04/01/2019
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
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.
04/01/2019
A federal decree came into effect in November
04/01/2019
It will have a built-up area of 9.3 million sq ft and a retail floor area of 500,000 sq ft, it stated.
03/28/2019
Notably, the board promised to undertake "necessary administrative and legal proceedings" against JPMorgan.
03/28/2019
With the over-subscribed closing of its perpetual bonds issuance, Sohar International steadily and confidently moves forward in its strategy as a pivotal player and advocate for growth and prosperity for stakeholders and the nation.
03/28/2019
This transaction is one of a long line of schemes of arrangement on which the Mourant team has recently advised.
03/28/2019
Guillaume Fonkenell, 54, who founded Pharo, told some investors in January that the decision was made to uphold its principles due to concerns about Khashoggi’s death
03/27/2019
With a significant number and concentration of older oil and gas facilities, decommissioning is becoming a hot topic in the Middle East.
03/27/2019
"Hamzeh and his team have an impressive record of experience providing specialized services to international firms for the last 20 years," said Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO.
03/27/2019
Under International Financial Reporting Standards 9, banks disclose the breakdown of their portfolio by different stages defined in the standards
03/26/2019
The committee is now due to meet with the Civil Service Bureau next month for final discussions before tabling the amendments to parliament for a vote.
03/25/2019
The two leading companies can now support banks required to comply with Open Banking standards set by the Central Bank of Bahrain
03/25/2019
The database provided will include the total facilities, including activity and loan distribution.
03/25/2019
The court ordered the defendant to pay the woman BD346 and interest at a rate of 6 per cent per annum, as well as late payments for 6 months.
03/25/2019
Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market.
03/25/2019
The engagement highlights how financial institutions and regulators can contribute to the well-being of humanity and the natural
03/25/2019
Worryingly for Ankara, industrial output fell 6.4% and there are signs of more falls in the months ahead.
03/25/2019
However, without greater investment in regtech applications, firms would be more exposed to cyber security risks and financial crime.
03/25/2019
The Capital Markets Board of Turkey (SPK) also said it had launched a probe after receiving complaints that a JP Morgan report was "misleading" and caused speculation on the Istanbul bourse.