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…
Regulation, Risk & Compliance
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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…
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…
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…