National Bank of Kuwait gets c.bank assent for capital-boosting bond
National Bank of Kuwait has received central bank approval to issue capital-boosting bonds worth up to 125 million dinars ($413.6…
Regulation, Risk & Compliance
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StanChart aims to hire financial crime compliance staff in Middle East
Standard Chartered plans to hire several financial crime-fighting staff in the Middle East, according to online jobs postings, as it…
Qatar’s D-SIBS banks to maintain more capital
Qatar’s ‘systematically important’ banks are required to maintain additional capital charge from next year. Effective from 2016, the domestic…
Emirates NDB mulls establishment of Islamic banking unit in RI
Emirates NBD, the Middle East’s largest banking group by assets, is considering establishing a new Islamic banking center in Indonesia,…
Standard Chartered faces new scrutiny over Iran business ties
Standard Chartered Bank continued to do business with Iran and Iranian –related companies, even after committing in 2007 to stop…
DIFC welcomes first Filipino bank
Dubai International Financial Centre, the financial and business gateway between the Middle East, Africa and Asia, today welcomed BDO Unibank…
Israel and Australia to negotiate tax treaty
There is no tax treaty between Australia and Israel, but the lack will soon be made good, according to an…
FDI limit in private sector banks likely to go up
To increase foreign funds inflows into the country, the government is said to be considering to relax investment norms by…
Emirates NDB Plans $300m Venture Into Indonesia's Islamic Banking Sector
Dubai-based bank Emirates NDB has expressed interest in spending $300 million to establish Islamic banks in Indonesia as it seeks…
1MDB mystery deepens as Abu Dhabi questions another missing US$993m to IPIC
Controversy over 1Malaysia Development Berhad (1MDB) is likely to spike after the Wall Street Journal reported today a second missing…
GIB wins Fastest Growing Asset Management Bank award
Gulf International Bank has won the Fastest Growing Asset Management Bank, Saudi Arabia” award from the international business magazine, Global…
Qatar Islamic Bank wins Islamic Bank of the Year award
Qatar Islamic Bank, Qatar’s leading Islamic Bank, has been recognised as the “Islamic Bank of the Year” by Arabian Business…