Egypt's central bank likely to hike interest rates by 3% – HSBC
The Central Bank of Egypt will likely raise interest rates by 3% at the Monetary Policy Committee (MPC) meeting on…
Regulation, Risk & Compliance
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UAE central bank signs deal for CBDC strategy
The Central Bank of the United Arab Emirates (CBUAE) is inching closer to fully launching its central bank digital currency…
GCC central banks track US Fed move; hike key rates by 25bps
Central banks in the GCC raised interest rates on Wednesday night in lockstep with the US Federal Reserve, which raised…
World Bank agrees $7bln, 5-year partnership with Egypt
The World Bank said on Wednesday it had approved a new $7 billion partnership agreement with Egypt for 2023-2027 with…
Abu Dhabi’s ADGM witnesses 56% rise in assets under management in 2022
Abu Dhabi Global Market has announced that it ended 2022 on a high note due to several milestones achieved by…
The Central Bank of UAE Grants Direct Debit Systems License for Marketplace Operations
UAE citizens and residents can now use a paperless marketplace to facilitate all their recurring payments digitally. The marketplace…
nybl CEO participates in Dubai AI Advancement event
nybl CEO Noor Al Nahhas spoke in a panel discussion convened to mark the release of a Mohammed Bin Rashid…
Regulator FRA (Egypt) sharpens focus on sustainability with UK banking alliance
The London Institute of Banking & Finance (LIBF) and Egypt’s Financial Regulatory Authority (FRA), represented by the Regional Center of…
COP28 could see move from negotiation to action, experts say
The UAE’s hosting of the UN Climate Change Conference later this year could transform the future of the annual international…
CBB Treasury bills oversubscribed
This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 141%. The bills, carrying a…
UAE affirms support for Syria’s return to Arab fold: Gargash
UAE is in favour of Syria of returning to its place and role in the Arab world, Dr Anwar bin…
SAMA governor rules out Saudi transactions with troubled US banks
Ayman Al-Sayari, governor of the Saudi Central Bank (SAMA), ruled out on Thursday any transactions by Saudi financial institutions with…