Oman agrees to deepen ties with Iran central bank
Oman's central bank has signed a memorandum of understanding with the Iranian central bank to strengthen financial and economic cooperation…
Regulation, Risk & Compliance
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International Islamic Bank signs for ICS Banks Islamic
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic…
Experts tackle GCC financing challenge in Bahrain
The Bahrain Economic Development Board and Euromoney hosted 600 attendees the biggest crowd to date at the GCC Financial Forum. …
Deutsche Bank reduces check clearing in euros in Middle East
Deutsche Bank is to stop clearing checks denominated in euros for some banks in the Middle East, according to sources…
Bank Leumi and Chinese Insurance Giant Ping An to Cooperate in Promoting Israeli High-Tech in China
Israel’s Bank Leumi and Ping An has signed a strategic cooperation agreement earlier this week to promote the entry and…
GCC top bankers endorse company for settling payments
Governor of Bahrain Central Bank Rashid Al-Mearaj said on Thursday that governors of GCC monetary institutions and central banks adopted…
Pakistani man steals KD 1 million
A Farwaniya prosecutor placed the name of a Pakistani expat on the wanted list as he was accused of stealing…
Barclays faces new fight over ‘crash cash’ from Qatar
The City watchdog has reopened its investigation into Barclays’s £7.3 billion Middle East capital raising in 2008 that helped the…
Saudi Binladin creditors agree to $1.1bln financing extension
Saudi Binladin Group’s (SBG) creditors have agreed to extend by two years a 4 billion riyal ($1.1 billion) Islamic credit…
Islamic finance aims for easier sukuk investment with proposed new standards
Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making…
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Al Ruwayeh & Partners, Kuwait's leading and most prominent corporate law firm, and one of the region's top tier law…
UAE slams continued Israeli colonisation of the West Bank
The Permanent Representative of the UAE to the United Nations, Ambassador Obaid Salem Al Za’abi has slammed ongoing Israeli colonisation…