UAE banks to take Basel capital rules in stride
UAE banks are mostly well placed to meet new local capital requirements related to the global Basel III regulatory framework,…
Regulation, Risk & Compliance
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Banks can charge basic fees to keep an account active
Some time ago, I opened an account with a foreign bank via its Dubai branch. I don’t have any loans…
Abu Dhabi Global Market And The Monetary Authority Of Singapore Collaborate To Foster Fintechh Innovation And Cross-Border Activities
The Monetary Authority of Singapore and Abu Dhabi Global Market today signed a Cooperation Agreement to foster closer cooperation on…
ADGM takes fintech ambitions further with Singapore deal
Abu Dhabi Global Market has signed a deal with Singapore to develop financial technology (fintech) services in the capital’s financial…
Abu Dhabi finance regulator pens fintech agreement with Singapore central bank
Abu Dhabi Global Market is working with its equivalent in Singapore to help it create the right environment to encourage…
Dubai Regulator Signs FinTech Pact with Singapore’s Central Bank
The Monetary Authority of Singapore and the Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to develop and…
Abu Dhabi Islamic Bank considering dollar sukuk issue
Abu Dhabi Islamic Bank , the largest sharia-compliant lender in Abu Dhabi, is considering whether to make a U.S. dollar-denominated…
American Tax Bureau opens office in Bahrain
The sweeping changes instigated by the US in 2010, American Tax Bureau has opened a new office in Bahrain, located…
Banking sector resilient to headwinds
The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors…
Bahrain buys Korea health system
South Korea signed a contract Monday to export its health insurance information management system to Bahrain. It was Korea’s first…
Al Baraka Bank Egypt net income increases 93% in 2016
Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG) and its investment arm in…
UAE banks fully prepared for stricter capital regime
The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital…