10/03/2016
Saudi c.bank orders rescheduling of consumer loans hit by austerity
About two thirds of working Saudis are in the public sector and many obtain as much as 30 percent of their income from such allowances.
Legal, Tax, Regulation & Compliance
10/03/2016
UAE decree to ensure wages are paid on time comes into force
The decree fairly contributes towards labour market stability as it safeguards employees while keeping business owners’ interests
09/30/2016
Yemen’s new central bank governor says inherited ‘bank empty of money’
We decided to move the central bank to the interim capital, Aden, in order to save what we could save so that the bank would not reach zero reserves
09/30/2016
Saudi Arabia calls on US to 'correct' 9/11 legislation
A Saudi foreign ministry official hopes wisdom will prevail in Congress to amend the Justice Against Sponsors of Terrorism Act
09/29/2016
EastNets to Tackle Unconventional Financial Crime Risk Mitigation at Sibos 2016 in Geneva
Our interactive open theatre presentation will allow for an exchange of vital information among industry leaders, policy makers, and stakeholders necessary to keep everyone in the industry on their toes.
09/28/2016
DFSA Strengthens Regional Regulatory Co-operation
The JSC was established as an autonomous public institution in 1997 to develop, regulate, and monitor Jordan’s securities market and capital market institutions.
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.
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