Egypt's CIB says signs deal to sell investment bank to Orascom
Egypt's largest listed company, Commercial International Bank (CIB), said on Sunday it had signed a deal to sell its investment…
Regulation, Risk & Compliance
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Nigeria, Qatar sign agreements on air service, avoidance of double taxation
Nigeria and the State of Qatar on Sunday in Doha signed Bilateral Air Services Agreement (BASA) to pave way for…
Did Barclays PLC Take an Illegal Route During 2008 Crisis?
Barclays PLC has been recently accused of secretly paying investors in Qatar, around £346 million to ensure their participation, in…
5th Euromoney GCC Financial Forum kicks off
The 5th Euromoney GCC Financial Forum, co-hosted by Bahrain Economic Development Board kicked off today on a high note in…
Qatar's Masraf Al Rayan sees 8-10 pct profit growth in 2016 – chairman
Qatar's largest sharia-compliant bank Masraf Al Rayan is expected to post annual profit growth of between 8 and 10 percent…
Qatari bank Al Khaliji eyes capital bond issue
Qatar's Al Khalij Commercial Bank secured shareholder approval on Tuesday to issue up to 2 billion riyals ($549.2 million) of…
Bahrain to discuss bank regulations with US
Bahraini authorities will discuss with the US Treasury the problem of international banks becoming reluctant to deal with banks in…
Emirates Islamic supports Sharjah Leadership Program
Emirates Islamic has announced that it has signed an agreement with Sharjah Tatweer Forum under which it will support the…
Open the door to Islamic home finance
Discussions have been rife in the past whether Islamic home financing is “better” than a conventional mortgage to buy property. …
GCC states must cut spending further, impose VAT to cope with low oil – IMF
Gulf Cooperation Council countries must reduce state spending even further and implement taxes to cope with the period of low…
Swiss Affiliate Bank in Middle East Responsible for Financial Mis-selling Fails to Comply With Court Ruling
One of two defendants in the biggest ever financial mis-selling case in the GCC region, Bank Sarasin-Alpen (ME) Limited, the…
Dubai needs to update finance laws to compete
Dubai must overhaul its legal framework and issue more debt if it is to compete with the conventional and Islamic…