helping Doha's banking sector register a healthy more than…
Australia extends fintech focus with cooperation agreements and a fintech bridge
ASIC has signed a cooperation agreement with the Swiss Financial Markets Authority and with the Dubai Financial Services Authority and…
UK Lebanon Tech Hub Receives Long Term Backing from Banque du Liban and British Government Following “Exceptional” Early Stage Results
The UK Lebanon Tech Hub (UKLTH), a joint initiative by Banque du Liban (Lebanon’s Central Bank) and the British Embassy…
Libya's eastern central bank may order more cash from Russia: governor
The head of an eastern, parallel branch of Libya’s central bank said he may order more banknotes from Russia, in…
Turkey, Iran Sign Trade Deal With Qatar
Turkish and Iranian ministers have signed an agreement with Qatar aimed at increasing the flow of goods to the Gulf…
Blockade Had Only Minimal Impact On Qatar: QIA Chief
“The siege nations blocked us from using the air space, territorial water and land access. They stopped us from…
Saudi Prince Accused Of Graft Pays $1bn For Freedom
Saudi Arabia has freed influential Prince Miteb bin Abdullah, following a "settlement" with authorities reportedly exceeding $1bn, more than…
US Trial Threatens Funding For Turkey's Dollar-Dependent Banks
Turkey's deteriorating finances are hurting the country's banks whose reliance on dollar funding makes them vulnerable to the worst case…
Alibaba To Buy Israel-Based QR Startup Visualead
Chinese e-commerce company Alibaba Group Holding Ltd. Has agreed to buy Israel-based personalized QR code startup Visualead Ltd., according…
Private Sector To Play Bigger Role In Qatar Growth
The strategic document will discuss the role of private sector in further leveraging its role in the national economy, Emiri…
FAB Becomes the First UAE Bank to Sign up to UN Global Compact
First Abu Dhabi Bank, the UAE’s largest bank and one of the world’s largest and safest financial institutions, is the…