Saudi Arabia Said to Weigh Easing Restrictions on Foreign Banks
Saudi Arabia is exploring the possibility of granting more licenses to foreign banks and easing restrictions on their operations to…
Regulation, Risk & Compliance
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Dubai on track to be Islamic economy hub
The Global Islamic Economy Summit 2016 kicked off in Dubai on Tuesday where industry specialists highlighted the challenges and opportunities…
Falcon Bank says will focus elsewhere after losing Singapore licence
SWISS private bank Falcon Bank said in a statement on Tuesday morning that although the Monetary Authority of Singapore's withdrawal…
Kuwait postpones $10 billion bond issue until 2017
Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in…
GCC growth & sustainability depends on fiscal, monetary policy alignment & action
The World Bank-IMF Annual Meeting was held at Washington DC, USA, during the weekend and I witnessed active participation areas…
Qatar launches campaign to educate laborers on new laws
Qatar has launched a campaign to educate its large population of foreign workers about its new labor laws. The two-month…
Islamic finance body AAOIFI looks to finalise new standards by yr-end
The Accounting and Auditing Organisation for Islamic Financial Institutions plans to finalize several new standards by the end of the…
deVere Mortgages partners with Al Rayan Bank to offer Sharia compliant home finance
deVere Mortgages and Al Rayan Bank have today announced that they have entered into a strategic partnership to offer Sharia-compliant…
Impact of IFRS 9 implementation likely to be minimal on GCC banks
The implementation International Financial Reporting Standards 9 from January 2018, a game changer for banks across the world, is unlikely…
Dubai FDI updates UK businesses and investors on Dubai’s innovation-driven strategies
Officials from Dubai FDI along with partners specialised in company formation interacted with senior business executives and investors in the…
Still No Deutsche Bank Agreement: Dillutive Stock Sale Coming Up?
Deutsche Bank AG has been caught in at least three recent lies. It said it was not talking with the…
Bahrain to build 5,000 homes through housing bank
Bahrain's prime minister issued orders to begin the development of a residential project that will be implemented in collaboration with…