Saudi banks told to reschedule loans of clients hit by cuts
Saudi Arabia’s central bank directed local lenders to reschedule the consumer loans of clients affected by last week’s decision to…
Regulation, Risk & Compliance
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Tunisia hosts key financial forum
General Council for Islamic Banks and Financial Institutions in association with the Union of Arab Banks have launched the ‘Developing…
Turkish Consumer Loan and Credit Card Use Restrictions Relaxed
Recent development Aiming to sustain domestic demand and available consumer financing, on September 27, 2016, the Turkish Banking Regulatory…
Qatari funds nurse €1bn loss on Deutsche Bank stake
Qatari funds are nursing a €1bn loss on their investments in Deutsche Bank, after a 60pc rout in the troubled…
Saudi c.bank orders rescheduling of consumer loans hit by austerity
Saudi Arabia's central bank said on Sunday it had given commercial banks instructions to reschedule consumer loans of customers hit…
Islamic banking growth outpaces conventional peers in key markets
The Islamic banking sector continues to outpace growth of conventional banking in key markets, often supported by proactive regulations and…
ADFD becomes a founding member at Lives and Livelihoods Fund, commits AED 180 mn
The Abu Dhabi Fund for Development signed an agreement with the Islamic Development Bank to become a founding member of…
UAE decree to ensure wages are paid on time comes into force
A decree aimed at ensuring people receive their wages in full and on time takes effect on Monday. The…
Bahrain to require external sharia auditors for Islamic banks
Bahrain's central bank has proposed new governance rules that would require Islamic banks in the kingdom to conduct external sharia…
Yemen’s new central bank governor says inherited ‘bank empty of money’
Yemen’s newly appointed central bank governor said on Thursday he had inherited a bank with no money, a dysfunctional monetary…
Saudi Arabia calls on US to 'correct' 9/11 legislation
Saudi Arabia called on the United States to “correct” the bill that allows 9/11 victims’ families to sue Saudi Arabia…
Eureeca Opens European Hub in Amsterdam
Dubai based Eureeca, a global investment crowdfunding platform, has officially opened its European hub with an office in the Netherlands.…