Qatar plans to invest $5 billion in Egypt: Egypt cabinet
Qatar plans to invest $5 billion in Egypt in the coming period, Egypt said, as the North African nation’s economy…
Regulation, Risk & Compliance
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Central Bank of Bahrain issues revised collective investment undertakings regulations
The Central Bank of Bahrain (“CBB”) has conducted a comprehensive review of its Collective Investment Undertakings (“CIU”) regulations governing the…
EU states freeze $130 million worth of Lebanese assets
Authorities in three European countries have frozen more than $130 million in assets linked to an investigation into money laundering…
CBB treasury bills oversubscribed
This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 127%. The bills, carrying a maturity…
Sharjah markets 8-year Islamic bonds
The government of Sharjah, one of the seven United Arab Emirates, has begun taking orders for eight-year U.S. dollar-denominated Islamic…
EBRD and FATEN boost women entrepreneurs in West Bank and Gaza
EBRD loan of US$ 2 million to Palestine for Credit and Development (FATEN) Funds for on-lending to local women-led MSMEs…
CBUAE Governor hosts Bank CEOs to outline the banking sector outlook for 2022
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted the UAE Bank CEOs Forum, a quarterly…
Fines up to Dh1 million for breach of UAE's new Labour Law, warn lawyers
Six weeks ago, a raft of new labour laws came into force in the UAE – the first substantial update…
FRA issues licensing controls for non-banking fintechs
The Financial Regulatory Authority (FRA) has issued several new controls for non-banking financial activities, foremost among which is raising the…
President of New Development Bank describes UAE as a ‘prime example of an economic miracle’
Two-day high-level forum organised by Dubai Chamber of Commerce in partnership with Expo 2020 Dubai. The UAE is a “prime…
Lebanese banks face off with judiciary as depositors demand accountability
Lebanese banks conducted a two-day strike this week in protest of judicial orders targeting six banks as part of an…
New rules to protect data in Bahrain
New rules to enhance personal data security have been announced.Justice, Islamic Affairs and Endowments Minister Shaikh Khaled bin Ali Al…