Regulator issues new banking licenses
The Banking Regulation and Supervision Agency (BDDK) has granted licenses to Enpara and Colendi Bank to establish banks. Enpara,…
Regulation, Risk & Compliance
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UAE: Ministry of Finance announces strategic plan for 2023-2026
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has…
Central Bank of Egypt to decide EGP rate Thursday amid expectations of ‘no change’ for third consecutive time
The Monetary Policy Committee of the Central Bank of Egypt will hold its fifth periodic meeting in the current year…
Saudi's SAMA awarded ISO Certificate for quality management system in legal services
The General Department of Legal Affairs at the Saudi Central Bank has been awarded the “ISO 9001:2015 certificate for quality…
Signing of a Memorandum of Understanding with Abu Dhabi Exports Office
Sumitomo Mitsui Banking Corporation has announced that it signed a Memorandum of Understanding with Abu Dhabi Exports Office (“ADEX”, Acting…
Dubai: Bank fined Dh11.1 million for inadequate anti-money laundering systems
The Dubai Financial Services Authority on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank…
Qatar sees 5% increase in interest rates since January 2022
Qatar has seen a cumulative 5% or 500 basis points (bps) hike in interest rates since January 2022, even as…
Saudi EXIM Bank, Japan’s Mizuho Bank sign MoU
In a bid to promote the diversification of Saudi Arabia’s non-oil exports, the Saudi Export-Import Bank has inked a memorandum…
Turkey’s New Central Bank Governor to Confront Misgivings in Public Debut
Turkey’s newly-installed central bank Governor Hafize Gaye Erkan will step into the spotlight for the first time on Thursday when…
UAE-based Sanctuary launches personalised corporate tax advisory service to companies
Sanctuary, a UAE-based boutique advisory firm, on Tuesday announced the launch of its corporate tax advisory service. By synergising…
DIFC Courts reports Dhs15bn in claims value in H1 2023
The Dubai International Financial Centre Courts announced its performance highlights for H1 2023. The value of cases across all…
The Central Bank of the UAE and Dubai Police sign MoU to enhance cooperation mechanisms for information exchange on financial crimes
The Central Bank of the UAE and the Dubai Police signed a memorandum of understanding (MoU) to promote cooperation coordination…