Iran mulls building a ‘bank island’ to encourage global investors
Iran plans to build a financial centre on the island of Qeshm in the Straits of Hormuz. The aim is…
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Middle East focus: the Dubai International Financial Centre as a conduit jurisdiction
In DNB Bank ASA v. Gulf Eyadah Corporation and Gulf Navigation Holdings PJSC CA 007/2015, the Dubai International Financial Centre…
Quarter of Gulf investors won’t use properties abroad
A quarter of all Gulf investors buying property overseas are targeting “buy-to-leave" homes that they don’t intend to live in…
Bahrain keen on expanding ties with Russia
Bahrain is keen on enhancing its relations and cooperation with Russia in various areas, a senior official has said. …
QCB may postpone 100% loan-deposit compliance deadline amid liquidity shortfall issues: MDPS
Liquidity issues may force the Qatar Central Bank to postpone the deadline for compliance to 100% loan-to-deposit ratio by one…
BankDhofar Wins Best Retail Bank in Oman at The Banker Middle East Industry Awards 2016
In recognition of its remarkable drive to boost the financial sector in the Sultanate through innovative products and best-in-class banking…
CBB Sukuk Al-Salam Securities Subscribed
The Central Bank of Bahrain announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been subscribed by…
Al Baraka Islamic Bank’s ratings affirmed with a ‘stable’ outlook
The rating is supported by AIB’s strong ownership, comfortable liquidity arising from customer deposit funding, and improvements in the capital…
ADIB Named UAE Islamic Bank of the Year by The Banker for second consecutive year
Abu Dhabi Islamic Bank, a leading financial institution, has been named "Islamic Bank of the Year - UAE 2016" for…
Fitch affirms ratings of five Omani banks; outlooks revised to negative
Fitch Ratings has affirmed Bank Muscat's long-term issuer default rating at BBB+ and National Bank of Oman's, BankDhofar's, Bank Sohar's…
BNP Paribas Middle East COO leaves amid global retrenchment
The Middle East COO of BNP Paribas has left his post amid a huge restructuring at the French bank that…
Deloitte banned from audit work for two years by Saudi Arabia’s market regulator
Saudi Arabia’s market regulator said it had barred the local unit of New York accountancy firm Deloitte & Touche from…