UnionPay International Reaches Cooperation Deal with Bank Albilad in Saudi Arabia
UnionPay International Middle East Branch and Bank Albilad hold a signing ceremony in 27 June 2022 with VP of UPI,…
Regulation, Risk & Compliance
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How investors will benefit from Dubai’s new law on real estate funds
Dubai’s new law to incentivise property investment funds is expected to attract more foreign capital to the industry, but it…
Commercial Bank of Dubai arranges AED530mln syndicated financing for Gulf Data Hub
Commercial Bank of Dubai (CBD) has successfully arranged, structured and concluded an AED 530 Million Syndicated Financing for Gulf Data…
CBB Government development bond Issue No.30 oversubscribed
The Central Bank of Bahrain announces that the issue of the 5-year Government Development Bond has been oversubscribed by 298%.…
Dubai’s financial services sector tops global ranking in attracting FDI projects
DIFC ranked first as a free zone globally in attracting FDI in the financial services sector in 2021 and during…
Mashreq Bank signs e-sports partnership with Galaxy Racer
Mashreq Bank has partnered with Dubai-based Galaxy Racer, a transmedia powerhouse, to launch a content series and gaming tournaments and…
UAE’s business-friendly policies attract more global investors
The UAE is building a futuristic nation with a strong foundation of disruption and legacy helping future generations to tap…
Al Masaood to introduce plug-and-play solar stations in GCC
Al Masaood Power Division, leaders and experts in power solutions, has signed a distribution agreement with leading French innovation company…
United Arab Bank goes live with Arab Monetary Fund’s Buna platform
United Arab Bank (UAB) announced the launch of cross-border multi-currency settlement service through BUNA payment platform. Incorporated in the…
Fintech company director fined $24,000 for obstruction of investigation
The Dubai Financial Services Authority (DFSA) fined Stuart Coles, director and owner of three firms (Coworth Fintech Ltd, Coworth Investments…
Solutions inks $79.46mln contract with STC
Arabian Internet and Telecommunication Services Company (solutions) has signed a SAR 298.08 million contract to establish and develop the internet…
The Central Bank of Egypt reinstates fees on ATM withdrawals as of July 1st
Arab Finance: The Central Bank of Egypt (CBE) has decided to reinstate fees on cash withdrawal transactions from automated teller…