UAE central bank recommends measures to mitigate coronavirus impact
The central bank of the United Arab Emirates advised banks to reschedule loans and reduce fees and commissions on Saturday…
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Standard Chartered sees 2019 MENA profits up 29%, warns of impact or coronavirus
Standard Chartered’s Middle East and African operations saw profits rise 29 percent in 2019, but the British lender warned on…
Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform
Dubai International Financial Centre and Mashreq Bank has announced the region’s first blockchain data sharing platform, now live in production,…
Dubai Islamic postpones sukuk amid coronavirus volatility: sources
Dubai Islamic Bank has postponed a planned issuance of U.S. dollar-denominated sukuk due to market conditions resulting from the new…
Proactive measures helped stabilise economy post-blockade: QCB Governor
A series of quick and proactive measures taken by the government and Qatar Central Bank in response to the blockade…
Lebanon’s banks plead for a no default
Lebanon’s banking lobby made a last-ditch appeal to the government to avoid a debt default and instead offer a swap…
QCB commits to modern regulatory environment to support market stability, innovation
Understanding the importance of financial technology in the development of Qatar’s banking and financial sector, the Qatar Central Bank is…
Central Bank of Kuwait urges use of ATM cards
Kuwait citizens and residents have been urged today to use their ATM cards, instead of banknotes and coins, to reduce…
Doha Bank achieves recertification to ISO 20000 for IT Service Management
Doha Bank has been recertified the ISO 20000 certification for its continuous compliance to global standard for IT Service Management. …
UAE banks to benefit from public-sector loan growth in 2020
Profitability at the four largest UAE banks is set to remain resilient in 2020, as solid public-sector loan growth balances…
New Limits on Turkish Bank Fees and Commissions
Recent Developments The Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees That Banks Can Charge to Corporate…
Amendments to Turkish Banking Laws
Recent Development The amendments to the Banking Law No. 5411 (“Banking Law”); the Debit Cards and Credit Cards Law…