09/22/2016
The Middle East and the New Silk Road
How will the Gulf Cooperation Council states respond to it?
Legal, Tax, Regulation & Compliance
09/22/2016
UAE lender UNB mandates banks ahead of potential bond issue
The investor meetings would take place in Asia, the Middle East and Europe and will start shortly, it added.
09/22/2016
Longer visas for Dubai property investors will boost market – experts
Issuing such visas will encourage a retirement market in Dubai
09/21/2016
Keeping up with constant change
New capital reforms that will increase the quality and level of required capital and build buffers outside stress periods that can be drawn upon if losses are incurred.
09/21/2016
The UAE stresses need to combat money laundering
A concerted global approach is needed to fight the threat, the central bank governor says
09/20/2016
UAE banks bail out 1,700 SMEs and corporations with Dh7 billion in loans restructured
The executive’s comments came after a meeting of the heads of the 49 banks that are members of the federation.
09/20/2016
Cabinet praises royal visits, hails Government Forum outcomes
The Prime Minister directed to build on the outcomes of the Government Forum to develop the government performance through supporting the work of departments at the service and investment levels.
09/20/2016
UBF welcomes Bankruptcy Law
Advisory Council of the UAE Banks Federation welcomed the recent approval of a UAE bankruptcy law
09/20/2016
Bahrain Institute of Banking and Finance celebrates International Diploma and Undergraduate Programs graduation
BIBF Director Solveig Nicklos addressed the graduates at the ceremony encouraging them to use the theoretical and applied skills gained to grow strong professional careers
09/20/2016
Israeli Court Upholds FATCA Law
The alternative to privacy is criminal acts of every kind.
09/19/2016
Development Bank to be restructured with $1B capital
Referring to the fact that most of the development and investment banks in Turkey focus their activities on developed regions
09/19/2016
Qatar central bank offers bonds in second riyal sale in 2016
The central bank only issued its first domestic bonds this year it sold conventional and Islamic government bonds
09/19/2016
Qatar second in WB’s GCC Logistics Performance Index
The UAE is in the top among the GCC countries with 13th rank while Oman is on 48th and Saudi Arabia on 52nd rank.
09/19/2016
Egypt needs regulations to become more business-friendly: IFC regional director
The IFC invested a total of $352m in 7 projects across Egypt’s banking, manufacturing, infrastructure, and hospitality sectors.
09/15/2016
ADGM FSRA Issues Scam Alert About Rothschild Gulf Investment
RGIB has not been granted a Financial Services Permission as an Authorised Person or be an Exempt Person and is not an entity with any presence both legally and physically with ADGM.
09/15/2016
Guernsey regulator signs MoU with Abu Dhabi counterpart
Zoë Cousens, Guernsey Finance’s Middle East representative, who was present at the signing ceremony along with Chief Executive Dominic Wheatley, said the MoU would aid her work in the region.
09/13/2016
SBP moves to boost Islamic finance
State Bank of Pakistan aimed at boosting Islamic finance
09/12/2016
Iran asks France to remove obstacles in banking ties
The Iranian bank governor, for his part, underscored the vitality of boosting bilateral banking relations and called such ties the prerequisite for enhancement of mutual economic cooperation.
09/12/2016
KFH inks housing deal with Bahraini developer
Mazaya is a social housing finance scheme between the Housing Ministry and KFH-Bahrain to offer loans subsidised by the government.
09/12/2016
Withdrawal of CBRs by foreign lenders weigh on Arab banks
It found that the number of accounts being closed appeared to be increasing, with 63% of the participant banks reporting the closure of CBR accounts in 2015 against 33% in 2012.