UAE Central Bank raises rates in line with US Federal Reserve
The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points on Thursday,…
Regulation, Risk & Compliance
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Iranian Lenders Hobbled by Big Bank Qualms
Iran's banking network has historically had a robust presence in Europe, offering services to Iranian merchants and facilitating trade transactions…
Bank Muscat, ONEIC join hands to promote electronic payment
Waleed Al Hashar, Deputy Chief Executive Officer of Bank Muscat, and Dr. Rashid Mohammad Al Ghailani, Chief Executive Officer of…
Qatar central bank raises policy rates, cuts reserve requirement
Qatar's central bank said on Thursday that it raised its overnight lending rate by 25 basis points to 5.0 percent…
Four Gulf central banks hike rates after Fed, others may follow
Four Gulf central banks raised interest rates within hours of the U.S. Federal Reserve's rate hike on Wednesday, pressured by…
Dentons advises Warba Bank on Tier 1 Sukuk issuance
Dentons has advised Kuwait's Warba Bank on its issuance of US$250 million Perpetual Tier 1 Capital Certificates, which completed on…
DFSA Hosts Annual Audit Outreach
The Dubai Financial Services Authority hosted its annual outreach event for Registered Auditors last week, during which it shared the…
Bankruptcy law helps spur SME bank lending
A lower oil price and tighter liquidity will continue to impact general business confidence in the UAE, but the new…
Bank Audi Egypt signs MOU with European Investment Bank for $30m loan
Mohamed Abbas Fayed, CEO and managing director of Bank Audi Egypt, said that the bank signed a memorandum of understanding…
Bank ABC opens a branch in DIFC, Dubai
Bank ABC’s decision to open a branch in the DIFC comes as part of its plan to expand its international…
Singapore fintech start-ups to gain access to Middle East
Singapore and Abu Dhabi have signed an agreement to foster closer cooperation on developments and initiatives to nurture fintech entrepreneurship…
UAE’s banks need to focus on getting the balance right: KPMG
The UAE banking sector is facing challenging market conditions in terms of shrinking margins, rising costs, capital adequacy and liquidity…