05/19/2014
Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.
05/18/2014
The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further
05/16/2014
National Bank of Abu Dhabi only Gulf bank still transferring funds into and out of Sudan, says Arab League Economic Affairs unit secretary-general
05/15/2014
The scheme is part of a strategic plan for Qatar's financial sector developed by the country's three regulatory bodies, which they aim to implement by the year 2016.
05/12/2014
Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the Qatar Financial Centre over acts of "serious misconduct".
05/12/2014
The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported on Sunday. Officials at Barclays were not immediately available for comment Sunday afternoon. Bob Diamond and John Varley, b
05/09/2014
Administrators of a collapsed Bahraini bank have filed a $1.9 billion lawsuit against a Saudi conglomerate caught up in a global fight over massive debts.
05/08/2014
Bahrain's GFH appeals Kuwait market regulator monitoring
Kuwait's regulator noticed GFH stock traded in high volumes in May 2013, the Islamic investment firm said in a statement late on Wednesday. The company's shares are listed in both Bahrain and Kuwait.
05/07/2014
King & Spalding Recruits Finance Lawyeri to Its Saudi Practice
Al-Farisi is rejoining King & Spalding from Confluent Law Group, an Iraqi legal consultancy, where he was a managing partner.
05/02/2014
UAE strengthens enforcement against money laundering
The UAE has taken steps to clear up concerns about money laundering in the region with new rules clamping down on illicit financial flows.
05/01/2014
Baravarian of Beverly Hills, California, was an employee of the Israeli bank
04/30/2014
UAE regulator cuts minimum sukuk size, eases securities borrowing
UAE equity markets are expected to see more participation by foreign investors
04/30/2014
Banks affirm support for Credit Bureau after deadline
All UAE banks have affirmed their support to the launch of Al Etihad Credit Bureau as the deadline to submit data by banks to the bureau expires today, the UAE Banks Federation said on Wednesday.
04/29/2014
This MoU also touches upon cooperation in training and developing of performance of staff
04/27/2014
The Middle East needs to do more to reduce its vulnerability to financial crime by implementing tougher anti-money laundering regulation.
04/27/2014
The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way for raising more capital and their subsequent listing.
04/24/2014
More than four years on from a debt crisis that hampered their earnings, UAE banks have for the most part rebounded to stronger health.
04/22/2014
Al-Hashel noted that Kuwait’s foreign currency reserve has grown from KWD 5.1 billion in 2009 to KWD 8.3 billion
04/21/2014
NBAD is expected to start practicing this activity during the 3rd quarter of this year
04/21/2014
On Monday 14 April 2014, Ahmad Hamad Algosaibi & Brothers Company won two rulings in the Cayman Islands against ten companies created and controlled by Maan Al Sanea as the principal offshore component of the fraudulent scheme he operated from Saudi A