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UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank

Regulation, Risk & Compliance

UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank

July 9, 2019

The UAE Banking system remains sound with sufficient capitalisation and liquidity reserves, solid financial performance and high operating efficiency, according…

Is the UAE financial system FATF-ready?

Regulation, Risk & Compliance

Is the UAE financial system FATF-ready?

July 9, 2019

The UAE’s financial system is under the magnifying glass with the Financial Action Task Force’s mutual evaluation process scheduled for…

The UAE Introduces Mandatory Country By Country Reporting

Regulation, Risk & Compliance

The UAE Introduces Mandatory Country By Country Reporting

July 9, 2019

UAE has published Cabinet Resolution 32, the introduction of new country by country reporting obligations that multinationals will be required…

Middle East managing director to leave Friends Provident Intl

Executive Moves

Middle East managing director to leave Friends Provident Intl

July 9, 2019

Chris Divito is to depart Friends Provident International on 31 July 2019 following a reorganisation of the UAE business, just…

Geopolitical risk could see GCC banks require sovereign support

Comment & Analysis

Geopolitical risk could see GCC banks require sovereign support

July 9, 2019

In the event of a sharp escalation in regional geopolitical tensions, the GCC banks may need sovereign support, according to…

Doha Bank announces QR5,000 cashback on loans

Regulation, Risk & Compliance

Doha Bank announces QR5,000 cashback on loans

July 9, 2019

Doha Bank has announced an exclusive cashback offer on personal loans, “highlighting its commitment to providing best-in-market personal finance solutions…

QCB's foreign exchange reserves rise to $52.7bn in May: QNB

Financial Results

QCB's foreign exchange reserves rise to $52.7bn in May: QNB

July 9, 2019

Qatar Central Bank’s foreign exchange reserves have risen to $52.7bn in May, QNB said in its latest ‘Qatar Monthly Monitor’.…

All eyes on World Future Energy Summit 2020 in UAE capital

Hedge Funds & Alternative Investments

All eyes on World Future Energy Summit 2020 in UAE capital

July 9, 2019

The World Future Energy Summit, will host an unrivalled gathering of top-level government and business leaders when it returns to…

QIB wins “Best Islamic Bank in Qatar” award

Awards and Recognition

QIB wins “Best Islamic Bank in Qatar” award

July 9, 2019

Qatar Islamic Bank has bagged the “Best Islamic Bank in Qatar” at the 2019 edition of World Union of Arab…

Ebdaa Bank promotes one of its disabled employees as branch manager

Executive Moves

Ebdaa Bank promotes one of its disabled employees as branch manager

July 9, 2019

Ebdaa Bank for Microfinance has announced the appointment of Mr. Mohammed Fouad Al-Haddad, as its new Hamad Town branch manager.…

Top 10 biggest companies in the Middle East & Africa

Awards and Recognition

Top 10 biggest companies in the Middle East & Africa

July 9, 2019

10. National Commercial Bank The National Commercial Bank also known as AlAhli Bank, specialises in retail and corporate banking,…

UAE acts for transparency in tax, financial reporting

Regulation, Risk & Compliance

UAE acts for transparency in tax, financial reporting

July 8, 2019

What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms? The UAE Cabinet recently…

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