UAE Banks Federation launches significant rescue initiative for SMEs and medium-sized corporates
The UAE Banks Federation , the professional body which represents 49 banks in the UAE, has formally launched a new…
Regulation, Risk & Compliance
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El-Sissi appoints 10 new ministers
President Abdel Fattah El-Sisi named 10 new ministers, including the finance and investment portfolios, in a Cabinet reshuffle on Wednesday…
Ahli United Bank sets up UAE base in DIFC
Ahli United Bank Limited, a subsidiary of Ahli United Bank, has launched operations in the Dubai International Financial Centre. …
US claims it's not deterring foreign banks looking at Iran
Most international sanctions against Iran's economy were lifted in January after Tehran implemented a deal with world powers to curb…
Islamic finance, an untapped funding alternative for PPPs
Public Private Partnerships, arrangements between government agencies and private sector companies or investors to provide and maintain public assets and…
Finance House says plans for cash dividend distribution approved
Finance House said the UAE Central Bank has approved the distribution of cash dividends amounting to 10 per cent of…
Gulf states not holding back on major reforms
Oil’s dramatic fall since June 2014 is emboldening Middle East policymakers. Generous fuel and food subsidies are being slashed, sales…
Kuwait's Boubyan Bank aims to issue $250m sukuk by end-April
Kuwait's Boubyan Bank aims to issue sukuk worth $250 million before the end of April, the lender's chief executive said…
Bahrain Islamic Bank Joins the Pearl Initiative's Growing Network of Regional Corporate Partners
Bahrain Islamic Bank (BisB) has joined the Pearl Initiative, the leading Gulf business-led organization promoting a corporate culture of accountability…
Offering United Bank for sale still pending: chairman
The United Bank is set to be sold but the when and how is yet to be decided; the Central…
Pension reforms can be a timely solution for the UAE
There has been a lot of concern on the impact of oil prices on the UAE economy and on asset…
Saudi Arabia Tells Foreign Banks to Publicly Disclose Finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks…