UAE banks post profits of $7.8bn in nine months
Banks operating in the UAE posted profits of Dh28.8 billion ($7.8 billion) during the first nine months of 2017, a…
Regulation, Risk & Compliance
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Monetary Authority Of Singapore And Abu Dhabi Global Market Foster Closer Cooperation In Banking Supervision
The Monetary Authority of Singapore and Abu Dhabi Global Market today signed a Memorandum of Understanding to strengthen the supervision…
Banque Saudi Fransi faces fine over regulatory violations -SAMA
Banque Saudi Fransi faces a fine over irregularities in an employee incentive programme, Saudi Arabia’s central bank said on Thursday.…
New taxes need not affect UAE's ease of doing business – expert
MENA countries achieve better scores in Paying Taxes report due to lighter tax regimes in many Gulf states The…
Saudi billionaires said to seek shielding assets amid crackdown
Wealthy Saudis are seeking to restructure their businesses to ring fence assets in case authorities widen their declared crackdown on…
UAE Central Bank To Set Up A Dedicated Department To Deal With Cyber Attack
UAE Central Bank is taking measures to mitigate risks arising out of cyber-attacks and is planning to set up a…
UAE Central Bank Says Looking At Crowdfunding Regulation
The UAE central bank is looking at regulation for crowdfunding in the emirates as part of measures to boost financing…
Bahraini GFH is about to be listed on Tadawul soon
Financial Group of Bahrain announced Wednesday it intends to enter Saudi Stock Exchange (Tadawul) and has already begun to discuss…
Dubai-based lender Mashreq in Qatar for long haul -CEO
Dubai-based bank Mashreq is in Qatar for the long haul, chief executive Abdulaziz al-Ghurair told reporters on Wednesday. He…
Turkey, Islamic Development Bank sign $2.25B loan deal
With the ceremony held at the 33rd Ministerial Meeting of the Standing Committee for Economic and Commercial Cooperation of the…
UAE central bank: request on Saudi accounts was just information-gathering
A request by the United Arab Emirates central bank for local banks and finance companies to provide details of the…
Saudi wealth fund finalizes deal to take over unfinished Riyadh financial hub
Saudi Arabia’s sovereign wealth fund finalized a deal to take over the management of Riyadh’s $10 billion unfinished financial hub…