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…
Regulation, Risk & Compliance
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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…
NBK receives PCI-DSS Certification for Credit Card Fraud Prevention
National Bank of Kuwait has received the Payment Card Industry – Data Security Standards Certification from the qualified security assessors,…
Knightsbridge branch of Al Rayan Bank sees brisk business despite Brexit
Notwithstanding the Brexit impact, Al Rayan Bank’s (UK) Knightsbridge branch has witnessed unprecedented growth in the private client business with…
Emirates NBD’s Islamic arm cuts over 100 jobs
Emirates Islamic, the sharia-compliant arm of Dubai’s largest bank Emirates NBD, has laid off more than 100 people as part…
Business Outlook: Saudi Market and Investors
Stock markets around the world crashed in 2008 and billions of dollars were lost, but most of the world’s major…
UAE to provide Egypt central bank with 6-year, $1 bln deposit
The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of…
GFH considers stake in Bahrain’s Bank Al Khair
The Bahrain Islamic investment group GFH said on Monday it had signed a preliminary memorandum of understanding for a potential…