Risks for Saudi's banking sector to remain contained: S&P
Despite the prospects of rapid expansion over the next 12 to 24 months risks to the stability of the Kingdom…
Regulation, Risk & Compliance
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EBRD’s first investment under new green financing facility in Turkey
EBRD new green financing facility in Turkey to strengthen green investments €53.5 million loan to TSKB co-financed by the Clean…
HAYVN receives approval from the Swiss Financial Market Supervisory Authority, FINMA
HAYVN has announced that it has successfully received approval from the Swiss Financial Market Supervisory Authority, FINMA to join a…
FinTech growth and digital banks' risk appetite stoking stability concerns, IMF says
The combination of rapid growth and increasing importance of digital banks and FinTechs entail system-wide risks for financial stability as…
IFC appoints new Director for the Middle East, Afghanistan, and Pakistan
IFC has named Khawaja Aftab Ahmed as the Regional Director for the Middle East, Pakistan, and Afghanistan. Ahmed will…
First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes
First Abu Dhabi Bank (FAB) has withdrawn its offer for a controlling stake in Egyptian investment bank EFG Hermes, citing…
Hoxton Capital Management gains US Securities & Exchange Commission licence
Dubai headquartered Hoxton Capital Management has gained a licence from the US Securities and Exchange Commission (SEC), effective as of…
UAE’s DMCC records 665 new company registrations in Q1 2022
The Dubai Multi Commodities Centre said that 665 new companies registered in the freezone in Q1 2022 – making it…
Bahrain's IIFM and TKBB sign MoU on participation banking sector
The International Islamic Financial Market (IIFM), a Bahrain-based standard-setting body, and the Participation Banks Association of Turkey (TKBB) have signed…
Saudi competition authority approves 88% more mergers & acquisitions requests in Q1
Saudi Arabia’s General Authority for Competition approved 49 applications for mergers and acquisitions in the first quarter of 2022, an…
The CBB supports University of Bahrain Master in Financial Technology student projects
As part of the Central Bank of Bahrain’s commitment to enhance the competitiveness of the financial services sector and in…
Saudi EXIM Bank Approves Credit Worth $1.4 Bn to Boost Alternative Economy
The Saudi Export-Import Bank approved loans worth over $1.46 billion during the first quarter of 2022 to support the Vision…