06/22/2018
What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit.
06/21/2018
Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic join DIFC community
06/20/2018
Central Bank sets maximum limit on retail consumer-related banking services such as home loans, credit cards
06/20/2018
The widely-expected IPO of the country’s oil giant Aramco would likely see a doubling of the initial Saudi weighting
06/20/2018
The caps have been introduced as part of an amendment to 'Annexure 2' of the 'Regulations Regarding Bank Loans and Services Offered to Individual Customers (2011)', the report added.
06/20/2018
Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic Set up operations
06/19/2018
UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.
06/18/2018
Readers discuss the economy, Afghanistan and North Korea
06/18/2018
Planning Minister Hala al-Saeed said the bill gives the fund the authority to establish sub-funds and contribute in similar Arab funds.
06/17/2018
It is the latest in a series of reforms by Gulf nations to diversify their economies and boost growth, as many try to decrease their reliance on oil.
06/17/2018
Qatari regulations do not allow a bank to operate both types of lending, so IBQ would have had to convert its business to being Sharia-compliant should the deal have gone ahead.
06/15/2018
In short, higher finance rate will make properties more expensive for residents and foreign investors, while the higher cost of bank funding for projects will result in a corresponding price increase from the side of developers.
06/14/2018
Sharia law places strict guidelines on economic activity whereby value must be attributed to real, physical assets.
06/14/2018
The leak has been used to identify 44 properties worth $28.2m (£21m, €23.8m) “directly associated” with individuals named in US sanctions and a further 37 properties worth $78.8m connected to them via their networks.
06/13/2018
A regulatory sandbox is a framework and process that facilitates the development of the financial technology (fintech) industry in a safe and calculated way.
06/13/2018
The Central Bank of Kuwait has issued a circular for banks operating in accordance with Islamic Shari’a, requesting them to provide direct investment data on a quarterly basis in a collective manner
06/13/2018
The Abraaj Group made headlines in February, when the Wall Street Journal reported that the Bill & Melinda Gates Foundation and other investors hired a forensic accountant to look into possible misuse of money
06/12/2018
The petition filed by Auctus follows a separate court request last month in the Cayman Islands from an Abraaj investor
06/11/2018
The affected firms failed to regularise their activities during a grace period given by the bank
06/11/2018
The partnership will support the Government's ambitions to create a thriving financial sector- laid out in Vision 2030