Standard Chartered fined $1.1bn for money-laundering and sanctions breaches
Standard Chartered has been ordered to pay $1.1bn (£842m) by US and UK authorities to settle allegations of poor money-laundering…
Regulation, Risk & Compliance
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Bahrain Announces Special Programme for 100 Arab Start-Ups
Bahrain has announced the roll-out of a new programme of support for the 100 Arab start-ups shaping the Fourth Industrial…
FCA backs adviser's pension transfer intervention
Dubai’s financial services regulator took “appropriate” measures against collapsed private equity company Abraaj Group, but communication was lacking and there…
Carlyle Group to acquire up to 40% stake in Cepsa from Mubadala
The U.S. buyout company Carlyle Group LP has reportedly agreed to purchase up to 40% stake in Spanish oil and…
Bahrain Association of Banks plans ‘open dialogue’
Bahrain Association of Banks will hold its second open dialogue, under the patronage of Rasheed Al Maaraj, the governor of…
Number of Bahraini women in financial sector rises 2.2pc
The total number of employees in the financial sector in 2018 amounted to 14,148 compared with 14,093 at the end…
NAB eyes partnerships with Israeli groups to further big data strength
National Australia Bank is in discussions with two Israeli artificial intelligence and biometrics groups about ways to further the bank’s…
Finastra and Mashreq Bank team up to rethink the future of corporate banking
Finastra and Mashreq Bank recently came together in Dubai, for a unique one day workshop around the future of corporate…
Double taxation agreement between the UAE and Saudi Arabia comes into effect
It provides a more flexible investment climate that underscores the country's position as a key investment destination More than 32…
FDI law to boost investment in UAE by 20pc
The new UAE foreign direct investment law will help accelerate FDI inflows by up to 20 per cent this year,…
Regulation of interest eyed
Responding to complaints of pensioners, the National Assembly turned its gaze to the Banking Union which took a single-handed decision…
IMF Executive Board Concludes 2019 Article IV Consultation with Kuwait
On March 25, 2019, the Executive Board of the International Monetary Fund concluded the 2019 Article IV consultation with Kuwait. …