QIIB seeks global partnerships
QIIB is seeking new partnerships with international financial and banking institutions as the bank’s leadership met top executives on the…
Regulation, Risk & Compliance
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UAE all set to meet Basel III capital rules
UAE banks are all set to achieve a minimum common equity Tier-1 capital (CET 1) ratio of 12 per cent…
Tax accountant salaries surge as Gulf VAT-day approaches
The introduction of VAT in the Gulf is stoking salaries for tax specialists across the region, according to recruitment firms.…
Dubai Economy, VFS extend e-services pact
Dubai Economy has signed an agreement with VFS Global, a world-leading visa processing and identity services specialist, to extend varied…
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…
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. …