IFC Appointed as Strategic Advisor to Government of Egypt for its Asset Monetization Program
IFC is joining forces with the Government of Egypt to boost private sector participation in the economy – helping to…
Regulation, Risk & Compliance
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UAE Central Bank takes measures to limit impact of interest rate hikes on people
The Central Bank of the UAE discussed the impact of interest rate increases on the country's financial sector and approved…
SAMA chief: Strong liquidity and capitalization reflect strength of Saudi banking system
Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA), said Saudi Arabia’s economy witnessed robust growth during the year 2022…
UAE, Qatar central banks keep interest rates steady, tracking US Fed move
The central banks of Qatar and the UAE have kept their key interest rates unchanged after US Federal Reserve (Fed)…
Lloyd’s signs Dubai insurtech accelerator agreement
Insurance marketplace Lloyd’s and the Dubai Department of Economy and Tourism have signed an agreement to collaborate on an insurtech…
Saudi Arabia collaborates with Kazakhstan to improve energy partnership
Saudi Arabia and Kazakhstan have agreed on a deal to establish a framework for cooperation in the energy sector, further…
IMF and OBA discuss economic growth and macro-economic indicators
The Oman Banks Association in cooperation with the Central Bank of Oman organised a meeting between the International Monetary Fund …
Reforms will boost Saudi Arabia's fiscal strength, IMF says
Continued reforms and the calibration of investment programmes in Saudi Arabia will help the kingdom to strengthen its fiscal base…
ADX signs agreement with AIX to enhance cooperation and expand bilateral relations
Abu Dhabi Securities Exchange (ADX) announced today that it has signed an agreement with Astana International Exchange (AIX) for the…
First Republic's former co-CEO could be Turkey's next central bank chief
A recent leadership position at First Republic, which collapsed and was taken over by JPMorgan Chase on May 1, is…
UAE Central Bank cancels registration of two insurance companies
The UAE Central Bank has cancelled the registrations of two insurance companies, Seagull Insurance Services and Al Shorafa Insurance Services.…
Dubai Chamber of Commerce attracts more than 15,000 new memberships
Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced details of several notable achievements…