Dubai signs deal to create digital currency emCash
A partnership has been set up to develop and implement emCash, an encrypted digital currency, which people can use to…
Regulation, Risk & Compliance
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Emirates NBD calls on central bank to ease restrictions on mortgage lending
Emirates NBD, Dubai’s largest bank by assets, wants the UAE Central Bank to ease restrictions on mortgage loans by separating…
Central Bank says money supply drops 1.5% in July
The Central Bank of Kuwait said yesterday that the money supply (M2) in July was KD 35.9 billion (about $117…
Saudi central bank suspends three currency exchange houses
Saudi Arabia's central bank said on Monday it had suspended three currency exchange houses - Halawani Bros, Al Amoudi and…
Saudi Arabia hires banks for third international bond
Saudi Arabia has hired banks to arrange a global investor call ahead of a potential international bond issuance, as the…
CBQ to raise funds from Asian market
Qatar’s third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief…
Modi’s ambitious infrastructure fund NIIF to get up to $5 to 10 bn first investment; know details here
Ending a hiatus since it was launched more than two years ago, the much-touted National Investment and Infrastructure Fund (NIIF)…
UAE central bank withdrawal of excess cash from banking system signals recovery, analysts say
The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies…
Mashreq Bank Accelerates Branch Automation Journey With Diebold Nixdorf Technology and Software
Mashreq Bank, one of the first banks in the Middle East and a leading financial institution in the UAE, has…
Shari Arison to sell half of her stake in Bank Hapoalim to US investors
Heiress, businesswoman and philanthropist Shari Arison has signed a memorandum of understanding with North American investment firms and institutional investors…
Startup forms partnerships with key Saudi institutions to boost MENA start-up funding
Dawood Al Shezawi Chief Executive Officer of AIM Startup, has signed a Memorandum of Understanding with Osama Ashri, Head of…