05/15/2014
Qatar eyes deposit insurance as part of financial reforms
The scheme is part of a strategic plan for Qatar's financial sector developed by the country's three regulatory bodies, which they aim to implement by the year 2016.
Legal, Tax, Regulation & Compliance
05/12/2014
Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".
05/12/2014
UK fraud office steps up probe into Barclays over Qatar: FT
The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported on Sunday. Officials at Barclays were not immediately available for comment Sunday afternoon. Bob Diamond and John Varley, b
05/09/2014
Bahrain: New $1.9bn claim in bank collapse
Administrators of a collapsed Bahraini bank have filed a $1.9 billion lawsuit against a Saudi conglomerate caught up in a global fight over massive debts.
05/08/2014
Bahrain's GFH appeals Kuwait market regulator monitoring
Kuwait's regulator noticed GFH stock traded in high volumes in May 2013, the Islamic investment firm said in a statement late on Wednesday. The company's shares are listed in both Bahrain and Kuwait.
05/07/2014
King & Spalding Recruits Finance Lawyeri to Its Saudi Practice
Al-Farisi is rejoining King & Spalding from Confluent Law Group, an Iraqi legal consultancy, where he was a managing partner.
05/02/2014
UAE strengthens enforcement against money laundering
The UAE has taken steps to clear up concerns about money laundering in the region with new rules clamping down on illicit financial flows.
05/01/2014
Ex-Mizrahi Banker Said to Be Indicted in U.S. Tax Fraud Case
Baravarian of Beverly Hills, California, was an employee of the Israeli bank
04/30/2014
UAE regulator cuts minimum sukuk size, eases securities borrowing
UAE equity markets are expected to see more participation by foreign investors
04/30/2014
Banks affirm support for Credit Bureau after deadline
All UAE banks have affirmed their support to the launch of Al Etihad Credit Bureau as the deadline to submit data by banks to the bureau expires today, the UAE Banks Federation said on Wednesday.
04/29/2014
UAE Central Bank inks MoU with Abu Dhabi Global Market
This MoU also touches upon cooperation in training and developing of performance of staff
04/27/2014
Middle East Urged To Do More To Fight Financial Crime
The Middle East needs to do more to reduce its vulnerability to financial crime by implementing tougher anti-money laundering regulation.
04/27/2014
SCA board okays rules on sukuk, bondsa
The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way for raising more capital and their subsequent listing.
04/24/2014
Four years later, lenders are sitting pretty
More than four years on from a debt crisis that hampered their earnings, UAE banks have for the most part rebounded to stronger health.
04/22/2014
Kuwait's Central Banker calls for legislation on Government Sukuk
Al-Hashel noted that Kuwait’s foreign currency reserve has grown from KWD 5.1 billion in 2009 to KWD 8.3 billion
04/21/2014
SCA issues first market-maker licence to NBAD
NBAD is expected to start practicing this activity during the 3rd quarter of this year
04/21/2014
AHAB Wins Two Rulings In Cayman Against Maan Al Sanea's Companies; Case Will Proceed to Trial
On Monday 14 April 2014, Ahmad Hamad Algosaibi & Brothers Company won two rulings in the Cayman Islands against ten companies created and controlled by Maan Al Sanea as the principal offshore component of the fraudulent scheme he operated from Saudi A
04/16/2014
Bahrain banks ready for Basel III in 2015 - CBB Governor
Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year
04/16/2014
KIB completes requirements to enforce FATCA –chairman
KIB CEO Luay Maqamas said that the bank would inform its customer base from now and in the near future
04/16/2014
Bahraini banks to adopt Basel III standards
Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year, the governor of the Central Bank of Bahrain aid.