09/20/2019
Solidarity Bahrain has no plans to shut any branch
The firm has six branches spread across the country and has noted an increase in foot traffic with all outlets performing very well
Legal, Tax, Regulation & Compliance
09/19/2019
The IFSB database disseminates data for Islamic Banking systems in member countries, including Libya for the first time
This 13th dissemination completes the availability of quarterly data from Q4 of 2013 to Q1 of 2019, and is part of the IFSB's Prudential and Structural Islamic Financial Indicators project
09/19/2019
Emirates NBD determined on UAE Paralympic success
Bank signs 2-year partnership with National Paralympic Committee, including 2020 Paralympics in Tokyo
09/19/2019
Dubai bank worker jailed and ordered to pay Dh1.6 million over fraud
The assistant manager forged a cheque valued at more than Dh600,000
09/19/2019
UAE monetary base up to AED386.3 bn in August
Current account balances reached AED18.3 bn in August, with reserve requirements growing from AED125.4 bn in July to AED127.6 bn in August.
09/19/2019
RPT-UAE central bank cuts rates by 25 basis points
The central bank also said the repo rate for borrowing short-term liquidity had been cut by 25 bps.
09/19/2019
Saudi and UAE cut key rates following Fed, Kuwait stands pat
Saudi central bank officials had said earlier this week that lower interest rates would help the country's banks because it would boost lending.
09/19/2019
Lebanon central bank agrees to liquidation request from sanctions-hit bank
The value of the bank's assets, and its share of the national deposit guarantee body, are in principle enough to pay all deposits and commitments
09/18/2019
Merkel urges return to Iran nuclear deal to defuse Middle East tensions
In recent days tensions in the region rose and Germany will always be in favor of deescalation and long-term solutions are only possible through a political process.
09/18/2019
Safe Haven ETFs to Grab Amid Middle East Tensions
Other precious metals like silver rose 3% and platinum inched up 0.7%.
09/18/2019
Bahrain mandates banks for dual-tranche transaction - document
The dual-tranche transaction, subject to market conditions, is for a seven-year Islamic bond and a 12-year bond.
09/18/2019
KAMCO shareholders approve draft merger contract and capital increase in shares allocated to Global shareholders
As set out in the Amalgamation agreement between KAMCO and Global, KAMCO shall be the merging company and Global the merged
09/18/2019
Kuwait hosts economic policy makers
The first session will also address geopolitical challenges, trade disputes, oil price fluctuation, currency exchange and effects of financial technologies; in addition to addressing expectations, tools available for facing future challenges and impact of
09/18/2019
Dubai's DIFC registers three-fold increase in fintech firms since 2018
Arif Amiri, CEO of DIFC Authority, said: "The significant rise in the number of registered fintech firms establishing a presence at the centre highlights our sustained efforts to transform the region's financial technology ecosystem and drive su
09/18/2019
Sheffield Dis-United
The comprehensive decision will be an important precedent to consider in future shareholder disputes, particularly those involving a ‘deadlock’ situation.
09/17/2019
Dubai’s Careem rides high after $3bn Uber buyout
Ride-hailing app sets sights on becoming one-stop shop with expansion into deliveries
09/17/2019
Dubai Regulators Flagged Standard Chartered
Senior executives, including global private banking head Didier von Daeniken, were scheduled to meet Dubai regulators this month, the sources added.
09/17/2019
Ofcom rejects inquiry into Saudi Arabian investor in Evening Standard
The Standard is controlled by Evgeny Lebedev, 39, the son of Alexander Lebedev, 59, a Russian businessman and former KGB spy.
09/17/2019
EBRD and Credit Libanais joining forces
Credit line and trade finance limit will support small and medium-sized businesses and intra-regional trade in Lebanon
09/17/2019
Kuwait MP: 'Expats must pay even for the air they breathe'
Al-Hashim has a long history of attacking migrant workers in Kuwait, as she has repeatedly demanded the deportation of Egyptian workers in particular.