Ithmaar's new group structure wins approval
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of…
Regulation, Risk & Compliance
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Economic changes that will affect your wallet in 2017
The tax year which starts on Sunday brings an array of changes created by the previous year’s legislation, the 2017-18…
Qatar made a buzz in finance & business world in 2016
Qatar created waves in global finance and business world in 2016. The country hit the international media headlines when Russian…
Qatar Investment Authority to refinance Porta Nuova district’s debts
The Qatar Investment Authority intends to refinance their debts on Milano Porta Nuova and Varesine, the two complexes acquired in…
Individuals can get maximum SR3,215 in new banknotes, coins
The Saudi Arabian Monetary Authority has started distributing new Saudi currency banknotes and coins at its main branch in Jeddah.…
Financial Policy Coordination Council holds third meeting
The Ministry of Finance organised the third and final meeting of the Government Financial Policy Coordination Council for 2016. …
Kuwait's NBK, KAMCO invited to participate in Kuwaiti sovereign bond issue
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, and investment firm KAMCO said they had been invited…
Gulf Bank obtains investment licenses from CMA, Kuwait
Gulf Bank is proud to announce that it is the first Bank to officially obtain investment licenses from the Capital…
Emirates Development Bank approves Dh1.5b in loans for housing sector, SMEs
The Emirates Development Bank, approved an estimated budget of Dh1.5 billion for 2017 to finance housing loans for Emirati citizens…
Iran allows free foreign exchange at banks in move to unify rates
Iran authorised some banks on Saturday to deal in foreign exchange trading at a free market rate, the central bank…
Islamic Development Bank finances developmental projects worth $863 mn
The Islamic Development Bank has approved finances worth US$863 million for developmental projects in a number of member countries during…
Dubai’s Gold Souq feels Indian demonetisation heat
It’s not just the shopping season in India that got wiped out by the demonetisation move — Dubai’s famed Gold…