First Abu Dhabi Bank subsidiary FAB Securities raises Saudi National Bank's target price
FAB Securities, a subsidiary of First Abu Dhabi Bank, has revised the target price of Saudi National Bank , the…
Regulation, Risk & Compliance
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OAB launches new scheme offering guaranteed returns of up to 5.75% per annum
Oman Arab Bank (OAB) launched its newest scheme, the OAB Savings Basket, in line with its efforts to enhance financial…
UAE Central Bank issues new guidelines on anti-money laundering
The UAE Central Bank has issued new guidelines on anti-money laundering and combating financing of terrorism. The guidance focuses…
Qatar's Investment Promotion Agency inks double deal with PwC
The Investment Promotion Agency Qatar (IPA Qatar) has signed a double deal with PwC, with the accounting and consulting giant…
The CBUAE issues new instructions regarding the Sheikh Zayed Housing Programme
The Central Bank of the UAE has issued a notice to all banks and finance companies operating in the UAE…
UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the…
UAE, Kenya to commence talks over comprehensive economic partnership
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialisation,…
CBK raises discount rate by quarter percentage point
The Central Bank of Kuwait raised the discount rate by a quarter percentage point from 2.25 per cent to 2.50…
African Development Bank adopts new Country Strategy paper for Egypt covering 2022-2026
The African Development Bank Group’s Board of Directors has approved Egypt’s Country Strategy Paper for the 2022-2026 period. Under…
Saudi Central Bank launches Joint Operations Center to combat financial fraud
Saudi Central Bank has launched the Joint Operations Center for banks to follow up and monitor cases of financial fraud,…
National Bank of Bahrain signs an extended partnership with Mastercard
The National Bank of Bahrain (NBB), and global technology company Mastercard have announced a strategic seven-year partnership to elevate their…
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,…