06/27/2018
The bill was approved by Finance Minister Nayef al-Hajraf, who, during the discussion of the bill, said that the move would preserve Kuwait's right as founder of the bank, which he described as "the third largest development bank in the world.&a
06/27/2018
households will receive a municipality fees bill each month, in addition to water and electricity bills.
06/26/2018
Ross McLellan, a former State Street executive in its transition management unit, now awaits the jury’s decision on charges of securities and wire fraud.
06/26/2018
The co-operation between the HKMA and the FSRA would strengthen the two authorities in their respective roles and initiatives in fintech.
06/25/2018
The new ADGM crypto framework instils proper governance, oversight and transparency over crypto asset activities
06/22/2018
It’s good news for homeowners and anyone with a credit card
06/22/2018
Al Zaabi said some companies in the UAE had exposure to Abraaj, without naming them
06/22/2018
What Iraq needed was twofold: support with several financings and refinancings, and an economic restructuring that would help plug its budget deficit.
06/21/2018
Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic join DIFC community
06/20/2018
Central Bank sets maximum limit on retail consumer-related banking services such as home loans, credit cards
06/20/2018
The widely-expected IPO of the country’s oil giant Aramco would likely see a doubling of the initial Saudi weighting
06/20/2018
The caps have been introduced as part of an amendment to 'Annexure 2' of the 'Regulations Regarding Bank Loans and Services Offered to Individual Customers (2011)', the report added.
06/20/2018
Berkshire Hathaway, State Street Global Advisors, and Maybank Islamic Set up operations
06/19/2018
UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and clearing services.
06/18/2018
Readers discuss the economy, Afghanistan and North Korea
06/18/2018
Planning Minister Hala al-Saeed said the bill gives the fund the authority to establish sub-funds and contribute in similar Arab funds.
06/17/2018
It is the latest in a series of reforms by Gulf nations to diversify their economies and boost growth, as many try to decrease their reliance on oil.
06/17/2018
Qatari regulations do not allow a bank to operate both types of lending, so IBQ would have had to convert its business to being Sharia-compliant should the deal have gone ahead.
06/15/2018
In short, higher finance rate will make properties more expensive for residents and foreign investors, while the higher cost of bank funding for projects will result in a corresponding price increase from the side of developers.
06/14/2018
Sharia law places strict guidelines on economic activity whereby value must be attributed to real, physical assets.