Uncertain Future For GCC SMEs
With a $2.3 trillion in assets at the end of 2019, banks in the six-member Gulf Cooperation Council (GCC) would…
Regulation, Risk & Compliance
8934 articles found
Global sukuk issuances up 18% to reach $145.70bn in 2019
Global sukuk issuances rose 18 per cent to reach $145.70 billion (Dh535bn) in 2019 as the governments and private companies…
Private sector companies in Abu Dhabi restricted to 60% on-site workforce capacity
A maximum of 60 per cent of the workforce in the private sector is allowed to work on-site, according to…
Kuwait’s draft law on expat quotas to exempt domestic workers, those on government contracts
A draft law in Kuwait which seeks to impose an expat quota system in the country to help “rebalance its…
HSBC arranges first green export credit agency loan for Saudi ministry
Lender HSBC arranged a $258m export credit agency loan for Saudi Arabia’s Ministry of Finance. HSBC acted as a…
DFM appoints Hassan Al Serkal as Chief Executive Officer
Hassan Al Serkal: “looking forward to achieve DFM’s strategic objectives and strengthen its position amongst the leading financial markets” Dubai:…
DFSA alerts institutions to increased risk of cyberattacks
DFSA’s Cyber Threat Intelligence Platform (TIP) gaining more traction Since the Dubai Financial Services Authority launched the DFSA Cyber Threat…
UAE residents warned against divulging bank details, personal information to random callers
Have you received a call from someone claiming to be a bank representative and asking you for your personal information?…
IMF may give Lebanon a smaller funding relief than it actually needs
Lebanon may only count on the International Monetary Fund for as little as half the bailout it had originally sought…
Moody’s affirms Barwa Bank’s credit rating at ‘A2/Prime-1’ with ‘stable’ outlook
Barwa Bank announced that Moody’s, the global credit rating agency, has affirmed its long-term credit rating at ‘A2/Prime-1’, with a…
World’s Best Sub-Custodian Banks 2020
The only way a global custodian can be truly global is by relying on subcustodian banks in markets where it…
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
David Haigh, the former executive of Bahrain’s GFH Financial Group and a convicted fraudster, has been told he faces jail…