FAB Brings Dubai First Business Into Its Personal Banking Group
First Abu Dhabi Bank, the UAE’s largest bank, and one of the world’s largest and safest financial institutions, has announced…
Regulation, Risk & Compliance
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Saudi’s Riyad Bank posts 25% second quarter profit rise
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a 25.2 per cent rise in second-quarter net profit on Tuesday,…
Bahrain bond rally over as Gulf bailout remains unclear
Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three…
Is your retirement package guaranteed in the UAE?
Financial experts have called for new legislation making it compulsory for employers to set capital aside, separate from company assets,…
UAE advisers may be next for a cold-calling ban
Responding to news that real estate agents are now prohibited from cold calling or risk a AED50,000 ($13,613, €11,709, £10,436)…
New products, standards buoy Islamic trade finance business
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look…
Saudi grants banking licence to Commercial Bank of Iraq
The Saudi Cabinet approved the licence for Commercial Bank of Iraq to open a branch in the kingdom, it was…
Dubai sees 14% growth in number of registered companies
The number of companies registered with Dubai’s International Financial Center has grown 14% in the last 12 months, with over…
Dubai International Financial Centre reports strong start to 2018
Number of active registered companies increased by eight percent in the first six months of 2018 and 14 percent year…
UAE adopt AAOIFI standards
Accounting and Auditing Organisation for Islamic Financial Institutions, the standard-setting body for the Islamic financial industry welcomes the Central Bank…
Cryptocurrency laws and regulations in UAE
The terms “Blockchain” or “Bitcoin” were alien to the general public in the United Arab Emirates (UAE) when Satoshi Nakamoto…
Bankruptcy reforms ‘will spur Saudi Arabian investment’
Saudi Arabia will introduce its first comprehensive bankruptcy law on Aug. 18 in a move designed to encourage foreign and…