Qatar set to establish centralised Shariah board to bolster Islamic finance
Qatar, which is poised to become a leading Islamic finance hub in the region, is all set to establish a…
Regulation, Risk & Compliance
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Oman's Capital Market Authority approves on sukuk
Oman's Capital Market Authority approved on sukuk (Islamic bonds) program value about USD779 million through private subscription, as it announced…
‘Global Britain’ may lead to blossoming of UK-GCC ties
Britain’s anticipated, unprecedented withdrawal from the EU creates unique challenges and uncertainty. However, at the same time, as in any…
Etihad Credit Insurance partners with HSBC to help UAE businesses and exporters access global markets
Etihad Credit Insurance has signed a Memorandum of Understanding with HSBC to help UAE businesses and exporters access global markets,…
Biggest Saudi bank pulls plug on $271b merger plan with rival
Saudi Arabia's biggest lender scrapped plans to create a US$200 billion (S$271 billion) bank, with differences over valuation potentially contributing…
Mashreq migrates to the Microsoft intelligent cloud
Mashreq Bank announced their migration to the intelligent Microsoft Cloud to scale productivity and boost collaboration. The bank will now…
Financial watchdog urges Turkey to step up efforts against money laundering
Turkey has understood the risks it faces from money laundering and terrorist financing but serious shortcomings remain, including the need…
Emirates NBD: the value of rewards
Government-owned bank, in Dubai, Emirates NBD - over the duration of 2019 - has been investing in payment innovations for…
National Bank of Oman to exit from Egypt
The National Bank of Oman’s Board of Directors has resolved to exit from Egypt and close its last branch and…
First Abu Dhabi Bank further expands in Saudi Arabia with the opening of Jeddah branch
First Abu Dhabi Bank, further expands into the Kingdom of Saudi Arabia with the opening of a branch in Jeddah.…
New Kuwait Cabinet Has Gulf’s First Female Finance Minister
Kuwait appointed Mariam Al-Aqeel as finance minister, the first female in the Gulf region to hold the post. Khaled Al-Fadhel…
SICO named issue execution advisor, receiving agent, and allotment agent in national bank of Bahrain acquisition of Bahrain Islamic Bank
SICO BSC had announced that it has been recently appointed as issue execution advisor, receiving agent, and allotment agent in…