12/16/2016
GCC growth may tighten further while US is in rate-hike mode
Bahrain and Qatar also raised key interest rates yesterday, following the US Federal Reserve’s decision to raise short-term interest rates on Wednesday evening by 25bps to 0.75 per cent.
12/16/2016
The riyal and most other Gulf Arab currencies are pegged to the U.S. dollar.
12/15/2016
Kuwait central bank raises policy rate by 25 bps
The announcement came minutes after the U.S. Federal Reserve raised interest rates by a quarter point and signalled a faster pace of increases in 2017.
12/15/2016
Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct
The announcement came about half an hour after the U.S. Federal Reserve raised interest rates by a quarter percentage point and signalled a faster pace of increases in 2017.
12/15/2016
UAE Central Bank amends anti-money laundering rule
New rule strictly prohibits the opening of accounts with assumed names or numbers, among others
12/15/2016
Three Gulf c.banks hike rates to avert currency pressure after Fed move
Pressure on the currencies has eased in recent months as oil prices have begun to rebound and governments have cut spending to reduce their deficits.
12/14/2016
PTI raises questions about investments in Dubai real estate
Who is the chairman of the National Assembly Standing Committee on Industries and Production.
12/13/2016
Egyptian banking delegation visits Malaysia to learn about its experience in financing SMEs
The visit included several financial and non-financial institutions in Malaysia
12/13/2016
CBK to warn on delinquent proof-of-purchase for loans
The sources stressed that this move is based on the regulations of the banking industry to follow up the use of loans and update customers’ information.
12/12/2016
The Freeze of the Tunisian exiled leader’s asset was renewed for three additional years to end in January 2017.
12/09/2016
The Intermediate SPVs will only be available to entities that already have a substantive presence in the DIFC
12/09/2016
The Qatar Investment Authority is one of the biggest Glencore’s investors.
12/08/2016
Technology is supporting the outreach of formal financial services to the millions of otherwise unbanked customers
12/08/2016
The merger still requires approval from international regulators and the UAE market regulator
12/07/2016
Regulatory uncertainty over the registration of mutual funds
12/07/2016
Courts and practitioners may have to reconsider their assumptions about personal jurisdiction in future cases.
12/07/2016
He is also believed to have run a lucrative embezzlement and money-laundering racket which brought millions to his personal account
12/06/2016
During the event, Dr. Chris Chan, Associate Dean of Canada-based Ivey Business School shared some of the key findings of the institution that recently researched in the space of digital banking and fintech.
12/06/2016
SAMA, the bank's acronym, remains unchanged.
12/06/2016
KHCB continuously works toward strengthening the relationship with real estate providers in the Kingdom of Bahrain.