UAE national banks provide $201bn in financing by April
The Central Bank of the UAE said national banks increased their credit financing to business and industrial sectors by 5.8…
Regulation, Risk & Compliance
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ING Türkiye renews $362mln syndicated loan with 112% roll-over
ING Türkiye has renewed its syndicated loan with a 112% roll-over ratio, successfully signing 332 million euro ($362 million) equivalent…
Cut loan dues to 5%: Kuwait
MP Fayez Al- Jomhour has proposed adding a clause to Article 28 of Housing Affairs Law number 47/1993, stating that…
Dr Sultan Al Jaber calls for solidarity before COP28 conference
Dr Al Jaber, the UAE’s Minister of Industry and Advanced Technology, spoke at the Paris Summit for a New Global…
Egypt's central bank keeps interest rates steady
The Central Bank of Egypt (CBE) kept its key overnight interest rates unchanged on Thursday, saying commodity prices appear to…
Turkey's Central Bank hikes interest rate to 15 percent to tackle inflation
Turkey's Central Bank has increased interest rates from 8.5 percent to 15 percent to counter sky-high inflation. Following the…
UAE central bank retains emirate’s growth forecast of 4.3% for 2024
A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3…
Dubai upskills over 170 government employees in generative AI
More than 170 government employees in Dubai have been trained to use generative artificial intelligence (AI) tools in their work,…
Dubai International Financial Centre Reveals Plans for Second Edition of Dubai FinTech Summit
Dubai International Financial Centre , the leading global financial centre in the Middle East, Africa, and South Asia region, has…
ADIB signs MoU with Abu Dhabi Investment Office to support domestic enterprises and investors
Abu Dhabi Islamic Bank has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Investment Office (ADIO) to provide…
Egypt selects World Bank's IFC as consultant for its IPO programme
Egypt and the World Bank's International Finance Corporation signed a five-year partnership on Sunday, with the Washington-based agency chosen as…
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…