06/24/2014
Qatar’s 2010 Law established a comprehensive framework for AML/CFT supervision and enforcement covering the entire range of business sectors (financial and other) at risk to money laundering and terrorism financing.
06/24/2014
Banks across the Gulf have been waiting for regulatory guidance on how debt instruments such as sukuk will be treated under Basel III
06/18/2014
The country's net foreign assets, swelled by high oil prices, are currently worth about $730 billion, and have been growing at an annual rate of about 9 percent.
06/17/2014
Fraudulent financial and banking practices are growing worldwide, posing a real threat to electronic financial dealings, said Talaat Hafiz, secretary general of the media and awareness committee for Saudi banks
06/16/2014
GFH Capital, the Dubai-based subsidiary of Bahrain's Gulf Finance House, is in the midst of a legal battle against its former deputy chief executive David Haigh who it accuses of embezzling $5 million from the company, it has been revealed.
06/16/2014
Kuwait's Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator's decision to monitor its Kuwait-listed shares, the investment firm said on Monday.
06/16/2014
Kuwait’s Capital Markets Authority has rejected an appeal by Bahrain-based Gulf Finance House against the regulator’s decision to monitor its Kuwait-listed shares
06/13/2014
Kuwait's government on Wednesday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by former senior officials, saying documents supporting the claims are fake.
06/13/2014
The new authority is intended as a "one-stop shop" for litigation and arbitration in the region.
06/12/2014
Kuwait’s government yesterday disputed allegations by the opposition that tens of billions of dollars were stolen from public funds by former senior officials, saying documents supporting the claims are fake.
06/12/2014
Legal authorities in Dubai are weighing criminal charges,
06/10/2014
High level of profitability support strong internal capital generation
06/10/2014
The agreement is also aimed at protecting the society from improper commercial practices, according to Saud Salim Al Akroubi, Head of International Relations at FCA.
06/09/2014
Financial Stability Report hints at regulatory overhaul to align local regulations with international best practice
06/09/2014
Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal
The legal action is linked to a Serious Fraud Office investigation into £322million of fees paid by Barclays
06/09/2014
Monitoring development in the UAE real estate markets and the banks’ exposure to it remains a core financial stability priority.
06/08/2014
The central bank of the United Arab Emirates plans to introduce new rules on liquidity and begin consulting with banks on a new capital regime which is in line with the Basel III framework in the second half of 2014, it said on Sunday.
06/06/2014
Another of the Qatari bid committee’s legal advisers, magic circle firm Clifford Chance, is not understood to be advising on the recent claims
05/29/2014
Its rules detail the treatment of subsidiaries when calculating a bank's capital adequacy requirements and explain the use of subordinated debt, which can count towards Tier 1 core or Tier 2 supplementary capital.
05/28/2014
The lawsuit, Arab Bank v. Linde, which was filed a decade ago, accuses Arab Bank