GIB Granted Retail Banking Licence in Bahrain
Gulf International Bank is pleased to announce that it has been granted a conventional retail banking licence in the Kingdom…
Regulation, Risk & Compliance
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Bahrain expands its capacity to fight international tax avoidance and evasion
Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed…
The mysterious fall in Saudi foreign reserves
Net foreign assets at Saudi Arabia's central bank, a measure of its ability to support its currency, look set to…
Foreign exchanges in many countries are refusing Qatari riyals
Many banks and foreign exchange companies outside of Qatar are now refusing to buy Qatari riyals, Doha News has learned.…
Qatar riyal FX market in chaos but bankers believe peg still solid
Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading…
The mysterious (and continuing) fall in Saudi foreign reserves
Net foreign assets at Saudi Arabia’s central bank, a measure of its ability to support its currency, look set to…
CB says Qatar-Gulf crisis could pose threat to remittance inflows
The Central Bank last week expressed concern over the prolonged diplomatic spat between Qatar and its Arab neighbours as the…
Dana debacle highlights need for unified Islamic finance regulator
Islamic finance was set to be the wave of the future after the global financial crisis because it concerned real,…
GCC a regional trendsetter on credit bureaus
The 2008 financial crisis exposed the complex inter-linkages between credit risk, market risk and liquidity, thereby escalating the need to…
Qatar banks 'well-placed to weather crisis'
Qatar's banking industry is "reasonably well-placed” to weather the effects of the current economic blockade and has already begun adjusting…
Qatar rejects list of demands from Saudi Arabia
Qatar’s ambassador to the USA told HuffPost on Friday that Saudi Arabia, the United Arab Emirates and other countries’ demands…
Future of "monetary tightening" unknown — NBK report
In a generally calm week after the Fed hawkishly hiked interest rates, the future pace of monetary tightening is unknown.…