Regulation, Risk & Compliance Archives - Page 65 of 745

Egypt highly supports FRA’s efforts in NBFS development: Madbouly

January 12, 2023

The Egyptian government is highly supporting the Financial Regulatory Authority’s efforts in developing all the non-bank financial services, Prime Minister…

Fraud & Ethics

UAE Central Bank issues new guidelines to combat money laundering

January 12, 2023

The UAE Central Bank has issued new guidelines for licenced financial institutions, including banks, finance companies, exchange houses and insurance…

FinTech

New Lab Paves Way for Saudi Arabia’s Open Banking Launch

January 12, 2023

The Kingdom of Saudi Arabia has launched an Open Banking Lab for banks and FinTechs. The new lab, announced…

Regulation, Risk & Compliance

Gross bank assets rose to Dhs3.58tn by end of Oct 2022, reveals Central Bank of UAE

January 10, 2023

The Central Bank of the UAE has said that gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent,…

Regulation, Risk & Compliance

Kuwait selects Google Cloud for nationwide digital transformation

January 10, 2023

Google Cloud has announced a strategic alliance with the Government of Kuwait to roll out a comprehensive digital transformation roadmap…

Financial Results

Egyptian pound sees largest single-day fall since IMF deal

January 6, 2023

The Egyptian pound tumbled in its largest single-day slide since the government agreed to a $3 billion International Monetary Fund…

Regulation, Risk & Compliance

Egypt: Credit facilities for 100 largest bank clients increase to $24.32bln

January 4, 2023

The Central Bank of Egypt has revealed that the credit facilities granted to the largest 100 borrowers in the public…

FinTech

Central Bank of Turkey Successfully Tests Payment Transactions Using Digital Lira

January 4, 2023

The Central Bank of the Republic of Turkey has successfully tested the first transactions using the digital Turkish Lira. …

Regulation, Risk & Compliance

Dubai regulator upholds $135mln fine against Abraaj founder

January 4, 2023

Dubai’s financial regulator said a $135 million fine against Abraaj founder Arif Naqvi has been upheld, saying its original findings…

Regulation, Risk & Compliance

Flat6Labs and Wio Bank sign MoU to streamline and enhance SME-centric banking services for start-ups in Abu Dhabi

January 4, 2023

In a bid to further strengthen Abu Dhabi’s entrepreneurship ecosystem, Flat6Labs, the MENA region’s leading seed-stage program and early-stage venture…

Regulation, Risk & Compliance