Total of EGP 2.5bn paid in insurance from April to June 2022: FRA
The Financial Regulatory Authority (FRA) revealed that a total of EGP 2.5bn was paid in property and liability insurance from…
Regulation, Risk & Compliance
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UAE, GCC central banks likely to hike interest rates again in the coming week
Borrowing cost is set to rise in the UAE and other Gulf countries in the coming week as the US…
Saudi Arabia’s inflation ‘within reasonable levels:’ SAMA
Dr. Fahd Al-Mubarak, governor of the Saudi Central Bank (SAMA), said that inflation levels in Saudi Arabia are still within…
Tunisia expects deal on IMF loan in weeks, central bank governor says
Tunisia expects to reach a deal with the International Monetary Fund in coming weeks on a loan of between $2bn…
Saudi govt authorities, IBM join forces to reduce kingdom’s emissions
Saudi Data and Artificial Intelligence Authority (SDAIA) and IBM announced the signing of a strategic agreement to drive adoption of…
Central Bank of Egypt selects Acumen.plus
Profile Software has announced that the Central Bank of Egypt has selected Acumen.plus, the internationally implemented Treasury Management System, to…
Gulf banks lag regional peers on gender parity in boardroom
Most big banks in the Gulf Cooperation Council have no women board directors, according to an S&P Global Market Intelligence…
US$13 billion in Gulf deposits allays some pressure on Egypt following capital flight from emerging markets
Last week, the Central Bank of Egypt announced that it had obtained US$13 billion in deposits from countries in the…
QIIB holds workshop for board, senior management on QCB governance regulations
QIIB has held an extensive workshop for its board and senior management members on the updated corporate governance regulations issued…
ADGM’s financial regulator publishes guiding principles on its approach to virtual asset regulation and supervision
Abu Dhabi Global Market (ADGM), the International Financial Centre of the UAE’s capital city, announced today that its financial regulator,…
Gold flat ahead of inflation with more big rate hikes looming
Gold was flat before US inflation data due Tuesday, and as central bankers in the US and Europe signaled more…
UAE Cabinet approves new law on public-private partnership
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…