08/22/2019
CBK requests for monthly report from banks on money sent to local charities from abroad
It instructed the banks to submit these data on a monthly basis starting from this month.
Legal, Tax, Regulation & Compliance
08/22/2019
Invest Bank resumes trading on ADX
Earlier in the month of April this year, the shareholders of Invest Bank approved a strategic investment by the Government of Sharjah and a reorganisation of the Board of Directors.
08/22/2019
SME accounts surpass general credit accounts in Qatar banks in 2018: QCB
Qatar Development Bank was entrusted with the responsibility of developing and supporting SMEs in the non-hydrocarbons sector.
08/21/2019
UAE Gathers To Talk Finance Future
Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Al-Hashel boasted.
08/21/2019
Qatar eyes central regulator for Islamic finance sector
Financial services firms have been self-governing until now
08/21/2019
UAE national service recruits given bank fee exemption
Policy is designed to help young Emiratis who may not have built up their own funds
08/21/2019
Kuwait's Alargan Int'l Real Estate signs $218m bank facilities contract
Of the total amount, $36.2m will be used to fund projects by the developer behind Al Bida'a in Kuwait and Argan Village in Bahrain
08/20/2019
Int’l banking event to yield holistic sight: top Kuwait banker
Banking industry leaders are among the many top-level executives and officials confirmed as speakers for the gathering, Hashel boasted.
08/20/2019
Bahrain central bank issues final rules on insurance aggregators
The regulations target intermediaries with an insurance broker’s license that operate on an online platform or app and that provide price comparisons of insurance policies, and facilitate the purchase of insurance policies on behalf of insurance com
08/20/2019
Egypt's central bank seen cutting key interest rates
Three others expected the bank to keep its overnight rates unchanged.
08/20/2019
NAB obtained evidence from UAE against Zardari money laundering
The arrest warrants against Nasser Abdulla have been cancelled; however, the final decision on his plea to become the approver will be made by NAB Chairman Justice (r) Javed Iqbal.
08/19/2019
Oman issues $3bln international bonds
The proceeds from the debt-raising will enable the Sultanate to meet a significant portion of its expected funding needs for the year.
08/19/2019
KFH-Bahrain in consumer financing deal for Golden Gate
Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers
08/19/2019
Bank Muscat signs agreement with Al Omaniya Financial Services
Remote Deposit Capture is an online cheque clearing solution, facilitating faster clearance and efficiencies in account receivables.
08/19/2019
Emirates NBD enhances data-driven decision making as first global bank to leverage SAP Financial Services Data Platform
Implementation marks second phase of expansion for bank's Enterprise Data Platform as a major flagship initiative in ongoing AED 1 billion digital transformation
08/18/2019
Egypt's FRA awards Banque Misr non-banking financial activities licence
This policy is part of the government’s push towards improved performance in implementing the Initial Public Offerings Programme.
08/18/2019
Standard Chartered faces £10m Treasury fine
The Office of Financial Sanctions Implementation has notified the Liverpool FC sponsor of the proposed fine, Sky News learns.
08/18/2019
Lebanon's Central Bank Governor Was Just Awarded Among the Best in the World
Standing out again the best, Riad Salameh received the award for the fourth time!
08/16/2019
Dubai International Financial Centre the End to End of Service Gratuity
It is anticipated that employers and employees will be able to set a risk profile for their investments with the DEWS scheme administrator.
08/16/2019
Qatar’s Islamic finance sector to get central regulation; profitability remains high
The QCB — according to its Financial Stability Review for 2018 — said that measures were in place to establish a centralised Shariah supervisory body and create Shariah standards to govern Islamic banking products and transactions.