SAMA Reduces Minimum Paid-Up Capital Required for Finance Companies to Carry-On Finance Business for Small and Medium Enterprise (SMEs)
The Saudi Central bank (SAMA) announced the amendment of article (8) of the Implementing Regulation of the Finance Companies Control…
CBUAE Discusses Training and Capabilities building Cooperation with the Egyptian Banking Institute
The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under the Central Bank of…
Spotify to Trim 6 Percent of Workforce in Latest Tech Layoffs
Spotify Technology SA said on January 23, 2023 it plans to cut 6 percent of its workforce and would take…
Microsoft Extends AI partnership with ChatGPT and Dall-E maker OpenAI
Microsoft has announced a multi-year, multibillion dollar investment in artificial intelligence (AI) as it extends its partnership with OpenAI. OpenAI…
Cryptoverse: Bitcoin Investors take Control
Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their…
SAMA-AMLPC Concludes 2nd Phase of Training 106 Specialists in Financial Investigation of ML Crimes
The Anti-Money Laundering Permanent Committee (AMLPC) of Saudi Arabian Monetary Authority (SAMA) completed the second phase of the Technical Assistance…
Global Growth to Slow to 1.9 percent in 2023, warn UN Economists; Pakistan’s Prospects ‘Challenging’
UN economists warned on January 25, 2023 that intersecting crises are likely to add further damage to the global economy,…
CBRT Supporting Conversion of Firms’ Foreign Exchange Obtained from Abroad into Turkish Liras
As part of its Monetary Policy and Liraization Strategy for 2023, the Central Bank of the Republic of Türkiye (CBRT)…
Bank of Canada Increases Policy Interest Rate by 25 Basis Points
The Bank of Canada January 25, 2023 increased its target for the overnight rate to 4.50 percent, with the bank…
Monetary Policy Committee Decides to Raise the Policy Rate by 100 Basis Points
In its meeting held on January 23, 2023 the Monetary Policy Committee (MPC) decided to increase the policy rate by…