Arab countries’ deposits at Central Bank of Egypt hit $13bln end-March
Deposits of Arab countries at the Central Bank of Egypt (CBE) reached $13 billion at the end of March 2022,…
Regulation, Risk & Compliance
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Egypt Central Bank increases cash withdrawal limits
Egypt's central bank on Thursday increased the maximum amount of cash customers are allowed to withdraw from their bank accounts…
Saudi Central Bank allows Lean Tech and Mod5r to regulatory sandbox
The new entrants are Open Banking solutions providers. The new additions bring the total number of permitted fintech companies operating…
UAE central bank urges Islamic Financial Institutions to appoint Emiratis as trainees
In line with the leadership’s vision and the CBUAE’s commitment to implement the Emiratisation strategy in the financial sector, the…
UAE Data Protection Law: The requirements and ensuring compliance
On 2 January 2022, the United Arab Emirates (UAE) launched its Federal Personal Data Protection (PDP) Law – a new…
Saudi Central Bank approves two new Fintech companies
The Saudi Central Bank (SAMA) announced on Tuesday granting of permits to a new batch of companies: “Lean Technologies” and…
UAE: Over 70 nationalities can get visa on arrival for up to 180 days
Planning to visit the UAE sometime soon? Nationals of over 73 countries and territories do not need a pre-arranged visa…
Egypt’s new Central Bank Governor has 3 important issues to address
Hassan Abdalla, the newly appointed acting governor of the Central Bank of Egypt (CBE), has met with President Abdel Fattah…
Incubeta MENA announces change in management structure to execute on global growth strategy
Incubeta has announced structural management changes across their MENA offices with immediate effect. This change follows on from the successful…
Dubai’s largest bank raises wages due to inflation
Emirates NBD, Dubai’s largest bank, has given most of its employees up to 8% pay raises to ease rising costs…
Al Ahli Bank of Kuwait K S C P : and Gulf Bank Sign Memorandum of Understanding to Outline Proposed Acquisition
Al Ahli Bank of Kuwait and Gulf Bank have signed a Memorandum of Understanding regarding the proposed acquisition of one…
IMF sees Saudi inflation contained at 2.8% as GDP growth hits decade-high
Saudi Arabia’s gross domestic product is expected to grow at the fastest rate in almost a decade at 7.6 percent…