Kazakh President Ousts Central Bank Head After Tenge Tumble
Kazakhstan’s President Nursultan Nazarbayev replaced central bank governor Kairat Kelimbetov after he devalued the currency twice in his two-year tenure.…
Regulation, Risk & Compliance
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SWIFT announces two senior executive appointments for the Middle East, Turkey and Africa Region
SWIFT, the financial messaging provider for more than 10,800 banks, securities institutions and corporate customers in 200 countries and territories,…
Egypt's Banque Misr to complete $250 mln 3-yr loan in Dec -chairman
Banque Misr expects to complete procedures next month to obtain a $250 million loan of three years duration, using it…
Gulf’s sovereign wealth funds provide the cushion
Evidence shows that the sovereign wealth funds at the disposal of the Gulf states remain as solid as ever. …
National Bank of Abu Dhabi to Buy $900 Million RBS Indian Loans
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, signed an agreement with Royal Bank of Scotland…
ADIB profits from increase in customer numbers
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, yesterday reported a 5.5 per cent rise in third-quarter…
GIB continues to expand its international network
Gulf International Bank today announced that, in line with its strategy to be a pan-GCC universal bank, it will be…
GGC financial committee to meet in Doha
The Gulf Cooperation Council (GCC) finance ministries’ undersecretaries will hold their 47th meeting on November 1 in Doha, Qatar. The…
UAE Central Bank says lenders ‘increasingly risk averse with businesses’
UAE banks are becoming increasingly risk averse when weighing loans to businesses, the Central Bank said in its latest credit…
Alkhabeer Capital partners with Al-Zamil & Al-Kharashi Law Firm to develop waqf endowments
· Partnership to complement Alkhabeer's "Waqf" program strategy · New program's structure overcomes traditional waqf challenges and provides complete…
600 regulators for Abu Dhabi summit
More than 600 global and local regulators are expected to discuss the latest trends impacting the regulatory, governance, risk and…
Noor Bank plans Sharia-compliant European stock index
Noor Bank is all set to launch a Sharia-compliant and Sustainable Equity Index-linked investment, targeted at the bank’s high-net worth…