Central Bank of Kuwait Governor highlights fintech, regulatory risks
In his speech, Dr. Al-Hashel said, “Today, I would like to touch upon two major forces that have swept across…
Regulation, Risk & Compliance
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Shareholders of NBAD, FGB approve merger
Shareholders of the National Bank of Abu Dhabi and FGB approved the banks’ plans to merge, thus creating the largest…
Finding the right building blocks for Middle East portfolios
An advisory led, outcome based approach is certainly in need for building portfolios in the Middle East. More of…
A bleak future for fund distribution in Dubai?
Asset management firms in Dubai face challenges on several fronts - especially regulatory uncertainty - in their efforts to build…
Saudi Arabia switches OPEC tack with eye on world's top IPO
To understand why Saudi Arabia changed course and decided OPEC should go back to managing supply, look at two of…
NY Court of Appeals Finds Personal Jurisdiction Based on Use of NY Correspondent Bank Accounts
A sharply divided New York Court of Appeals recently held that defendants who allegedly made intentional and repeated use of…
Bank Hapoalim to sell Miami portfolio to Safra Bank
Bank Hapoalim, Israel’s largest lender, said on Sunday it has entered into a deal for the sale of its international…
Central Bank of Bahrain considers fintech regulations
The Central Bank of Bahrain is considering introducing regulations on fintech and startups that focus on fintech are invited to…
Saudi Arabian Monetary Authority: Saudi central bank changes name
The Saudi Arabian Monetary Agency announced on Sunday that its name has been changed to Saudi Arabian Monetary Authority. …
SDIF starting to repay depositors of Bank Asya
Recent Development As part of Asya Katılım Bankası A.Ş.'s (“Bank Asya”) ongoing liquidation process, on December 2, 2016 the…
SBI merger with its associates to result in consolidation of GCC operations
State Bank of India and its associates expect to complete the merger by the end of the current financial year…
7,000 Kuwaitis with $2.3bn in FATCA reveal
The USA Tax and Financial Consultants Office in the Middle East confirmed that Kuwait has revealed the accounts of about…