Investors tell of worry as bogus Dubai ‘ponzi scheme’ payouts dry up
The net is tightening around rogue investment schemes in Dubai that have been milking hundreds of thousands of dirhams out…
Regulation, Risk & Compliance
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Saudi Banks Outlook Negative, New Austerity Measures Introduced
The outlook for Saudi Arabia’s banks have changed to negative from stable by credit rating agency, Moody’s Investors Service, because…
Saudi bank cost of credit ‘on the rise’
Bank deposits in the Kingdom averaged 7.5% in 2015 compared to an average of 13.6% a year ago, the National…
Ashghal, QDB sign MoU to support SMEs in Qatar
Qatar’s Public Works Authority (Ashghal) said it has signed a memorandum of understanding (MoU) with Qatar Development Bank (QDB) to…
FGB denies making bid for Barclays Egypt
First Gulf Bank, an Abu Dhabi-based bank, on Wednesday denied reports that it had made a bid to purchase Barclays…
BIBF in deal to launch Islamic arbitration certification
International Islamic Centre for Reconciliation and Arbitration (IICRA) to launch a joint Certification in Islamic Arbitration, and collaborate in other…
Saudi central bank raises home buyers' loan-to-value limit to 85%
Saudi Arabia's central bank will allow mortgage companies to supply a greater share of funding for home purchases, raising the…
Qatar to pass law on public-private partnerships by year-end
Qatar aims to enact a law covering the use of public-private partnerships (PPPs) by the end of 2016, part of…
KUWAIT: Cabinet nod to 10% tax on company profits
Kuwaiti Finance Minister Anas Al-Saleh told a press conference on Monday that the Cabinet had approved a plan to impose…
EIBFS hosts 70 bank employees at Basel III workshop
Emirates Institute for Banking and Financial Studies hosted an interactive workshop on Basel III implementation strategies and associated challenges for…
Saudi central bank governor vows to keep currency peg
Saudi Arabian Monetary Agency Governor Fahad al-Mubarak said he was committed to maintaining monetary policy to keep the kingdom's decades-long…
Falcon Private Bank secures licence in Dubai
Under its ‘3c licence’ type, the bank can now offer customised financial solutions to regional clients. Said Eduardo Leemann,…