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…
Regulation, Risk & Compliance
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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…
Switzerland eyes AEOI with 21 countries
Switzerland, which has been working to end its years long practice of banking secrecy, on Thursday said it aimed to…
Financial services firms prepare for CRS implementation
The UAE’s Ministry of Finance and the Central Bank of the UAE are working with banks and other financial services…
UAE to begin implementing G20, OECD procedures for tax information exchange
The Ministry of Finance has announced that the UAE will begin implementing the standards of joint disclosures and the exchange…
Qatar’s $35bn foreign reserves to cover ‘more than a year of imports’
Qatar’s foreign reserves, currently estimated at $35bn, cover more than a year of imports, BMI Research said and noted that…
Spain, Qatar eye $1 bln Latam investment fund signing in 2017
Spain and Qatar hope to sign early next year an agreement to form a $1 billion joint investment fund that…
US interest rate continues hike
Last week the US dollar continued its rally against most of its counterparts sparked by US President-elect Donald Trump’s promises…