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…
Regulation, Risk & Compliance
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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…
Industry leaders from across the Middle East and Asia gather to address how the Islamic finance industry can respond to headwinds and refresh the vision for Islamic finance
Focusing on a fresh approach as to how industry leaders from across the key markets of the Middle East and…
Central bank’s divestment plan is a welcome move for Egypt
A recent stream of news coming out of Egypt’s central bank seems to represent a disturbing trend of expanding control…
Lebanese Nationals Largest Investors in Portugal Golden Visa Program
More and more frequently, the term second passport is coming up in conversations in coffee shops and amongst Lebanese nationals…
UAE banks agree 'mini insolvency law' to help SMEs
Banks in the UAE will suspend legal action against small and medium sized enterprises (SMEs) struggling to repay debt for…
Israeli banking execs face $650K pay cap
The Knesset unanimously approved a law that caps the salaries of Israeli bankers at $650,000 a year. The law,…
New data requirements proposed for Abu Dhabi trade licences
Companies applying for trade licences in Abu Dhabi may need to provide more information under plans that are being considered.…