10/10/2016
Impact of IFRS 9 implementation likely to be minimal on GCC banks
New standards could free up reserves in many cases
Legal, Tax, Regulation & Compliance
10/10/2016
Dubai FDI updates UK businesses and investors on Dubai’s innovation-driven strategies
Dubai Investment Development Agency, an agency of the Department of Economic Development in Dubai, recently went on a mission to London, connecting with select investor groups, law firms and consultants, and updating them on the new opportunities and chan
10/10/2016
Bahrain to build 5,000 homes through housing bank
The project is due to meet the goals set out in the Government Action Plan.
10/07/2016
Egypt is experimenting with the IMF’s ideal reforms
The new government policies should include currency depreciation, a cut in fuel subsidies and the introduction of the Value-Added-Tax bill.
10/06/2016
Burgan Bank announces procedure for protection of bank’s clients
The client ends over the complaint, the bank representatives are to study the complaint per the approved work mechanism for handling client complaints.
10/05/2016
Credit Suisse in Talks for Full Saudi Arabia Banking License
Swiss bank in talks with SAMA to secure key banking license
10/05/2016
HSBC rules out rumors about exiting the Turkish market
He also said Turkey’s banking sector remained solid, especially with regards to its human capital, while also offering products, fundamentals and capital adequacy.
10/04/2016
Al Tayer to hold meetings with IMF, WB
The meetings are part of a visit by a UAE delegation, headed by Al Tayer, to Washington DC to attend the annual meeting of the WB and IMF
10/04/2016
Saudi banks told to reschedule loans of clients hit by cuts
The step was part of efforts to reduce pressure on borrowers whose income was cut by government’s measures
10/03/2016
Turkish Consumer Loan and Credit Card Use Restrictions Relaxed
The consumer loan maturity limit applicable to banks and other financial institutions is now 48 months, up from a 36-month limit.
10/03/2016
Qatari funds nurse €1bn loss on Deutsche Bank stake
The Qataris were among a group of investors that Deutsche tapped for €8.5bn to bolster its balance sheet
10/03/2016
Saudi c.bank orders rescheduling of consumer loans hit by austerity
About two thirds of working Saudis are in the public sector and many obtain as much as 30 percent of their income from such allowances.
10/03/2016
UAE decree to ensure wages are paid on time comes into force
The decree fairly contributes towards labour market stability as it safeguards employees while keeping business owners’ interests
09/30/2016
Yemen’s new central bank governor says inherited ‘bank empty of money’
We decided to move the central bank to the interim capital, Aden, in order to save what we could save so that the bank would not reach zero reserves
09/30/2016
Saudi Arabia calls on US to 'correct' 9/11 legislation
A Saudi foreign ministry official hopes wisdom will prevail in Congress to amend the Justice Against Sponsors of Terrorism Act
09/29/2016
EastNets to Tackle Unconventional Financial Crime Risk Mitigation at Sibos 2016 in Geneva
Our interactive open theatre presentation will allow for an exchange of vital information among industry leaders, policy makers, and stakeholders necessary to keep everyone in the industry on their toes.
09/28/2016
DFSA Strengthens Regional Regulatory Co-operation
The JSC was established as an autonomous public institution in 1997 to develop, regulate, and monitor Jordan’s securities market and capital market institutions.
09/28/2016
Saudi bank shares rally on SAMA’s monetary action
Analysts believe the central bank’s decision offers a temporary reprieve but more ought to be done to sustain a rally.
09/28/2016
Saudi Arabia Megabond Said at Risk of 9/11 Legislation Delay
Senate leaders in both parties said Tuesday they expect the vote to succeed, though Congress has yet to override a veto by Obama.
09/27/2016
Banking business models getting redefined through financial inclusion and re- regulation
Globalizaton, technology, consumerism and re- regulation were the key areas driving the change