Chinese banks play major presence in Dubai int'l financial center: official
The banks from China play major presence and stand for 25 percent of the combined balance sheets of the Middle…
Regulation, Risk & Compliance
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Saudi Ahli Commercial Bank shuts down Beirut operations
The Saudi Ahli Commercial bank has decided to close its branches in Lebanon after years of operation in the country,…
DIFC adds 309 new firms in 2015
Dubai International Financial Centre or DIFC welcomed 309 new companies in 2015 up almost 28 per cent from the year…
Egypt cancels key investment forum after 'investor reluctance': Report
Serious doubts have surfaced surrounding a large investment conference in Egypt, after reports emerged that the event was due to…
UAE money exchangers raise sector growth worries with central bank
Money exchange houses in the United Arab Emirates are holding talks with the central bank about planned new capital requirements,…
Islamic Finance Set Sights on Standard for Gold-Based Products
A top guideline-setting body for Islamic finance is developing a standard for gold-based products in the industry, a move that…
Egypt: Banks introduce restrictions on dollar use abroad
Banks have begun taking measures to add restrictions on the use of dollars abroad by Egyptians, whether through cash or…
Jersey Signs Memorandum of Understanding with Abu Dhabi Global Market
The Jersey Financial Services Commission signed a landmark Memorandum Of Understanding with the Financial Services Regulatory Authority of Abu Dhabi…
Saudi Arabia looks to ease tightening liquidity in banking system
Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which…
Trade finance secures the deal for the UAE and Middle East
Trade finance in the UAE and Middle East is growing, but it faces challenges relating to the economic slowdown, high…
Abu Dhabi Global Market Signs Operational Agreement with UAE Central Bank
Abu Dhabi’s new financial free zone has signed an initial agreement with the UAE Central Bank, enabling the governance and…
Goldman Staff Said to Depart on Guidelines Breach in Mideast M&A
Three bankers have left Goldman Sachs Group Inc. after the U.S. firm determined they breached internal guidelines in connection with…