11/22/2017
Turkey, Islamic Development Bank sign $2.25B loan deal
The other agreement was signed between the Development Bank of Turkey and IDB with a Treasury reimbursement guarantee.
Legal, Tax, Regulation & Compliance
11/22/2017
UAE central bank: request on Saudi accounts was just information-gathering
Commercial bankers have expressed concern that the request could be a prelude to freezing the accounts.
11/22/2017
Saudi wealth fund finalizes deal to take over unfinished Riyadh financial hub
Crown Prince Mohammad Bin Salman lists the rehabilitation of the financial district as one of his objectives in the kingdom’s Vision 2030 economic reform plan.
11/21/2017
New Middle East Investor for CS?
The 11 arrested earlier this month are believed to have to pony up millions in assets to Saudi Arabia
11/21/2017
QIIB stresses safety of its systems
The bank added that it periodically sends messages to customers warning them of fraudulent calls and links that they claim to be from banks or from telecoms companies.
11/21/2017
Ankara rebuffs claims Halkbank to be replaced
On Nov. 16, new regulations regarding the merger, division, transfer of assets and exchange of bank shares were published in the Official Gazette.
11/20/2017
CBO To Issue OMR150M In Bonds Next Month
The Global Interest Rate Scenario Is Still Relatively Benign
11/20/2017
Iran Banking Issues With China, UAE Resolved
Political Matters Significantly Affect Banking Relations Between Two Countries
11/20/2017
UAE MoF Organises A Workshop Titled ‘Practical Application For The Avoidance Of Double Taxation Agreements’
UAE Is Considered A Hub For Regional Dialogue
11/19/2017
CBB issues directives for B-REITs
The new directives will encompass retail investors as part of the target investors who are allowed to invest in Bahrain Domiciled REITs.
11/19/2017
German watchdog drops inquiry into HNA, Qatar over Deutsche Bank -source
Qatar's royal family built up its stake first in 2014 during a capital increase
11/19/2017
UAE Banks Federation Reveals New Brand Identity
New logo takes inspiration from the UAE’s rich calligraphic heritage while celebrating the UBF and Member banks concerted efforts to shape the future of the banking sector
11/19/2017
Tackling financial crime with real-time detection
Traditional methods of identifying suspicious activity are no longer adequately protecting financial institutions and their customers.
11/17/2017
Saudi central bank says no big money outflow due to graft crackdown
The bank accounts of as many as 200 individuals had been frozen in the investigation.
11/17/2017
Egypt's central bank holds interest rates as expected
Egyptian inflation dipped for the third month running in October but remained above 30 percent.
11/16/2017
Doha Bank signs agreement for e-Remittance service to Nepal
Citizens Bank will help Nepalese community in Doha to open accounts in Nepal to facilitate banking needs in their home country.
11/16/2017
Uncertainty looms After Saudi crown Prince’s Purge
The Arrest Of Prince Miteb Bin Abdullah, Signals Further Strain On The Enormous Tensions Within The Royal Family
11/16/2017
Kuwait Could Create Financial Stability Committee – IMF
Central Bank Working Hard To Balance The Need To Promote Credit Growth
11/16/2017
Turkish regulator asks Hariri-linked firm’s creditors to not classify debt as non-performing
The BDDK’s request marks an attempt to stem the fall-out from Dubai-based Oger’s Telecom’s widening debt problem.
11/16/2017
Trading accounts frozen in ongoing Saudi round-up
The fishing expedition will be extended to Swiss banks very soon.