Credit Growth Expected To Slow
For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite…
Regulation, Risk & Compliance
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UAE cabinet approves creation of central Islamic finance authority
The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards…
Dubai Chamber opens international office in Maputo
· New office is 3rd in Africa and 5th internationally · Chamber delegation holds meetings on challenges and opportunities…
Saudi will continue to support banks despite new law – Fitch
Saudi Arabia’s new draft law on the resolution of financial institutions – currently under review – is unlikely to curb…
Shariah Gold Standard – $2 Trillion In Assets “Could Send Price Soaring”
The coming ‘shariah gold standard’ or shariah compliant gold could lead to a very significant source of new demand for…
Saudi businessman kidnapped in Egypt freed
Kidnapped Saudi businessman Hassan Ali al-Sanad has been released with the help of Egyptian security after more than a week…
Goldman, HSBC said among banks on Saudi exchange IPO shortlist
Goldman Sachs Group Inc. and HSBC Holdings Plc are among banks shortlisted by Saudi Arabia’s stock exchange to help manage…
Bank of China, 7th largest bank in world, receives permission to operate in Turkey
Bank of China, one of the world's largest financial institutions, has received permission to operate in Turkey, Deputy Prime Minister…
DIFC Courts winds up Bank Sarasin Alpen (ME) after failure to pay damages
Dubai-based Bank Sarasin Alpen (ME) has been placed into liquidation by the DIFC Courts after it failed to pay US$35…
RBI, UAE central bank sign MoU on currency swap cooperation
The union cabinet on Wednesday granted ex-facto approval to a memorandum of understanding signed between Reserve Bank of India and…
Abu Dhabi Signs MoU With Chinese Bank Regulator
Abu Dhabi Global Market (ADGM)'s Financial Services Regulatory Authority (FSRA) and the China Banking Regulatory Commission (CBRC) entered into a…
Fisch Asset Management says Middle East bond market on same path as Latin America
The Zurich-based Asset Manager believes that new issuances will offer diversity and improve liquidity in the region, leading to a…