Central Bank of Bahrain is urged to proceed with technology project
Adel Al A’ali, board member and head of the insurance and banks sector committee of the Bahrain Chamber of Commerce…
Regulation, Risk & Compliance
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Oman raises limit for banks’ government bond holdings: Sources
Oman’s central bank has increased the maximum amount of government securities which banks can hold to 45 percent of their…
Qatar central bank invites bids for 1.5 bln riyal T-bills
"The auction is for 1.5 billion but it depends on liquidity in the market. If there is a demand for…
Secret dealings of Middle East leaders exposed by Panama Papers leak
The secret offshore dealings of leaders of Saudi Arabia, Qatar, United Arab Emirates and Iraq have been exposed in huge…
Central Bank arranges to borrow KD 2 billion from local banks
The general debt managing committee formed by the finance ministry gave the Central Bank the green light to arrange for…
Lack of proper planning can derail IFRS implementation in KSA – Deloitte
The Kingdom of Saudi Arabia is soon set to join 130+ countries across the globe in the application of International…
Emirates Islamic to lay off staff
Emirates Islamic, the Dubai-based Sharia-compliant financing arm of Emirates NBD, is laying off 200 staff to cut costs as the…
HSBC's Saudi Division Made $42 Million Provisions to Pay Fines
HSBC Holdings Plc’s Saudi unit made provisions of 162 million riyals ($42 million) over the past two years to pay…
Global regulators move closer to regulating fintech
Global regulators have moved closer to regulating the fledgling fintech sector, which includes blockchain technology that supports bitcoin, to ensure…
Ominvest-led consortium to acquire Oman Arab Bank’s investment banking division
Oman International Development and Investment Company, together with its strategic partners Oman Investment Fund and Arab Bank, has entered into…
GCC has enough levers to pull to avoid crisis
According to Gary Dugan, chief investment officer — Private Banking at Emirates NBD, these levers include reserves and assets that…
Israel passes law to cap bankers' salaries
Israel has introduced one of the world's toughest curbs on bank executives' salaries to try to narrow a big gap…