04/10/2019
Standard Chartered fined $1.1bn for money-laundering and sanctions breaches
Settlements with US and UK authorities force bank to take hit in first-quarter results
Legal, Tax, Regulation & Compliance
04/10/2019
Bahrain Announces Special Programme for 100 Arab Start-Ups
The structured programme will allow start-ups to rapidly scale up their businesses and access a broader spectrum of support in Bahrain.
04/10/2019
FCA backs adviser's pension transfer intervention
DFSA needs better communication and scrutiny of risky companies, chief executive Bryan Stirewalt says
04/09/2019
Qatar sues Gulf foes over alleged currency manipulation
First Abu Dhabi Bank is the largest lender in the UAE while Samba is one of the leading banks in Saudi Arabia.
04/08/2019
Finastra and Mashreq Bank team up to rethink the future of corporate banking
Industry experts and corporates come together to discuss corporate banking challenges and how best to tackle them
04/08/2019
Double taxation agreement between the UAE and Saudi Arabia comes into effect
The agreement enhances integration and cooperation frameworks in tax matters
04/07/2019
FDI law to boost investment in UAE by 20pc
High-level representatives from the country are expected to present the key provisions of the law before a global audience alongside other factors that make the Emirates a preferred FDI destination in the Arab region.
04/07/2019
Shifting economic trends drive M&A across the GCC
Growth in banking assets is linked to regional GDP and moves largely in tandem with oil prices.
04/05/2019
Regulation of interest eyed
Addressing the governor of the Central Bank of Kuwait, he stressed the need for the governor to exercise his authority on local banks considering they have no right over these funds.
04/05/2019
RBI moves to push growth
Repo rate cut will boost property sector, investment
04/04/2019
IMF Executive Board Concludes 2019 Article IV Consultation with Kuwait
Growth has resumed, and the current account rebounded thanks to higher oil prices.
04/04/2019
Bahrain-Kuwait Agreement to Support Fiscal Balance Program
Bahrain’s economy is expected to grow around 1.8 percent in 2019, like last year, the International Monetary Fund said in March in 2018.
04/04/2019
Societe Generale joins the UAE Board of the United Nations Global Compact
In the UAE, the bank has shown leadership in a number of strategic initiatives
04/03/2019
Kuwait signs financial aid agreement for Bahrain
Kuwait, along with Saudi Arabia and the UAE, pledged $10bn in financial aid to Bahrain last year
04/03/2019
QCB issues Treasury Bills worth QR600m
The issuance is part of the QCB’s monetary policy initiatives and its efforts to strengthen the financial system as well as to activate the tools available for the open market operations.
04/02/2019
UAE implements new family sponsorship policy for expats
With the latest Cabinet announcement, the requirement for residents to have certain professions was scrapped.
04/02/2019
Gulf Bank denies being victim of hacking or tampering
The Bank assured all stakeholders that the amount of the loss referred to does not exceed 0.4 percent of the shareholders’ equity
04/02/2019
Dubai Chamber opens representative office in Argentina
Announcement comes ahead of 3rd Global Business Forum Latin America and follows office openings in Panama and Brazil
04/01/2019
Qatari regulatory authority closes First Abu Dhabi Bank to new customers
The supervisory notice does not prohibit FAB from continuing to provide services to its existing customers and the regulatory authority does not expect notice to have any negative impact on those relationships, the statement added.
04/01/2019
Alef Group Signs Agreement With Dubai Islamic Bank to Provide Murabaha Financing for Al Mamsha Project
The agreement stipulates that the Dubai Islamic Bank will provide highly privileged real estate finance to Emiratis and other nationalities wishing to own homes in Al Mamsha project, with a competitive interest rates, based on the Murabaha principles.