09/28/2016
Saudi bank shares rally on SAMA’s monetary action
Analysts believe the central bank’s decision offers a temporary reprieve but more ought to be done to sustain a rally.
Legal, Tax, Regulation & Compliance
09/28/2016
Saudi Arabia Megabond Said at Risk of 9/11 Legislation Delay
Senate leaders in both parties said Tuesday they expect the vote to succeed, though Congress has yet to override a veto by Obama.
09/27/2016
Banking business models getting redefined through financial inclusion and re- regulation
Globalizaton, technology, consumerism and re- regulation were the key areas driving the change
09/26/2016
Simmons & Simmons Wins Asset Management & Funds
We are at the cutting edge of this growing market and have helped our clients to develop many new and innovative solutions.
09/26/2016
Saudi Arabia Injects $5.3 Billion in Bank System Amid Crunch
The plunge in oil prices over the past two years forced the government to draw down on its deposits in the banking system, squeezing domestic liquidity.
09/26/2016
Egypt's banking sector needs new policies to thrive: Booz Allen Hamilton
Tightened liquidity has increased competition in Egypt.
09/26/2016
DFSA Fines Clements Limited
The DFSA also notes that CDL voluntarily appointed a new Senior Executive Officer, and Compliance and Money Laundering Reporting Officer.
09/23/2016
Egypt Central Bank Unexpectedly Keeps Interest Rates Unchanged
Inflation accelerated to 15.5 percent in August, and economists expect prices to rise even faster as the new measures take effect.
09/22/2016
Morocco's Credit Agricole gets government approval for Islamic bank
The two partners will inject 200 million dirhams of capital into the offshoot before doubling it to 400 million later.
09/22/2016
The Middle East and the New Silk Road
How will the Gulf Cooperation Council states respond to it?
09/22/2016
UAE lender UNB mandates banks ahead of potential bond issue
The investor meetings would take place in Asia, the Middle East and Europe and will start shortly, it added.
09/22/2016
Longer visas for Dubai property investors will boost market – experts
Issuing such visas will encourage a retirement market in Dubai
09/21/2016
Keeping up with constant change
New capital reforms that will increase the quality and level of required capital and build buffers outside stress periods that can be drawn upon if losses are incurred.
09/21/2016
The UAE stresses need to combat money laundering
A concerted global approach is needed to fight the threat, the central bank governor says
09/20/2016
UAE banks bail out 1,700 SMEs and corporations with Dh7 billion in loans restructured
The executive’s comments came after a meeting of the heads of the 49 banks that are members of the federation.
09/20/2016
Cabinet praises royal visits, hails Government Forum outcomes
The Prime Minister directed to build on the outcomes of the Government Forum to develop the government performance through supporting the work of departments at the service and investment levels.
09/20/2016
UBF welcomes Bankruptcy Law
Advisory Council of the UAE Banks Federation welcomed the recent approval of a UAE bankruptcy law
09/20/2016
Bahrain Institute of Banking and Finance celebrates International Diploma and Undergraduate Programs graduation
BIBF Director Solveig Nicklos addressed the graduates at the ceremony encouraging them to use the theoretical and applied skills gained to grow strong professional careers
09/20/2016
Israeli Court Upholds FATCA Law
The alternative to privacy is criminal acts of every kind.
09/19/2016
Development Bank to be restructured with $1B capital
Referring to the fact that most of the development and investment banks in Turkey focus their activities on developed regions