UAE Surplus Reserves Jump 77.6 Percent in June
Surplus reserves at UAE banks and other financial institutions surged to AED 42.8 billion ($11.6 billion) by the end of…
Regulation, Risk & Compliance
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Bahrain sends request for proposals for U.S. dollar bond, sukuk issues
Bahrain's government has sent out a request for proposals to banks to arrange issues of U.S dollar-denominated conventional bonds and…
UAE orders banks to freeze accounts, assets of those on terrorist list
The Central Bank of the UAE issued a general statement to all banks and financial institutions to search for and…
Bank interest rates in Oman increase amid tight liquidity situation
Bank interest rates in Oman have increased in view of the tight liquidity situation and increased competition among banks for…
Dubai Islamic Bank plans African expansion after planting Kenyan roots
Dubai Islamic Bank has plans to solidify its foundations in the East African Islamic banking sector. Comments from DIB…
Mena Growth Will Fall Considerably
Economic growth in the Middle East and North Africa is forecast to slow considerably over oil prices as the Saudi…
India clarifies income tax rule for NRIs
The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they…
Saudi Arabian Monetary Agency says foreign assets close to SAR 2 trillion
Foreign assets of the Saudi Arabian Monetary Agency and the commercial Saudi banks reached SR1.996 trillion by the end of…
Saudi Arabia raises 17bn riyals in first local Islamic bond this year
Saudi Arabia raised 17 billion Saudi riyals (Dh16.65bn) from its first local Islamic bond sale this year as the biggest…
Dubai DIFC a hit with Chinese, Indian financial firms
A number of leading Chinese and Indian banks are in the process of obtaining Category 1 banking licences in the…
Fintech in payments: Changing perspective
The author's shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make UAE a…
Dubai Financial Market resumes uptrend
Driven by gains held by the banking and investment sectors as well as some property companies, the Dubai Financial Market…