Qatar First Bank 'successfully exits' Shariah-compliant aviation deal
Qatar First Bank has announced the 'successful exit of a Shariah-compliant aviation deal, along with its investors, through the sale…
Regulation, Risk & Compliance
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Lebanon’s economic crisis requires an urgent decision on IMF aid
Lebanon must soon decide whether to seek an IMF-supported deal to rescue its sinking economy from financial implosion, or face…
Lebanon to appoint Cleary Gottlieb to advise on Eurobonds
Lebanon will appoint Cleary Gottlieb Steen & Hamilton LLP as legal adviser on its Eurobonds, a source close to the…
Saudi, Egypt, Bahrain to resume Qatar post services despite dispute
Saudi Arabia, Egypt and Bahrain have agreed to resume postal services to Qatar almost three years after they were stopped…
Saudi regulator seeks to raise capital levels for insurers
Saudi Arabia is working on new regulations that would raise capital requirements for the kingdom’s overcrowded insurance sector, its central…
UAE GDP grew 2.9% in 2019, says Central Bank
The UAE’s GDP is estimated to have grown 2.9 percent in 2019, according to the UAE Central Bank. According…
IHS Markit and Tadawul launch Saudi government Sukuk index
The Saudi Stock Exchange (Tadawul) has partnered with IHS Markit for the launch of an index tracking the performance of…
First Abu Dhabi Bank appoints new group CEO, approves dividends
First Abu Dhabi Bank elected new board members and approved the distribution of cash dividends at its general assembly meeting.…
DFSA Fines Company USD 105,000 for Unauthorised Activity
The Dubai Financial Services Authority (DFSA) has announced that it has fined Enness Limited (Enness DIFC), a DIFC Representative Office.…
Dubai fines financial advisor $105k for unauthorised mortgage operations
The Dubai Financial Services Authority on Tuesday announced that it has fined Enness Limited (Enness DIFC) $105,000 for engaging in…
Kuwait lawmakers okay amendments to bank regulation law
Kuwait's parliament, in the first and second deliberations, has given the thumbs up to a proposal for a law aiming…
UAE banks lay off 930 employees, close 49 branches
UAE banks have laid off 930 employees, with local banks closing down 49 branches in the third quarter of 2019.…