Regulation, Risk & Compliance

New Investment Products & Services

Bahrain's Al Baraka Banking Group and the Libyan Foreign Bank sign a memorandum of understanding to enhance their banking relations in all fields

July 26, 2017

Al Baraka Banking Group, B.S.C  has signed a Memorandum of Understanding  with the Libyan Foreign Bank, the leading Arab bank…

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FinTech

Another Fintech Bridge Opens

July 26, 2017

The Abu Dhabi Global Market Financial Services Regulatory Authority and ASIC today signed a Cooperation Agreement which provides a framework…

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Financial Results

UAE Surplus Reserves Jump 77.6 Percent in June

July 26, 2017

Surplus reserves at UAE banks and other financial institutions surged to AED 42.8 billion ($11.6 billion) by the end of…

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Hedge Funds & Alternative Investments

Bahrain sends request for proposals for U.S. dollar bond, sukuk issues

July 26, 2017

Bahrain's government has sent out a request for proposals to banks to arrange issues of U.S dollar-denominated conventional bonds and…

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Regulation, Risk & Compliance

UAE orders banks to freeze accounts, assets of those on terrorist list

July 26, 2017

The Central Bank of the UAE issued a general statement to all banks and financial institutions to search for and…

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Regulation, Risk & Compliance

Bank interest rates in Oman increase amid tight liquidity situation

July 26, 2017

Bank interest rates in Oman have increased in view of the tight liquidity situation and increased competition among banks for…

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Islamic Finance

Dubai Islamic Bank plans African expansion after planting Kenyan roots

July 25, 2017

Dubai Islamic Bank has plans to solidify its foundations in the East African Islamic banking sector.   Comments from DIB…

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Market Forecasts

Mena Growth Will Fall Considerably

July 25, 2017

Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi…

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Regulation, Risk & Compliance

India clarifies income tax rule for NRIs

July 25, 2017

The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they…

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Financial Results

Saudi Arabian Monetary Agency says foreign assets close to SAR 2 trillion

July 25, 2017

Foreign assets of the Saudi Arabian Monetary Agency  and the commercial Saudi banks reached SR1.996 trillion by the end of…

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Hedge Funds & Alternative Investments

Saudi Arabia raises 17bn riyals in first local Islamic bond this year

July 25, 2017

Saudi Arabia raised 17 billion Saudi riyals (Dh16.65bn) from its first local Islamic bond sale this year as the biggest…

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Hedge Funds & Alternative Investments

Dubai DIFC a hit with Chinese, Indian financial firms

July 25, 2017

A number of leading Chinese and Indian banks are in the process of obtaining Category 1 banking licences in the…

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