Bahrain's FEB Islamic Bank exited from its investment in Bulgaria
First Energy Bank recently exited from its investment in Bulgaria. FEB had invested in December 2013 jointly with Borealis in…
Regulation, Risk & Compliance
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UAE cbank foreign currency assets top $87bn
The UAE Central Bank's foreign currency assets increased 1.5 percent to Dh322.4 billion ($87.75 billion) during the month of May…
TechPreneur Africa and Abu Dhabi sign fintech start-up support agreement
TechPreneur Africa, an organization dedicated to supporting financial technology firms and entrepreneurs that want to increase financial inclusion and opportunities…
Dubai: Aadhaar card not mandatory for NRIs for financial, I-T transactions
To boost its drive against tax evasion and unaccounted transactions, the central government recently authorised the mandatory linking of Aadhaar…
Qatar govt prepared to cover banks if deposits ‘withdrawn
Qatar’s government is prepared to support local banks if foreign institutions withdraw deposits from them because of an economic boycott…
UAE one of the easiest places in the world for accounting and tax compliance
Ranked 92nd out of 94 jurisdictions according to their financial complexity, the UAE is the least complex place globally for…
The legitimacy of new bank fees
Saudi banks have been imposing various fees on customers for different services and we do not know the reason for…
Gulf Energy Maritime signs $75 million deal with Dubai Islamic Bank
The seven-year facility is the first deal between GEM and DIB, and it is part of a long-term relationship with…
Barclays to learn if SFO will press charges over Qatari cash injections
Barclays and a number of its former executives are expected to learn this week whether the Serious Fraud Office intends…
The legitimacy of new bank fees
Saudi banks have been imposing various fees on customers for different services and we do not know the reason for…
Meethaq signs financing agreement with Safe Alloys
Meethaq Islamic Bank at Bank Muscat has signed a financial agreement with Safe Alloys, a Sohar Free Zone company, which…
Barclays braced for outcome of five-year SFO fundraising probe
Barclays will learn within days the outcome of a five-year Serious Fraud Office (SFO) probe into aspects of the £11bn…