UAE, South Korea to jointly promote entrepreneurship and support SMEs
The UAE Ministry of Economy (MoE) and the Korea Federation of SMEs (KBIZ) will work together to further enable the…
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Leveraging Centralised Cloud MiFID II Advisory
When new financial regulations are introduced, financial institutions do not always have sufficient time to be operationally ready ahead of…
Boubyan Bank records KD 17mln in net profits for the first quarter of this year
Al-Majed: A Good Start to 2022 and We Are Looking Forward to Continuing Our Full Digital Transformation Strategy Al-Majed: Moody’s…
The Banking Control Law in Saudi Arabia
In light of the extra precautions the Saudi government is taking to mitigate financial crimes, it is necessary to shed…
Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
Saudi Arabia’s National Debt Management Center issued SR9.98 billion ($2.6 billion) worth of riyals-denominated Sukuk in April. In a…
HSBC becomes Dubai Financial Market's first general clearing member
Dubai Financial Market has announced that HSBC has become the first international General Clearing Member (GCM) to join the market,…
UAE gross bank assets increase 0.8% to Dhs3,321.5bn at end of December 2021
The Central Bank of the UAE (CBUAE) has said that the Money Supply aggregate M1 increased by 2.3%, from Dhs686bn…
Kuwait’s NBK reports 38% surge in Q1 profit on lower impairment losses
National Bank of Kuwait (NBK), the biggest lender in the Gulf country by assets, posted a 38 per cent jump…
Islamic Development Bank hires banks for 5-year dollar sukuk
The Jeddah-based Islamic Development Bank has hired a group of banks to arrange the sale of five-year U.S. dollar-denominated sukuk,…
KPMG wins GCC advisory awards at international competition
The Lower Gulf member firm of KPMG has bagged two international awards for excellence in the GCC region, with its…
ADCB is latest bank to join UAE’s Trade Connect platform
Abu Dhabi Commercial Bank is the latest to sign up for the UAE Trade Connect platform, which is a consortium…
MENA Fintech Association releases the SHIFT report
The MENA Fintech Association has released the first volume of the SHIFT report, a comprehensive guide that supports the fintech…