BHM Capital acquires a new SCA license in fund management
BHM Capital Financial Services has strengthened its market position by acquiring the Fund Management License from the UAE Securities and…
Regulation, Risk & Compliance
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Cairo Amman Bank and Network International Jordan sign exclusive Cooperation Agreement to provide e-payment services for card issuing and management
Cairo Amman Bank (CAB) recently signed an exclusive Cooperation Agreement with Network International Jordan, the local arm of the leading…
UAE Central Bank bans insurance firm from issuing new policies for violating laws
The Central Bank of the UAE on Thursday announced that it had imposed an administrative sanction on an insurance company…
Al Fardan Exchange L.L.C signs anti-money laundering compliance solutions agreement with Kiya.ai
Al Fardan Exchange has signed an agreement with Kiya.ai , a digital and financial solutions provider, powered by Artificial Intelligence…
CBB raises key interest rate by 75 basis points
In light of the development of the international financial market and the continuous measures taken by the CBB to ensure…
FAB Egypt rebrands to FABMISR after legal merger with Bank Audi
First Abu Dhabi Bank (FAB) Egypt has announced the completion of the legal merger of Bank Audi Egypt, where all…
Finance Ministry in Kuwait currently working to activate economic, financial reform initiatives
Finance Minister Abdulwahab Al-Rasheed confirmed that the ministry is currently working to activate the economic and financial reform initiatives included…
Entities operating in microfinancing activity in Egypt increased to 1,026 by the end of March 2022: FRA
The Financial Regulatory Authority (FRA) revealed that the number of entities licensed to engage in microfinancing activity increased by 36…
Central banks step up tightening to rein in soaring inflation globally
More central banks around the world are unleashing a greater amount of policy firepower as they seek to combat unrelenting…
CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE, met H.E. Tarek Hassan Amer, Governor of…
Egypt’s Sovereign Fund to establish sub-fund with $4bln state assets
The Sovereign Fund of Egypt aims to establish a new sub-fund that will be responsible for managing the sale of…
Saudi issues 9,400 new investment licenses for foreigners in first quarter of 2022
Saudi Arabia has set a new record in the number of investment licenses issued for foreigners in the Kingdom during…