10/10/2019
UAE central bank sets early exit fee limit for mortgages
The apex bank said in a circular that borrowers who had already paid 3 per cent settlement fee can get the refund from their banks within 30 days
Legal, Tax, Regulation & Compliance
10/09/2019
China Could Be the Big Winner of Saudi Arabia’s Race to Become a Tech Hub
Beijing is a natural partner to fast and cheap development, but Riyadh should be wary of alienating its allies.
10/09/2019
Al Rayan Bank’s ex-CEO takes legal action to clear his name and reputation
Although the article does indeed confirm that Mr Choudhury was not the one who supposedly comments on “female genital mutation”, the placement of his picture, as viewed by those without a subscription, strongly implied otherwise.
10/09/2019
CBK’s conditional approval for KFH acquisition of AUB
The agreement comes with a number of technical and legal provisos to ensure that the procedure is transparent and adheres to Islamic principles, Dr Mohammad Al-Hashel said in a statement.
10/09/2019
Dubai Silicon Oasis signs MoU with Mashreq Bank on the sidelines of GITEX
Dubai Silicon Oasis Authority Announces Collaboration with Mashreq Bank as a Strategic Partner for Dubai Technology Entrepreneur Campus
10/09/2019
Saudi central bank vets local lenders ahead of Aramco IPO: sources
The Saudi Arabian Monetary Authority, or SAMA, contacted Saudi banks last week, asking them a series of questions about their lending exposure to Aramco, two of the sources said.
10/09/2019
Bank Nizwa CEO: Compliance with Sharia is key to make Islamic Finance mainstream in Oman
Speaking at the Shura 8th Sharia Audit Conference
10/09/2019
Saudi Amends Requirements to Open Bank Accounts for Foreign Companies
These amendments come in line with SAMA’s supervisory role in overseeing banks operating in the Kingdom.
10/09/2019
UAE lifts Lebanon travel ban: Beirut seeks support for ailing economy
Hariri hoping for cash injection for central bank
10/09/2019
Watch out! That SMS from bank in UAE could be fake
The police have arrested some of the members behind these organised gangs.
10/08/2019
Sohar International and EFG International ink pact
EFG International operates in around 40 locations worldwide, with a network spanning Europe, Asia Pacific, the Americas and the Middle East.
10/08/2019
Top Barclays bankers set for trial over Qatar payments
John Varley, the former chief executive of Barclays bank, was initially named in the investigation, but was later acquitted.
10/08/2019
Public warned against fraudulent bank messages
Alert comes in the wake of several complaints
10/08/2019
WIBC announces landmark 26th edition in strategic partnership with the Central Bank of Bahrain
Over 1000 global industry powerhouses, policy makers, innovators and key stakeholders will converge for the three-day long forum
10/08/2019
UBF's CEOs Advisory Council places high priority on Emiratisation and evaluates transformation of banking sector
Members of council attended meeting to discuss key opportunities and challenges in rapidly changing banking industry
10/08/2019
Abu Dhabi's Aldar hires banks for dollar sukuk
Aldar, 37.3% indirectly owned by Abu Dhabi’s sovereign wealth fund Mubadala, has mandated a group of banks including Dubai Islamic Bank, First Abu Dhabi Bank, HSBC and Standard Chartered to lead the potential deal.
10/07/2019
Abu Dhabi Issues $10 Billion Multi-tranche Bonds
Jassem Mohamed Bu Ataba AlZaabi, the Chairman of the Department of Finance Abu Dhabi, said: "The success of the issuance is a testament of investor confidence in the Government of Emirate of Abu Dhabi’s economic and political stability and the
10/07/2019
CBK Governor: GCC central banks seek to enhance liquidity predictability
These economies are also characterized with free internal and external money movement
10/07/2019
Switzerland and the UAE removed from EU tax haven lists
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
10/07/2019
Former Barclays executives set for fraud trial over Qatar rescue
Varley was acquitted when a judge ruled that the evidence against him was insufficient for the case to proceed