US, Bahrain sign Model 1 FATCA IGA
The US Treasury Department today updated its FATCA website, reporting that Bahrain and the US signed a Model 1 intergovernmental…
Regulation, Risk & Compliance
8931 articles found
Kuwaiti Wealth Fund May Pull Billions From External Managers
Kuwait Investment Authority is planning to manage more of its own assets as the world’s fifth-largest sovereign wealth fund seeks…
Saudi's Alawwal Bank gets regulatory approval for derivatives trading unit
Saudi Arabia's Alawwal Bank said on Thursday it had received regulatory approval to set up a fully owned subsidiary that…
DIFC firms need to do more to combat money laundering risks
The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance…
FATCA and Common Reporting Standard in Kuwait
The Financial Account Tax Compliance Act, spearheaded by the United States Internal Revenue Services has been in play since 2014.…
Banks more exposed to sovereign debt: Moody’s
International ratings agency Moody’s sees growing exposure to sovereign debt in Lebanon following the Central Bank’s recent swap operation that…
Bank of Baroda sees improved profitability and asset quality in 2017
Bank of Baroda, the only Indian bank that has full-fledged onshore banking operations in the UAE expects to see strong…
Qatar National Bank Q4 net profit up 8.3 pct
Qatar National Bank, the Gulf's largest lender, reported a 8.3 percent increase in fourth-quarter net profit, according to Reuters calculations…
UAE's ADIB issues capital-protected equity investment structured note
Abu Dhabi Islamic Bank, a leading financial institution, has launched its first Sharia compliant equity investment structured note of the…
GCC banks set for hectic fund-raising
According to the International Monetary Fund's October 2016 outlook, in 2017, the economy of Saudi Arabia is expected to grow…
Bank of China to establish deposit bank in Turkey
The Bank of China has received permission to operate a deposit bank in Turkey through the investment of $300 million,…
Kuwait, India amend double taxation agreement
The Kuwaiti Ministry of Finance on Sunday signed a protocol with India amending the agreement between the two countries to…