Canara Bank to shut three branches in Leicester, Bahrain and Shanghai
Canara Bank will close its three foreign branches — Leicester (UK), Bahrain, and Shanghai — and sell its 50 per…
Regulation, Risk & Compliance
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Bank of India gets UAE central bank’s approval to close Dubai branch
Bank of India on Monday said the Central Bank of the UAE has allowed it to close its Dubai representative…
Trading Blows by Gary Dugan
A multi-polar global economy and political populism explains trade wars The US President embraces populism and is not keen…
Beirut: Arab Banks Mobilize Efforts Against Money Laundering
Lebanon enjoys security and financial stability, said Lebanese Interior Minister Nouhad Machnouk during the inauguration of anti-money laundering forum organized…
Oman central bank eases capital, lending curbs in bid to spur growth
Oman’s central bank announced on Tuesday its biggest package of regulatory reforms for commercial banks in years, relaxing capital and…
Corporate governance: Someone to watch over me?
Long considered to be an afterthought or a cosmetic gesture at Gulf companies, corporate governance is now being taken more…
Reason logic in tax on expat remittances
The Finance Committee of the National Assembly has approved the draft law on the taxation of expatriate transfers without serious…
NBO partners with Axis Bank to offer banking services to NRIs
To address the financial needs of non-resident Indians (NRIs) residing in or moving to the Sultanate, the National Bank of…
Bahrain accuses shuttered bank of busting Iran sanctions
A former Iranian bank has been accused by the Bahraini government of operating a covert corruption scheme that allowed Tehran…
Qatar Central Bank says reserves ‘more than enough’ to cope with blockade
The Governor of the Central Bank of Qatar, Sheikh Abdulla Bin Saoud Al-Thani, has said that the bank’s reserves and…
Qatar's market manipulation fears fueled by 'abnormal' derivative moves: bank CEO
Qatar’s top bank QNB is helping the country’s authorities with data and expertise to probe if Qatar’s neighbors manipulated its…
Tajikistan sees Kuwait as gateway to Arab world: minister
Kuwait acts as Tajikistan's gateway to the Arab region and its key partner in the Middle East region, Nizomiddin Zohidi,…