Kuwait sits out Fed rate move on modest growth
Kuwait refrained from following the U.S. Federal Reserve’s interest-rate increase for the first time since 2015, citing “modest” economic growth…
Regulation, Risk & Compliance
8931 articles found
Turkish Minister of Finance Announces New Withholding Liability for Foreign E-Commerce Websites
Recent Development On June 12, 2017, the Turkish Minister of Finance, Naci Ağbal, announced the introduction of a new…
Dozens held in probe into FETO-linked Bank Asya
Turkish police arrested Friday at least 42 suspects as part of an ongoing investigation into Bank Asya, an Islamic lender…
Central Bank of Bahrain debuts regulatory sandbox
The Central Bank of Bahrain has opened a regulatory sandbox for fintech firms worldwide to test their technology ahead of…
Qatar Crisis Challenges Gulf Assets as Middle East's Safe Haven
Gulf countries and their assets for years have been seen as a safe bet for investors in Middle Eastern emerging…
Abu Dhabi investigators foil attempt to steal $173m from UAE bank account
Abu Dhabi’s Public Funds Prosecution and Criminal Investigation Department have foiled an attempt to steal more than Dhs635m ($172.8m) from…
International Lenders Support Qatari Banks Hit by Regional Rift
A few large Asian, European and U.S. banks are providing funds to help to keep Qatari banks running smoothly after…
Kuwait Central Bank keeps the discount rate at 2.75%
The Central Bank of Kuwait has decided to keep the discount rate at its current value 2.75 percent, a fixed…
Federal Reserve raises interest rates, GCC countries react
The Central Bank of UAE, raising interest rates applied to the issuance of its Certificates of Deposits, in line with…
Qatar crisis challenges Gulf assets as Middle East’s safe haven
Gulf countries and their assets for years have been seen as a safe bet for investors in Middle Eastern emerging…
Bahrain launches new rules for fintech firms
Bahrain's central bank has issued new rules to create a regulatory unit that will allow financial technology firms to test…
Bahrain wealth fund Mumtalakat has up to $300 mln for new deals
Bahrain's sovereign wealth fund Mumtalakat has $200 million to $300 million for new deals, and is looking for investment opportunities…