Former Barclays CEO suggested side deal to feed Qatar’ extra cash, London court hears
Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar’s demands for…
Regulation, Risk & Compliance
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Kuwait proposes budget with wider $30.3bn deficit
Kuwait on Tuesday unveiled budget proposals that forecast a wider deficit for the year starting April 1, outlining fiscal plans…
Egypt’s central bank seen making fourth consecutive interest rate cut
Egypt’s central bank is likely to cut interest rates for a fourth consecutive time on Thursday, a Reuters poll showed,…
MEA biometrics market ‘set to grow at over 21pc’
The Middle East and Africa biometrics market is being forecast to surge at a 21.25 per cent compound annual growth…
The DFSA signs guiding principles on sustainable finance together with leading authorities in the UAE
The DFSA, together with a group of leading authorities in the UAE, has published the UAE’s first Guiding Principles on…
Bank for International Settlements to grow membership roster
The Bank for International Settlements is to expand its central bank membership base and to increase collaboration in its work…
Deem Partners with Mastercard to offer six new cards to customers
Deem, had announced that it signed an agreement with Mastercard to offer customers as many as six new card products. …
Central Bank of Bahrain's new directive to help investors make right decision
The Central Bank of Bahrain had issued instructions in relation to Press releases about financial results of public shareholding companies.…
Bahrain's GFH hires banks to market five-year dollar sukuk
Bahrain-based GFH Financial Group has hired Societe Generale and Standard Chartered to act as global coordinators and joint lead managers…
Banks are pressing Aramco for bigger payout over IPO, say sources
Global banks that worked on Saudi Aramco's record initial public offering are pushing for an additional "incentive fee", three sources…
Lebanon will probably restructure debt, foreigners will be paid-senior banker
Lebanon’s sovereign debt is probably going to be restructured in a way that hurts neither the economy nor depositors, and…
Experts urge investors not to reposition portfolios in wake of 'inferno' Iran-US crisis
US President Donald Trump's missile attack on Iran, killing Major General Qasem Soleimani, has "transformed a simmering but manageable pot…