Kuwait’s Warba Bank receives licence to conduct securities activities
Kuwait-based Warba Bank announced that it has obtained licence from the Capital Market Authority (CMA) to engage in certain securities…
Regulation, Risk & Compliance
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Burgan Bank’s operations in Turkey fully hedged against lira fluctuations
Burgan Bank Group commented yesterday, in light of the current situation in Turkey, that Burgan Bank A S – Turkey…
These UAE private sector workers will get a six-day holiday
Expecting a low turnout of employees as well continuity of operations, some companies in the UAE have switched Eid Al…
DFSA applies limits on Abraaj Capital’s activities in DIFC
Abraaj Capital Limited (ACL), the only company belonging to the beleaguered Abraaj Group, regulated by the Dubai Financial Services Authority…
Saudi banks see no significant impact from lira depreciation
There has been no significant impact from the depreciation of the Turkish lira on the results and quality of Saudi…
National Bank of Bahrain in talks to increase its stake in BIB
National Bank of Bahrain is in talks to buy Islamic Development Bank’s entire stake in the Sharia-compliant Bahrain Islamic Bank…
Qatar to invest $15b in Turkey's financial markets and banks
Qatar pledged $15 billion of investment in Turkey that will be channeled into Turkish financial markets and banks, a government…
Abu Dhabi's Mubadala sells 3% stake in RHB Bank
Abu Dhabi sovereign wealth fund Mubadala Investment Co has sold off an estimated 3% of its stake in RHB Bank…
Trade Bank of Iraq puts Turkey bank acquisition plans on hold
Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the…
Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender,…
European banks’ exposure to Turkey
Turkey’s economic crisis poses a threat to European banks with business in the country. Spain’s BBVA, Italy’s UniCredit, France’s…
Court reserves judgement in Abraaj bounced cheque case
A Sharjah court on Tuesday reserved the judgement in the bounced cheque case against Arif Naqvi, founder of the beleaguered…