Dubai’s ICD faces ‘adjustment’ in wake of pandemic downturn
The Investment Corporation of Dubai (ICD), the sovereign wealth fund that holds some of the emirate’s most valuable assets, is…
Regulation, Risk & Compliance
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GCC banks consolidation drive to continue in 2020, says KPMG
Lenders in the GCC have been rapidly consolidating as they seek to remain competitive, KPMG said and noted the drive…
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Fiscal Nightmare Ties Up Kuwait’s Stimulus With 40% Deficit
Crisis economics gets complicated when the budget deficit could be equivalent to two-fifths of a nation’s entire output. It’s…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
The global rating agency Moody’s has affirmed QIIB ‘s rating at ‘A2’ with a stable outlook, QIIB announced yesterday. …
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Fitch Ratings-London/Dubai-19 May 2020: Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in…
Egypt says proposed standby funding from IMF aimed at helping businesses
Egypt’s talks with the IMF about a standby loan to help it through the coronavirus pandemic will focus on structural…
Qatar Central Bank announces Eid Al Fitr holiday
Qatar Central Bank announced Tuesday that the Eid Al Fitr holiday for the current year for all financial institutions in…
New banking regulations threaten press freedom in Turkey
The Turkish media have come under increasing pressure in recent years as dozens of journalists remain behind bars and the…
BNP Paribas’ FX Prime Brokerage Unit Halts Turkish Lira Trades
BNP Paribas has reportedly decided to suspend Turkish lira transactions over its FX prime brokerage unit, Bloomberg reports. The decision…
Turkey exempts Euroclear, Clearstream from trade limit
Turkey’s banking watchdog on Wednesday gave exemptions to two foreign institutions -- Euroclear Bank and Clearstream Banking -- from its…
Turkish state owned Vakifbank obtains banking licence from Qatar
A Turkish state bank has obtained a licence to carry out financial operations in Qatar, in a sign of growing…