Abu Dhabi fund ADIA appoints Beaton global operations head
Abu Dhabi Investment Authority has appointed Garry Beaton to the newly created role of global head of operations, the sovereign…
Regulation, Risk & Compliance
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Ithmaar Bank to close Qatar rep office
In a statement to Bahrain Bourse, Ithmaar Bank has revealed plans to shut its representative office in Doha, Qatar. …
Egyptian Life Takaful-GIG to activate bancassurance deal with NBK soon
Egyptian Life Takaful Company - GIG is entering into bancassurance partnership with the National Bank of Kuwait - NBK Egypt…
Qatar National Bank gets go-ahead to open branch in India
Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s…
Banks should complete documentation for loans
I have been working for a private firm in the UAE since July 2014. In September 2015, I had applied…
Sharjah Islamic Bank plans benchmark dollar sukuk issue
Sharjah Islamic Bank will begin investor meetings on Aug. 29 for a potential benchmark U.S. dollar-denominated sukuk issue, the lender…
Moody’s upgrades Masraf Al Rayan’s issuer ratings
Global credit rating agency Moody’s has upgraded Masraf Al Rayan’s long term issuer ratings to A1 from A2 and Counterparty…
WIBC set to strengthen ethical Islamic finance
In strategic partnership with the Central Bank of Bahrain, World Islamic Banking Conference 2016 is set to gather over 1,300…
Liechtenstein approves double tax agreement with the UAE
Liechtenstein has approved a double taxation agreement with the United Arab Emirates, as well as Iceland and Andorra. The…
'Weak deposits, credit to affect UAE banks' profitability'
Banks are forecast to face tougher times ahead, as consumers are making less cash deposits, while business and government loans…
Exiled Yemen government risks humanitarian catastrophe to cut off central bank
In Yemen’s war of attrition, the Saudi-backed exiled government has now decided that the central bank is an easier target…
Lebanese Canadian Bank shareholders sue Deloitte for failing to flag up money laundering
A Dubai-based investment group is suing the Middle Eastern arm of Deloitte and Touche after the accounting firm failed to…