03/17/2016
The decision could reflect positively on banks’ profits and spark a credit-induced economic growth; however, from a credit standpoint it entails relaxing one of SAMA’s proudly held safeguards against over -leverage.
03/17/2016
Mr Ryan’s business partner, Mohammed bin Abdulrahman al-Bisher, the Saudi Arabian ambassador to the United Arab Emirates, is suing him for the return of money he claims he paid into the businessman’s personal bank account.
03/17/2016
The MoU will also ensure that Ashghal is conducting regular meetings in collaboration with QDB to monitor the performance of the companies in accordance with the mechanism agreed upon by the two parties.
03/17/2016
Bank ‘has not engaged in any discussions’ on possible bid
03/16/2016
The change is part of a series of steps taken by the Saudi authorities in recent months to make financing more readily available for home purchases, as they seek to address complaints by a burgeoning population of young people over the kingdom's shor
03/16/2016
In PPPs, private investors take stakes in projects along with the government, bearing part of the risk and sharing profits.
03/16/2016
The firm further added, “ We consistently monitor all of the markets we serve to ensure that our practices are in alignment with client needs and the firm’s overall strategic goals.
03/15/2016
Islamic banking assets accounted for 7.4 per cent of the total banking sector at the end of 2015 and are forecast to reach 10-12 per cent within the next two years.
03/15/2016
Emirates Institute for Banking and Financial Studies hosted an interactive workshop on Basel III implementation strategies and associated challenges for more than 70 senior-level attendees from the UAE’s banking sector.
03/15/2016
Currency speculators have put pressure on the riyal in recent months because of the impact of lower oil prices on Saudi Arabia's fiscal balance, causing a projected large deficit this year.
03/15/2016
Said Eduardo Leemann, chief executive officer of Falcon Private Bank: “Our new DIFC licence will enable us to strengthen our local wealth management capabilities.”
03/15/2016
Sheikh Abdullah said the central bank had stepped up monitoring of liquidity in the system and had issued circulars to improve liquidity.
03/15/2016
The bond issuance was comprised of both a fixed and floating rate tranche with the fixed rate coupon at 6% and the floating rate coupon at 6.20%.
03/14/2016
The DIFC Courts are already an established conduit jurisdiction for the recognition and enforcement of arbitral awards, both foreign and domestic, so this decision means that they can treat foreign court orders in the same way for recognition and enforcem
03/14/2016
Abu Dhabi geared to become a global financial centre in line with Vision 2030
03/14/2016
The refinancing facilities were provided on a combined conventional and Islamic basis, with the two classes of financiers sharing the transaction security package.
03/13/2016
To boost the SME finance market, the CBE has announced a $25 billion stimulus package to fund over 3,50,000 SMEs in the next four years.
03/10/2016
The CMB has yet to take action in connection with the second default in the market but Borsa Istanbul has already delisted the issuer's debt securities.
03/09/2016
Most of Qatar's general revenues accrue from oil and gas exports which are priced in US dollars in international markets.
03/09/2016
Justice has been served in a systematic and procedural manner by the justices of the DIFC Courts