Turkey's Central Bank to adopt new auditing mechanism
Taking international standards into consideration, the government has established a new and more advanced audit mechanism under the control of…
Legal
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How these UAE ‘bankers’ cheat clients with magic pen, 0% credit card offers
Fraudsters have got their hands on what is known as 'magic pens' to cheat bank customers, the Sharjah Police have…
Foreign policy and opportunistic lawsuits
Navigating the shoals of foreign policy is hard at the best times, especially in the Middle East. It becomes…
Saudi Arabia Studies Issuing Three Banking Licenses, Establishing a Digital Currency
The Saudi Arabian Monetary Agency expected positive growth rates for the Saudi economy over the upcoming period, confirming that the…
DFSA Censures Finance Officer
The Dubai Financial Services Authority has censured Mr Prabhakar Kamath, a former Finance Officer of a DFSA Authorised Firm for…
Ex-Barclays banker Boath pay row set to restart
A London court case in which a senior investment banker is suing Barclays for unfair dismissal is due to resume…
Creditors tell High Court that Dana Gas sukuk get-out is "absurd"
A claim by Dana Gas that it does not have to pay back its Islamic bonds because they are no…
Saudi central bank suspends three currency exchange houses
Saudi Arabia's central bank said on Monday it had suspended three currency exchange houses - Halawani Bros, Al Amoudi and…
Winner of inaugural IFN Law Award for FinTech
Islamic Finance News has announced that international law firm Simmons & Simmons has been awarded the 2017 IFN Law Award…
Dubai’s Atlas Jewellery still struggling to resolve debt issues
Three banks are blocking a deal aimed at resolving the close to Dhs500m ($136.1m) debt troubles of Dubai-based Atlas Jewellery,…
Practices in the UAE financial sector ‘no longer tolerated’
Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions,…
Grant Thornton partner detained in Dubai
David Ingram, a partner in the insolvency and proceeds of crime team and a licensed insolvency practitioner at Grant Thornton…