Trading in Bitcoin illegal in Saudi Arabia
Saudi Arabia has issued a statement saying that Bitcoin and other cryptocurrencies are illegal in the kingdom, in light of…
Regulation, Risk & Compliance
8953 articles found
UAE's RERA, Dubai Commercial Bank sign agreement
The Real Estate Regulatory Agency, RERA, at Dubai Land Department, signed a partnership agreement with Commercial Bank of Dubai, CBD,…
Common Shariah norms for Islamic finance still remain a tricky issue
Shariah governance and regulations in Islamic finance remain a diverse topic despite countless initiatives to set a common international framework…
Downgraded Bahrain banks to find funding expensive
Rating agency Moody’s Investors Service has downgraded four Bahraini banks in line with its recent downgrade of the Government of…
GIB continues to strengthen KSA presence
GIB is now in its final stages of completing the necessary steps to convert its branches into a locally incorporated…
Middle East Demand for World Bank Financing Rises to $6.3BN in 2018
The World Bank responded to strong demand from countries in the Middle East and North Africa (MENA) region for development…
Saudi Aramco, Malaysia's Petronas tap banks for jumbo financing – sources
Saudi Aramco and Malaysia's Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for…
Saudi Arabia’s Spat With Canada Risks Backlash From Investors
Saudi Arabia’s diplomatic rupture with Canada risks complicating the kingdom’s efforts to woo foreign investors as it seeks to overhaul…
Turkish lira drops further as central bank injects liquidity into financial sector
Turkey’s central bank on Monday said it would make an adjustment to its reserve policies aimed at bolstering the country’s…
Asset quality on mend but some issues seen lingering
Loan loss provisions in the UAE’s banking industry are on decline, supporting the overall asset quality metrics. However, continuing…
Emirates NBD KSA, Kafalah Program renew partnership
Emirates NBD Saudi Arabia renewed its partnership with the Kingdom’s Kafalah Program (SME Financing Guarantee Program) at a signing ceremony…
Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend
The Central Bank of Bahrain is reported to have approved one of the top ten cryptocurrency projects, Stellar.org as Sharia…