Half of Iran's banks should close or merge, top banker says
The number of banks in Iran should at least halve over the next six years, with closures and mergers needed…
Regulation, Risk & Compliance
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Middle Eastern banks tap international loan market for first time
Middle Eastern banks are diversifying their funding portfolios by entering the international syndicated loan market for the first time. …
Saudi market regulator loosens asset management rules
Saudi Arabia’s markets regulator loosened its rules for licensing asset management and other investment firms on Sunday, according to a…
Falcon Group: Strategic repositioning centred around new digital capabilities
Falcon Group introduces a strategic repositioning, along with a new brand appearance that marks the strong commitment to a digitally…
Baker McKenzie Habib Al Mulla boosts Banking & Finance capability in the UAE
Matthew Shanahan joins from Clifford Chance, where he headed up their Middle East Financial Services and Regulatory practise. With…
EIBank chief executive says investors should put aside cash amid high global market valuations
Emirates Investment Bank, the Dubai private bank also known as EIBank, is advising its clients to put more money aside…
UAE banks’ credit, deposit growth dips in August
Monetary data form the Central Bank of UAE for August showed a monthly drop in system-wide credit and deposits in…
FM Zarif hails Iran’s banking ties with Oman
Iranian Foreign Minister Mohammad Javad Zarif who is visiting Omani capital city of Muscat told the media, before his meeting…
World Bank to Triple Funding to Egypt to $US 1 Billion, Focus on Renewable Energy
The World Bank’s private sector lending branch of the International Finance Cooperation (IFC) has announced plans to triple its funding…
Resolving bank fraud a lengthy process for UAE customers
If you fall victim to credit card or bank account fraud, it can take several months for the bank and…
UAE 'sin tax' comes into effect today
The UAE’s Excise Tax came into effect today, doubling the price of tobacco and increasing the price of soft drinks…
Saudi Arabia finalizes seven deals with Russia worth $1 bln
Business relations between Saudi Arabia and Russia have been making headway at a steady phase since 2015, when the Public…