First MENA Green Finance option from Emirates Islamic
With an aim to provide customers with affordable access to green products, Dubai Green Economy Partnership has signed an agreement…
Regulation, Risk & Compliance
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AUB reports net operating profit of KD 54.7m
Ahli United Bank, Kuwait, announced its results and financial statements for the third quarter ending 30 September 2016, following the…
Growth in Islamic finance industry necessitates regulation advancement
The rapid growth in the Islamic finance industry has fueled the development and advancement in the regulations, and the Central…
UAE faces tax haven blacklist threat from G20
The United Arab Emirates is at risk of being put on a tax haven blacklist unless it promises to help…
First: Eureeca Receives Equity Crowdfunding License from Dubai Financial Services Authority
Eureeca has become the first equity crowdfunding platform to be officially licensed by the Dubai Financial Services Authority. …
Astad underscores regional expansion at Qatar-Saudi economic forum
Construction firm Astad has marked its first step towards the company’s expansion in the Gulf Cooperation Council region during the…
Oman's Bank Muscat in talks to refinance $600 mln loan – bankers
Oman's Bank Muscat has begun initial discussions with banks on refinancing an existing $600 million loan, with a new facility…
QFCRA, Kuwait’s CMA sign MoU on information sharing, development
The Qatar Financial Centre Regulatory Authority (QFCRA) has entered into a memorandum of understanding (MoU) with Kuwait’s Capital Markets Authority…
UAE's new bankruptcy law set to boost SME lending, says Fitch
The UAE's new bankruptcy law could encourage banks to increase lending to SMEs because it sets out a framework for…
Egypt Floats Currency, Appeasing I.M.F. at Risk of Enraging Poor
Egypt’s central bank on Thursday said it would soon allow the country’s currency to trade freely, part of a broader…
Egypt moves to secure IMF loan with currency flotation
Egypt’s currency yesterday fell by almost a third to 13 pounds against the dollar from a previously fixed rate of…
Bahrain, Turkey aim to boost trade volume to $1 billion
Turkey's Custom and Trade Minister, Bulent Tufenkci has hailed the wise directives of His Majesty King Hamad bin Isa Al…