Most GCC central banks raise interest rates tracking US Fed move
Central banks in the GCC have increased key interest rates after the US Federal Reserve (Fed) delivered its 10th consecutive…
Regulation, Risk & Compliance
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UAE Banks Federation approves 2023 strategy for banking sector development
The UAE Banks Federation recently held its annual general meeting, chaired by Abdulaziz Al Ghurair, the Chairman of the Federation.…
Bank Nizwa signs a MoU with the Specialised Institute for Professional Training of Teachers
Bank Nizwa - the leading and most trusted Islamic bank in the Sultanate of Oman - recently inked a Memorandum…
CBB government development bond issue No.32 fully subscribed
The Central Bank of Bahrain has announced that the issue of the 2-year Government Development Bond has been fully subscribed…
World Bank financed Jordan gov’t projects with $142.5m year-to-date
Since the beginning of the current year, the World Bank has provided Jordan with $142.5 million for four government projects…
Lebanese, EU legal teams to cooperate in Central Bank probe
Lebanese authorities and a European judicial team on Tuesday agreed to exchange information about their separate corruption probes of Lebanon's…
UAE: Four-day work week improves time management, social skills in education sector, study says
A study conducted by Sharjah Private Education Authority (SPEA) shows that the three-day weekend improves time management, productivity and achieves…
Turkish Central Bank set to meet for interest rate
Members of the Central Bank’s Monetary Policy Committee (MPC) will meet this week to decide on the key interest rates,…
Mastercard and DIFC to drive digital transformation by partnering with FinTech companies
Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has…
Oman: CBO issues treasury bills worth $109.1mln
The Central Bank of Oman raised OMR42 million by way of allotting treasury bills on Tuesday. The value of…
Dubai Court orders KPMG to pay investors $231m over Abraaj fund audit
A Dubai court has ordered KPMG Lower Gulf to pay more than $231 million to a group of investors who…
MENA economies to expand at a slower pace in 2023 – IMF
Growth in the Middle East and North Africa (MENA) economies is projected to slow to 3.1% this year, from 5.3%…