Legal, Tax, Regulation & Compliance

07/19/2019

PM Imran Khan writes to UAE President Sheikh Khalifa

In December 2018, UAE officially announced that it would assist Pakistan to help it overcome international payment crisis and to avoid the deal with the International Monetary Fund, which contained strict terms and conditions.

07/19/2019

Qatar can adopt Basel IV guidelines quickly: KPMG

The revised norms will result in banks facing a shift in the relative attractiveness of different types of exposures, which will also impact the attractiveness of adopting an internal model based approach to credit or market risk, KPMG said.

07/18/2019

Combating financial crime

3 focus areas for banks to achieve more effective and efficient customer due diligence

07/17/2019

Turkey's new central banker maps out rate cuts

TURKEY'S new central bank governor ended days of silence since his surprise appointment by President Recep Tayyip Erdogan with a message that hinted at restraint as he pivots toward interest-rate cuts. Speaking in his first interview since his prede

07/17/2019

Dubai’s Amlak to restructure $1.2B by end of year

The company is asking creditors to reschedule repayments on debt over the originally agreed period that ends in 2026, people familiar with the matter said, asking not to be identified because the information is private.

07/17/2019

Kuwait reserve assets hit $39bn

The bank said in a press release that overall currency and assets reached by the end of May KD 11.2 billion ($36.9 billion), including paper and metallic banknotes, namely foreign currencies in circulation for securing payments.