UAE Central Bank issues guidance on anti-money laundering
The Central Bank of the UAE has issued a new guidance on anti-money laundering and combatting the financing of terrorism…
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Ashurst’s M&A team sees two deal mandates in Abu Dhabi close
M&A consultants from law firm Ashurst have over the past two months seen two of its deal mandates in the…
Financial Crime in the Middle East and North Africa survey
Refinitiv has released the seventh edition of the Middle East and North Africa (MENA) financial crime report. The Financial…
Emirates Development Bank gets into debt finance to fund more UAE businesses
EDB asked for $750 million and eventually got it, no problem, as the bank’s debt was assigned the fourth-highest investment…
UAE strives to achieve fastest economic recovery in the world, minister says
The pandemic crisis brought out the best in us in the UAE in terms of business resilience and foresightedness, said…
Bank M&A set to surge in Saudi Arabia
More bank mergers and digital lenders are the order of the day in Saudi Arabia, as the Kingdom seeks to…
Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE
The Central Bank of Egypt (CBE) has revealed that the total financial position of banks operating in the local market,…
Digital Mindset Moves into Mainstream
While the digital transformation process in private banking is now a decade old, most commentators agree that the high-tech backdrop…
Protiviti advises Zajil Telecom on its deal with Bahrain’s Kalaam
Kuwait-based information communications technology company Zajil Telecom has been acquired by Bahrain’s Kalaam Telecom, in a deal advised on by…
Inflation a worry for global investors: CFA survey
Inflationary pressures are likely to persist for one to three years, according to a survey from the CFA Institute. …
UAE budget balance improves as economy recovers from pandemic
The United Arab Emirates budget balance improved in the first half of the year as the economy began recovering from…
NBB Group announces deployment of the first Virtual Cyber Fusion Centre in the region
The National Bank of Bahrain Group has announced the successful deployment of the first Virtual Cyber Fusion Centre (vCFC) in…