Egypt is experimenting with the IMF’s ideal reforms
During an interview on Al-Jazeera, the managing director of the International Monetary Fund, Christine Lagarde, has expressed her optimism about…
Regulation, Risk & Compliance
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Creditors of Kuwait's Investment Dar team up to mull $2.7bn debt plan
Creditors of Kuwait's debt laden Investment Dar, whose assets include property and finance, are close to forming a team to…
Kuwait Seeks Investors
Amidst persistent political unrest across the Middle East and a decline in oil prices, Kuwait among other Gulf countries –…
Dubai Bank, 1Link introduce first payment scheme
Dubai Islamic Bank Pakistan Limited has become first Islamic bank of the country to have signed the agreement with 1Link…
Burgan Bank announces procedure for protection of bank’s clients
Burgan Bank announced yesterday that according to the instructions issued by the Central Bank of Kuwait on the protection of…
Kuwait signs deal to set up tax info. swap with the US
The Ministry of Finance has signed a contract with the audit taxation bureau, Baker Tilly, in collaboration with Faizur Company,…
Bahrain foreign reserves halve since 2014 as oil slumps
Bahrain's foreign reserves have more than halved since the end of 2014 as low oil prices slash the value of…
Qatari buys Banif to set up private banking
One of the largest private companies in Qatar, Al Faisal Holdings, has bought Banif Portugal group’s 78.6 per cent shareholding…
Abu Dhabi Islamic Bank Said to Cut More Than 200 Jobs in U.A.E.
Abu Dhabi Islamic Bank PJSC, which bought Barclays Plc’s retail business in the United Arab Emirates, has cut more than…
Qatar Islamic Bank completes core banking overhaul with Temenos Islamic Suite
Qatar Islamic Bank has gone live with Temenos’ IslamicSuite package, a solution of mixed services including the vendor’s flagship core…
HSBC rules out rumors about exiting the Turkish market
HSBC is not planning to leave the Turkish market, the major international lender’s Turkey CEO has said. “HSBC has…
Al Tayer to hold meetings with IMF, WB
Obaid Al Tayer, Minister of State for Financial Affairs, will hold a series of bilateral meetings aimed at strengthening the…