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…
Regulation, Risk & Compliance
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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…
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…
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…