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. …
Regulation, Risk & Compliance
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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…
Instant protection for your family through the QIB mobile app
Qatar Islamic Bank’s announced yesterday its Family Shield Takaful policy is designed to provide both nationals and residents financial security…
Impoverished Jordan holds $3bn of foreign aid in offshore accounts
Jordan has come first in a list of countries that appear to have siphoned huge amounts of foreign aid into…
UAE Securities And Commodities Authority Discusses With The Capital Markets Advisory Committee Initiatives To Regulate The OTC Market And Its Precautionary Measures To Contain The Consequences Of COVID-19
As part of the efforts of the UAE government to counter the consequences caused by the coronavirus outbreak and support…
WeWork and Virtuzone announce UAE partnership
WeWork have exclusively partnered to bring companies and aspiring entrepreneurs the best in flexible workspaces and company licensing. Over…