UK watchdog says sovereign listing plan in line with government policy
The Financial Conduct Authority said its proposals for listing state-controlled companies such as Saudi Aramco were in line with Britain’s…
Regulation, Risk & Compliance
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Saudi women may be allowed to work in traffic directorates
Saudi women could soon be allowed to work in traffic directorates, according to Okaz newspaper. A committee set up…
Saudi Arabia preparing tougher rules for insurers
Saudi Arabia's central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller…
QIIB’s $2bn sukuk programme gets UK regulatory body approval
The UK Financial Conduct Authority has approved QIIB’s $2bn Trust Certificate issuance Programme and is expected to be admitted to…
IFRS9 to help reinforce confidence in banking system
The implementation of “impairment” provisions under the newly-promulgated International Financial Reporting Standard ‘IFRS9’ from 2018, the health of Qatari banks…
‘Greater co-ordination’ among Qatar banks after blockade
Qatar’s banking sector went through a period of reorganisation after the illegal blockade of the country, which resulted in greater…
UAE businesses must register for VAT by Dec 4
The online registration for five per cent Value Added Tax is now open and businesses with an annual turnover of…
Qatar National Bank rules out sale of stake in UAE bank
Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. …
Iran, Turkey Sign Currency Swap Deal
Shortly after Iran and Turkey signed a draft of currency swap agreement, Governor of the Central Bank of Iran Valiollah…
FCA Said to End Case Against Ex-Barclays Executive Over Qatar
U.K. regulators dropped a probe into a former Barclays Plc executive over a 2008 fundraising by the bank with Qatar,…
Netherlands’ ABN Amro Bank to strengthen Mena presence
ABN Amro Bank is expanding its presence in the Middle East and North Africa region and plans to hire more…
Linklaters strengthens Middle East offering with Saudi Arabia alliance
Linklaters has agreed an alliance with Saudi Arabian firm Zamakhchary & Co that will see the firm send two of…