04/06/2016
Oman’s central bank has increased the maximum amount of government securities which banks can hold to 45 percent of their net worth from 30 percent, central bank and commercial banking sources said.
04/06/2016
The sources noted the importance of the upcoming negotiations as the last chance to save the company from collapse.
04/05/2016
This auction it's not a necessity, it's for the banks' sake
04/05/2016
Hidden offshore dealings in assets of about 140 political figures, including 12 current or former heads of states, are revealed
04/05/2016
This loan will be in dinars and dollars, and its value will be according to market ability and liquidity available at banks, said the sources
04/04/2016
Abu Dhabi Islamic Bank has presented its outlook on the regional and global investment climate to its top private banking clients at a number of events in Abu Dhabi, Dubai and Al Ain, held by invitation only. Senior ADIB executives from ADIB’s Priva
04/01/2016
The bank declined to elaborate.
04/01/2016
The Financial Stability Board, which met in Tokyo on Thursday, has agreed on a framework for categorizing different components of fintech and assessing their potential risks.
03/31/2016
The GCC’s governments have enough levers to pull to avoid an economic crisis despite the plunge in oil prices, which has resulted in lower government revenues and a strain on federal budgets.
03/31/2016
Israel will have one of the world's toughest curbs on bankers' pay after the government unanimously passed the relevant legislation.
03/31/2016
If the government indeed relinquishes control of these stakes, it would be great news, further pushing it out of an activity it had no business entering in the first place.
03/30/2016
This reputable program offers visa-free travel to over 120 countries including the UK & Schengen.
03/30/2016
Banks have been hit by a spate of defaults, especially from traders of foodstuffs and oil
03/30/2016
Companies applying for trade licences in Abu Dhabi may need to provide more information under plans that are being considered.
03/29/2016
The initiative, which involves businesses working with lenders to restructure their loans, is intended to give breathing space to SMEs, which contribute around 60 percent of UAE's gross domestic product.
03/28/2016
Governor Tarek Amer said on Saturday that devaluing the Egyptian pound had attracted foreign investment worth $500 million in treasury bills and that he had pumped $22 billion into the banking system to clear goods piled at ports.
03/28/2016
The workshop is organised as part of capacity building initiatives to improve the skills and the capabilities of the staff of Islamic banks and windows operating in the Sultanate and the supervisory departments of the CBO, according to a CBO release.
03/28/2016
The first-of-its-kind initiative in UAE comprises a new mechanism (called the "modus operandi") to sustain indebted companies which meet specific qualifying criteria.
03/27/2016
Adopting a localised version of the FIDIC contracts will encourage parties to review and negotiate the terms. It should provide contractors with more comfort regarding their contractual rights and their risk profile." However Jones also noted that sp
03/24/2016
He is seeking an order under the Data Protection Act to force the bank to turn over any information it has that it relied on in its decision to sever its relationship with the 76-year-old Monaco resident and Conservative party donor.