12/19/2014
The three prominent Islamic banks, Islamic International Arab Bank, Al Baraka Banking Group, and Bank of Khartoum, showed that they currently have sufficient levels of capital, far beyond what is required under Basel III.
12/18/2014
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE’s Vice President and Prime Minister and Ruler of Dubai, has emphasised that the UAE’s financial plans and monetary policies are part of an all-encompassing national economic vision that i
12/18/2014
Muscat - Islamic banking in Oman is expected to grow at double-digit rates as Sharia-compliant banking products increasingly gain acceptance and the government's plans to ease restrictions come to fruition.
12/17/2014
Serbia's central bank has issued an operating licence to Mirabank, a unit of the United Arab Emirates-based Royal Group conglomerate, the central bank said in a statement on Tuesday.
12/16/2014
Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.
12/16/2014
A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves by officials have any genuine impact.
12/15/2014
The implementation of Basel III rules has created several challenges to Islamic financial institutions (IFIs) especially with regards to capital adequacy and liquidity requirements
12/14/2014
Dubai International Financial Centre (DIFC) Authority announced today that His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted the Netting Law, DIFC Law No. 2 of 2014.
12/11/2014
The new standard is compulsory for banks and other organisations reporting under IFRS for annual periods beginning on or after January 1, 2018.
12/10/2014
The new office will be led by Managing Partner, Abdulla Galadari
12/10/2014
Abu Dhabi Global Market today announced that its Pre-Open Market Consultation is underway and that ADGM has formed an expert panel of 16 international financial institutions to support the development of the draft regulatory framework
12/10/2014
Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to operate there, after appointing a panel of 16 institutions to advise on its regulatory framework
12/10/2014
The Dubai Financial Services Authority has hosted a delegation of government, financial and business leaders from Hong Kong.
12/09/2014
Malaysia is forecast to have more billionaires in 2018 at 20 than the United Arab Emirates with 19, according to a new white paper from the London-based WealthInsight Intelligence Center.
12/09/2014
Bank of Sharjah plans to refinance a $200 million two-year loan maturing next year, said the lender's executive director, as the United Arab Emirates bank hopes to benefit from lower borrowing costs.
12/09/2014
The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares
12/08/2014
Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus session on Basel III and Islamic banks during the 21st World Islamic Banking Conference
12/08/2014
Law firm Eversheds has won Law Firm of Year at the Middle East Solar Industry Association’s annual solar awards presentation.
12/05/2014
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will consolidate dramatically as the smaller players struggle to meet strict new requirements.
12/05/2014
Banks also falsified the documents of the money’s destination