Dubai SME and RAKBANK sign MoU to facilitate SME financing
Dubai SME, the agency of the Department of Economic Development, DED, in Dubai, has signed a Memorandum of Understanding, MoU,…
Regulation, Risk & Compliance
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Citigroup Said to Be in Talks for Saudi Arabia Bank License
Citigroup Inc. is in advanced discussions for a banking license in Saudi Arabia, returning after a more than 10-year absence…
Bahrain Bourse receives approval to establish Bahrain Clear
The Board of Directors of Bahrain Bourse held its second meeting for the year 2017 on Wednesday, 22nd February 2017…
Amendment of the Income Tax Ordinance – Information Exchange Between Tax Authorities
An amendment to the Income Tax Ordinance that was recently enacted obligates financial institutions to identify the residency and citizenship…
Azerbaijan presents its future projects to Qatar Investment Authority
Baku, Fineko/abc.az. Azerbaijan is negotiating with Qatar Investment Authority about cooperation. The Ministry of Economy informs that the country’s…
Oman eyes large bond sale, could exceed $2bn
Oman aims to conduct a large US dollar bond sale this week that could exceed $2 billion, and also plans…
HSBC discloses tax evasion probes in India, other countries
Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its…
Legal and regulatory framework for Islamic banking needs tightening
The current framework governing Islamic Banking contains many gaps that need to be closed through the development of a more…
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
Turkish participation bank Kuveyt Turk has received regulatory approval to raise 2 billion lira ($555.8 million) via Islamic bonds, or…
Nasdaq and Borse Dubai sign market technology deal
Nasdaq and Borse Dubai have signed an agreement to bolster the technological infrastructure of Dubai’s stock exchanges, Dubai Financial Market…
AAOIFI unveils new Islamic Shari'ah standard on gold
The new Standard was officialy unveiled at a launch event in Dubai on 5 December 2016 where the Accounting and…
Sweeping Law Changes Open Way For Foreign Investors
Bahrain is throwing open doors to business by easing rules for starting and running companies for foreign investors. The…