Dubai: Number of new businesses in DIFC up 22% in June
The Dubai International Financial has delivered robust growth, with the number of registered companies rising by 22% year-on-year in the…
Regulation, Risk & Compliance
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Saudi Export-Import Bank signs MoU with BOK International Bank (Bahrain)
Saudi Export-Import (EXIM) Bank has concluded a memorandum of understanding (MoU) with the foreign branch of BOK International Bank (Bahrain…
Abu Dhabi Development Fund financed projects worth $202m in 2021
The Abu Dhabi Fund for Development financed 10 key development projects worth Dh743.9 million ($202.55m) in 2021 as part of…
QFMA issues covered short selling rules, securities lending, borrowing rules
HE Governor of Qatar Central Bank (QCB) and Board Chairman of Qatar Financial Markets Authority (QFMA) Sheikh Bandar bin Mohammed…
Saudi Fund for Development finances $18.4bn worth of projects in developing countries
The Saudi government, represented by the Saudi Fund for Development, has contributed over SR69.1 billion ($18.4 billion) to financing projects…
Saudi Arabia to highlight sustainability successes during G20 Development Ministerial Meeting
Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim will lead a senior Saudi delegation at the G20 Development Ministerial…
Central bank demand for gold remained robust in July, World Gold Council says
Central banks’ appetite for buying gold remained robust in July, as global reserves increased by a net 37 tonnes, the…
Saudi Industrial Development Fund approves $20bn loans since Vision 2030 launch
Saudi Industrial Development Fund has approved a total of 930 loans, valued at over SR75.4 billion ($20 billion), since the…
QNB Group announced as Official Partner for Lusail Super Cup
QNB Group has been announced as an Official Partner for the Lusail Super Cup Presented by Qatari Diar, which will…
KIPCO shareholders approve company’s merger with QPIC
At the Extraordinary General Assembly Meeting, the shareholders of KIPCO – Kuwait Projects Company (Holding) – approved the company’s merger…
AGDM regulator fines five financial institutions for breaching reporting requirements
Five financial institutions have been fined by Abu Dhabi Global Market's Financial Services Regulatory Authority for breaching reporting requirements. …
QFC authority and UBS Asset management to collaborate
Qatar Financial Centre Authority and UBS Asset Management has announced that they have signed a Letter of Intent (“LOI”) to…