Saudi central bank licenses 2 debt-based crowdfunding fintechs
The Saudi Central Bank has licensed Forusand and Tameed, the two finance companies specialised in debt-based crowdfunding, state-owned SPA news…
Regulation, Risk & Compliance
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SAMA reduces minimum paid-up capital for finance firms supporting SMEs
The Saudi Central bank, also referred to as SAMA, has announced adding a subtitle to an existing law, which reduces…
UAE calls for domestic workers to be paid online
The UAE’s Ministry of Human Resources and Emiratisation has called on employers to register their domestic workers in the Wage…
Investment manager fined and banned in Qatar
The QFC Regulatory Authority (QFC RA) has taken disciplinary action against Luis Laplana, an investment manager at trust administrator Horizon…
Middle East economies set to grow despite global geopolitical and economic challenges
Knock-on effects of inflation, the energy crisis and the geopolitical situation have intensified global economic headwinds but economies in the…
GCC countries will buck the global recession, say PwC economists
With public finances enjoying a healthy surplus on the back of booming oil-based revenues, and consumer optimism despite economic headwinds,…
Saudi Arabia’s demographic transition calls for policy response
Global population ageing is a reality across countries. For Saudi Arabia, the Kingdom is at an early stage of changing…
Banque Misr to cancel 25% saving certificate within days – Official
Chairman of Banque Misr, Mohamed El-Etreby, announced that the 25% return one-year Talaat Harb certificate of deposit will be cancelled…
Abu Dhabi’s Masdar signs memorandum with Dutch companies to develop green hydrogen supply chain
Renewable energy firm Masdar of Abu Dhabi has signed a memorandum of understanding with the Port of Amsterdam, SkyNRG, Evos,…
CBI negotiations with Qatar, UAE expected to bear positive results: expert
Economic Expert and University Professor Vahid Shaqaqi, who was among the scholars accompanying the governor of the Central Bank of…
UAE introduces federal level virtual asset regulation
The UAE Cabinet has introduced a new regulation governing virtual assets, which sets out the state’s first regulatory regime for…
Egypt highly supports FRA’s efforts in NBFS development: Madbouly
The Egyptian government is highly supporting the Financial Regulatory Authority’s efforts in developing all the non-bank financial services, Prime Minister…