10/05/2017
SAMA to launch virtual riyal for banks
The Saudi Riyals banknotes currency will be dispensed and one Riyal category will be issued into coins instead in the next stage.
Legal, Tax, Regulation & Compliance
10/05/2017
Saudi Arabia Studies Issuing Three Banking Licenses, Establishing a Digital Currency
The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financia
10/04/2017
Saudi processing three applications for banking licences
Another central bank official said no more bank mergers were expected.
10/04/2017
DFSA Censures Finance Officer
Mr. Kamath also cooperated fully with the DFSA’s investigation.
10/04/2017
Government has enough reserves to support Qatari banks: Qatar central bank
QA completed a US$630 million Formosa bond issue in Taiwan.
10/02/2017
Saudi market regulator loosens asset management rules
An ambitious reform plan to diversify the Saudi economy beyond oil.
10/02/2017
UAE banks’ credit, deposit growth dips in August
Corporate credit growth remains positive with improving project awards
10/01/2017
World Bank to Triple Funding to Egypt to $US 1 Billion, Focus on Renewable Energy
IFC’s decision to expand funding to Egypt comes against the background of the country implementing a large-scale IMF economic reform program
10/01/2017
Resolving bank fraud a lengthy process for UAE customers
Two Abu Dhabi residents reveal the journey they took to secure a refund after being targeted by fraudsters
10/01/2017
GGICO signs debt restructuring with Creditors Dubai
“Driven by market conditions, we have obtained enough time until 2023 to dispose of our non-core assets in an organised and structured manner and to retire the debts. Subsequently, the company will focus on its core assets with very low leverage&
09/28/2017
Imminent Activation of Yemeni Outward Transfers via Domestic Banks
The first was represented in contacting the other party and second tackling all US concerns and responding to all remarks.
09/28/2017
Saudi Arabia's regulator set to ease share listing, M&A with new rules
Regulations will simplify the time taken to float a company in the kingdom
09/27/2017
Calypso lands IT overhaul deal with Invest AD
Calypso is a robust platform that we can leverage for more functionality in the future
09/27/2017
Ex-Barclays banker Boath pay row set to restart
The pay dispute is due to be heard at the East London employment tribunal on October 11-13, according to schedule details released on Wednesday.
09/26/2017
Creditors tell High Court that Dana Gas sukuk get-out is "absurd"
Mudarabah is a sukuk structure which resembles an investment management partnership.
09/26/2017
Dubai signs deal to create digital currency emCash
Emcredit, a subsidiary of Dubai Economy, and UK-based Object Tech Group Ltd will work together on new technology
09/26/2017
Emirates NBD calls on central bank to ease restrictions on mortgage lending
CEO says housing loans should be treated separately from wider exposure to property and construction sectors
09/25/2017
Central Bank says money supply drops 1.5% in July
Foreign assets were down in July by seven percent standing at KD 2.2 billion.
09/25/2017
Saudi central bank suspends three currency exchange houses
The three privately-held companies largely provide the ten million expat workers in Saudi Arabia for money transfers and currency exchange.
09/25/2017
Saudi Arabia hires banks for third international bond
Saudi Arabia could issue up to $10bn, banking sources said