Saudi central bank bans MedGulf from issuing new insurance contracts
Saudi Arabia’s central bank on Monday barred Mediterranean and Gulf Cooperative Insurance and Reinsurance Co. (MedGulf) from issuing new insurance…
Regulation, Risk & Compliance
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Stronger than ever ties
A number of high-level engagements between India and ?the UAE have contributed immensely to bilateral relations. Navdeep Suri, Ambassador of…
HSBC sidesteps high-profile Qatar deals in Gulf gauntlet
A boycott of Qatar by its neighbors has prompted HSBC to turn down a leading role on Doha’s new dollar…
Bank of China looks to finance infrastructure projects in Turkey
The Bank of China, the largest Chinese financial provider of the Belt and Road initiative, aims to support Turkey's stronger…
QCB affirms importance of financial inclusion
Qatar Central Bank Governor HE Sheikh Abdulla bin Saoud Al Thani has reaffirmed the State of Qatar’s commitment to financial…
Qatar National Bank mandates banks for Kangaroo bond
Qatar National Bank, the Gulf’s largest lender, has mandated Australia and New Zealand Banking Group and Bank of America Merrill…
UAE welcomes removal from EU tax haven list
The UAE has welcomed the decision by the European Union to remove the country from a list of 'uncooperative tax…
Citi gets Saudi go-ahead for investment banking business
Citigroup has won formal approval from Saudi Arabia’s Capital Market Authority to begin investment banking business there, the US bank…
Doha to launch strategy on financial inclusion and literacy: QCB
Doha will soon launch a strategy on financial inclusion and literacy as part of a national strategic plan for financial…
Bank Leumi Announces Agreement for Strategic Investment Into Bank Leumi USA, Setting the Latter's Value Just Under 1 Billion USD
Bank Leumi le-Israel B.M. reported today that it has signed an agreement providing for strategic investment into Bank Leumi le-Israel…
CBB and DFSA sign MOU
The Dubai Financial Services Authority (DFSA) and the Central Bank of Bahrain signed a Memorandum of Understanding (MoU) last week…
Chartered accountants need to adapt to stay relevant
Chartered accountants will have to embrace new technologies such as artificial intelligence and blockchain to remain relevant or risk doing…