Regulation, Risk & Compliance

Regulation, Risk & Compliance

Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

May 12, 2016

The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon,…

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Investment Banking

Bahrain’s Al Baraka Islamic Bank Gets Approval to Operate in Morocco

May 12, 2016

After receiving approval from Morocco’s central bank, Al Baraka Banking Group will invest in the Moroccan Islamic banking sector by…

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Regulation, Risk & Compliance

UAE banks to assess impact of new rules on impairments

May 12, 2016

Banks in the United Arab Emirates have been given until June 16 to assess the impact of new accounting standards,…

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Legal

DFSA Restricts Former Trader Noyan Ayhan

May 12, 2016

The Dubai Financial Services Authority announced today that it has imposed a restriction on Mr Noyan Ayhan, a former trader…

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FinTech

Abu Dhabi Global Market Sets Out Proposal for FinTech Regulatory Framework in the UAE

May 11, 2016

The Financial Services Regulatory Authority of Abu Dhabi Global Market today published a public consultation paper setting out its proposal…

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Islamic Finance

UAE approves creation of central Islamic finance authority

May 11, 2016

The UAE’s cabinet has approved the creation of a centralised Shariah authority that will monitor and set standards for Islamic…

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Regulation, Risk & Compliance

Banks need to rethink about changes and challenges, says KPMG

May 10, 2016

Banks need to rethink their approach when it comes to changes and challenges in their customer and business strategies, KPMG's…

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Executive Moves

HSBC Middle East CEO Joins Saudi Government After Shakeup

May 9, 2016

Saudi Arabia named HSBC Holdings Plc Middle East and North Africa Chief Executive Officer Mohammad Al Tuwaijri deputy minister of…

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Investment Banking

Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer

May 9, 2016

Led by banking major Emirates NBD (AED 45.57 billion), the top-11 most valued Dubai Financial Market -listed companies together added…

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Investment Banking

UAE Cabinet approves Sharia authority launch

May 9, 2016

The UAE Cabinet on Sunday approved the launch of a new Sharia Authority, a national regulator to set standards for…

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Regulation, Risk & Compliance

Saudi Arabia Forges Ahead With Government Shake-Up

May 9, 2016

Saudi Arabia forged ahead a far-reaching government shake-up this weekend, adding to a barrage of proposals aimed at overhauling the…

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Investment Banking

Egyptians’ remittances retreat by $1 billion

May 9, 2016

Egyptian Central Bank’s Governor Tareq Amer recently told Kuwaiti officials that remittances of Egyptians working in Kuwait retreated by $1…

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