09/18/2015
The US-based daily reported Abu Dhabi officials are questioning a further US$993 million that 1MDB said it has paid IPIC, but which WSJ’s sources say are undocumented.
09/18/2015
Barclays banker in Qatar deal sues over pay
A senior Barclays investment banker, who sources say is one of four people being investigated by Britain’s financial watchdog over a 2008 fundraising involving Middle East investors, is suing the bank in a dispute about pay.
09/17/2015
Global Banking and Finance Review specializes in the area of banking and financial services, covering key developments around the world.
09/15/2015
Qatar is granting licences to GCC banks on the condition that they would introduce innovative and non-conventional products and services to help improve the local market.
09/14/2015
Once approval is granted, they are expected to meet the necessary requirements, complete the paperwork and begin their operations by early next year — sometime by the first quarter.
09/14/2015
Credit reporting systems in the Arab Region still have a significant opportunity for improvement
09/11/2015
Qatar already has a relatively large number of banks - around 18 - servicing a small population.
09/10/2015
Usually in the GCC, whose six members are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, banking licences are given to lenders on a reciprocal basis
09/10/2015
AHAB's submission today corroborates the findings of these prior investigations and it directly refutes the case filed by the TIBC Administrator.
09/10/2015
The Gulf emirate’s International Petroleum Investment Company is trying to get to the bottom of an apparent $1.4bn mismatch in its dealings with 1Malaysia Development Berhad.
09/06/2015
Israeli banks named in Australian tax evasion affair
Binetter has been indicted on charges of tax evasion
09/04/2015
DIFC aims to host 100 Indian firms as a part of long-term strategy
Dubai International Financial Centre concluded its week long engagement with leading business decision makers from India’s banks, insurers, law firms, asset and wealth management companies in the country’s commercial capital Mumbai today.
09/03/2015
DIFC wants to double number of Indian banks it hosts
It is part of a broader plan to increase the presence of Indian companies based there.
09/01/2015
Global specialist law firm announces association in KSA
"With the liberalization of the capital markets in Saudi Arabia, we are delighted that the association with Hassan and his team will allow us to participate in the growth and development of this market," Abousleiman said.
09/01/2015
Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre
09/01/2015
This means that the two large banks will be required to sell the ownership of their credit card companies
08/31/2015
The increase in lending will be welcome for banks in the region, where the oil slump threatens to clip economic growth
08/31/2015
Banks firm on planning a strategy to recover a total of Dh550 million owed to them by the group
08/30/2015
Terry has detailed knowledge of the Kuwait market, having spent a number of years as the Senior Legal Advisor at Kuwait Petroleum Corporation.
08/30/2015
The meeting addressed aspects of joint cooperation aimed at building the capacities of women in the financial and banking sector