Covering Supervisory Examination, UAE Dirham, Finance Company License, Data-Driven Tools, Resolution 2817. Explore regulatory developments including the mandatory UAE Dirham symbol, new finance company licenses by SAMA, advancements in supervisory examinations using data-driven tools, and the UN Security Council's Resolution 2817 addressing regional security.
Regulatory news, updates, and insights for countries in the Middle East presented by the Carver Agents team
Welcome to Carver's Middle East Regulatory Updates for March 15, 2026.
The United Arab Emirates Central Bank has introduced a mandatory UAE Dirham currency symbol with a defined visual identity and application guidelines. All entities using the national currency must incorporate the new symbol in relevant financial and official documents, adhering strictly to the specified guidelines.
Turning to Saudi Arabia, the Saudi Central Bank, known as SAMA, has licensed three new finance companies, further expanding the Kingdom’s financial services landscape. Edge Finance Company has been authorized to operate in financing small and medium enterprises and consumer finance, bringing the total number of licensed finance companies to 71. Similarly, Aij Company For Financing received a license to provide financing services to small and medium enterprises and consumers, also contributing to the total of 71 licensed finance companies.
Additionally, SAMA granted a license to Wakad Solutions for Digital Brokerage, allowing the company to conduct digital brokerage activities for finance entities within Saudi Arabia. Furthermore, SAMA licensed Wukad Solutions for Aggregation Services to provide finance aggregation services, emphasizing that all operations must be conducted only with authorized financial institutions.
On the geopolitical front, the United Nations Security Council has adopted Resolution 2817 of 2026, condemning Iran’s attacks against several Middle Eastern countries. The resolution demands the immediate cessation of attacks and threats by Iran against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Jordan. It calls for an end to provocations, interference with maritime trade, and support to proxy groups by Iran. The resolution emphasizes respect for the sovereignty, territorial integrity, and political independence of the affected countries.
That wraps up today's regulatory updates. Visit carveragents.ai for more information.