UAE Banks Federation Audit Committee holds its sixth meeting, and second for 2022
The Audit Committee of the Board of Directors of UAE Banks Federation, the representative and unified voice of the UAE…
Regulation, Risk & Compliance
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Saudi move to host IMF regional office
The Saudi Council of Ministers authorized on Tuesday minister of finance to discuss with the International Monetary Fund about the…
Capital Market Authority approves amending business list of BNP Paribas Saudi Arabia
Saudi Arabia’s Capital Market Authority has approved the request of BNP Paribas Investment Co. to amend the list of businesses…
Dubai steps up inspections in residential areas; takes action against singles, families violating rules
The Dubai Municipality has stepped up field inspections in residential areas to enforce rules regarding the "presence of singles or…
Gulf central banks raise interest rates after Fed's supersize increase
The central banks of the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar raised their benchmark borrowing rates after the US…
International Monetary Fund meets OBA
The Oman Banks Association in cooperation with the Central Bank of Oman (CBO) organized a meeting between the International Monetary…
Jordan's King discusses economic modernisation efforts with World Bank
His Majesty King Abdullah on Tuesday met with World Bank Group President David Malpass in New York and discussed Jordan’s…
GCC central banks raise interest rates to fight inflation
The US Federal Open Market Committee (FOMC) has hiked its key interest rates by 75 basis points (bps) on Wednesday,…
CBUAE Governor discusses further enhancements of payment systems
The Central Bank of the UAE emphasised today that the UAE banking system has remained resilient throughout the pandemic, with…
Binance secures MVP licence from Dubai regulator
Crypto and blockchain provider Binance has received its minimal viable product licence from Dubai’s Virtual Assets Regulatory Authority. Binance…
Dubai will see more fast-growing tech firms list in five years – DFM chairman
More and more tech growth companies will list in Dubai within the next five years as the emirate puts in…
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…