UAE bankruptcy law final draft approved by cabinet
“Today we approved the final draft of the Federal law on Bankruptcy. The law aims to enhance the investment attractiveness…
Regulation, Risk & Compliance
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Al Baraka unit to merge with Pakistan’s Burj Bank
Bahrain-based Al Baraka Banking Group, one of the Gulf’s top Islamic banks, said its Pakistani unit would merge with Pakistan’s…
UAE Entrepreneurs, Investors Welcome Proposed Bankruptcy Law
One of the major grievances entrepreneurs in the UAE have long had about starting and scaling business in the country…
UAE bankruptcy law will not offer protection for defaults on personal debt
The UAE’s new bankruptcy law will not offer protection from jail for individuals unable to repay their debts, according to…
Arab banks' ties to foreign banks under pressure, survey finds
More than a third of Arab banks have seen their business links with foreign banks shrink over the past four…
Israeli Court Issues FATCA Injunction
The Supreme Court of Israel recently issued an interim order preventing the Israeli Government from transferring personal financial data to…
UAE Central Bank plans five-year roadmap
The Central Bank of the UAE has approved its five-year strategic plan with a focus on a number of initiatives…
SIB successfully issues US$500 million sukuk
The Sharjah Islamic Bank PJSC has successfully issued a US$500 million sukuk in international capital markets, eliciting an outstanding response…
Mandani: KFH's Real Estate Portfolios Stable, Improvement in Quality
Group General Manager Private Banking at Kuwait Finance House, Waleed Khaled Mandani said that Kuwaiti Banks are the best regionally…
Iran banks to set up in Germany
Two private Iranian banks will open branches in Munich, officials confirmed Monday, as the Islamic republic looks for ways around…
Dubai finance hub defies global bank cuts to add more positions
The Dubai International Financial Centre said the number of companies based in the hub rose 16% during the first half…
QNB authorises banks for dollar bond issuance
Qatar National Bank is set to price a five-year bond of benchmark size after announcing initial price thoughts in the…