OECD launches Action Plan on Base Erosion and Profit Shifting
National tax laws have not kept pace with the globalisation of corporations and the digital economy, leaving gaps that can…
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Thomson Reuters and ADIB launch global awards for ethical and Islamic finance innovation
Abu Dhabi Islamic Bank, in partnership with Thomson Reuters, announced the launch of global awards to recognize and…
NBAD Launches1 billion euro French CD Program
The National Bank of Abu Dhabi-Paris has launched a 1 billion euro French Certificate of Deposit program which offers greater…
Wealth management platforms continue to evolve
Over the past year, Celent has witnessed an evolution in how the wealth management platform is defined. There is an…
Two Arab Bank Group Entities Cut To 'BB+/B'
We believe industry risks for Jordanian banks have increased due to deteriorating sovereign creditworthiness. Arab Bank Group is facing more…
UAE Billionaire NRI buys Indian Bank Stake
UAE-based Indian businessman M A Yousuf Ali has increased his presence in the Indian banking sector by purchasing a 4.47…
FINMA signed cooperation arrangements with 28 EU and EEA states
The Swiss Financial Market Supervisory Authority FINMA has signed cooperation arrangements with 28 EU and EEA member states. Those…
Survey Finds Investors Still Confident In Global Growth Despite China Doubts – BofA Merrill Lynch
Global investors remain confident in the outlook for economic growth despite their sharply decreased growth expectations for China, according to…
Bahrain Islamic Bank realizes net profit for Q2-2013
Mr. Abdul Razak Abdulla Al-Qassim -Chairman of the Board of Directors announced that the Board has approved the Financial…
Bank Nizwa, first Islamic Bank in Oman wins Customer service Excellence Award
Bank Nizwa , Oman's first Islamic bank, won the top award for 'Best Customer Service in the Banking Sector'…
UAE banks seek five years to comply with large exposure rule
Banks in the UAE have proposed the UAE Central Bank to exclude marketable bonds and sukuks from the upcoming new…
Bank Dhofar Considers Merger to Create $10 Billion Omani Lender
Oman's Bank Dhofar has approached smaller peer Bank Sohar with a view to merging to create Oman's second-largest bank, Dhofar…