Iran hints at ending rial’s dual exchange rate system
Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end a…
Regulation, Risk & Compliance
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UAE banks' deposits surge in July
The Central Bank announced that the Money Supply aggregate M1 decreased by 2.3 per cent month-on-month to Dh469.8 billion at…
Opportunities for insurance distribution innovation in Gulf increasing, says expert
FOCUS: Opportunities for innovative models of insurance distribution in the Gulf region have been quite limited to date - but…
Egypt's finance ministry names 4 banks to issue $3 bln eurobonds
Four international investment banks were selected by Egypt to issue 3 billion dollar-denominated eurobonds in the global bond market, the…
Qatar sells $1.26bn in bonds, sukuk
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic…
Qatar First Bank development in London
Qatar First Bank and Alchemi Group have brought style and glamour back to the heart of London in their Leinster…
Saudi to let foreign institutions buy shares in IPOs
Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help…
Israel’s FIBI Bank Tightens Terms for Diamond Trade
The Israel Diamond Exchange pledged to contest a decision by First International Bank of Israel to tighten its lending standards…
Turkey Detains 29 Banking Inspectors as Purge Continues
Turkish authorities detained 29 inspectors on Friday from the BDDK banking watchdog for "irregular inspections," broadcaster NTV and other media…
Iran’s finance ministry, Exim Bank of China sign MOU
The Iranian finance ministry and the Export-Import Bank of China inked a memorandum of understanding on financing economic and infrastructure…
Bank Alfalah, Careem sign agreement
Bank Alfalah and premier chauffeur-driven car hailing platform, Careem have signed an agreement to provide a hefty 25 percent discount…
Ahli United Bank Kuwait plans sukuk issue of up to $200 mln
Ahli United Bank Kuwait has obtained approval from Kuwait's central bank to issue capital-boosting sukuk worth up to $200 million,…