WB urges GCC states to improve quality of financial intermediation
Despite its depth, the GCC financial sector has not produced the expected inclusive growth-enhancing benefits, signalling a 'quality gap' with…
Regulation, Risk & Compliance
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Moody's and Fitch assign IBQ investment grade status
International Bank of Qatar has received investment grade credit ratings of "A2" and "A+" assigned by Moody's and Fitch respectively.…
Libya investment fund seeks management right amid freeze
The head of the Libyan Investment Authority has launched a campaign to try to convince the world - and Libyans…
Oman banks comfortable in capital adequacy
Oman banks are in a comfortable position in maintaining capital adequacy ratio — an international standard that measures a bank’s…
Thailand’s troubled Islamic Bank seeks investors to turn around business
Thailand’s sole fully-fledged Shariah-compliant financial institution, state-owned Islamic Bank of Thailand, branded as IBank, has become the target of domestic…
Egypt's currency devalued in attempt to encourage investment
The Egyptian pound has fallen to a new low against the US dollar, the second such drop in days, the…
Saudi is said to be planning sale of local currency bonds
Saudi Arabia, the country with the world’s lowest debt-to-GDP ratio, is evaluating the sale of local currency bonds to bridge…
Moody's assigns Counterparty Risk Assessment to 16 UAE banks
Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It…
Oman central bank sets up Islamic banking department
The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step…
Two executives at Qatar-backed Uber arrested in France
French police have detained two executives from Uber for questioning as a government clampdown intensifies on the US-based taxi and…
Arab-U.S. bank relations suffer despite good governance
Some Arab banks are facing difficulties in dealing with U.S. banks despite having fulfilled all international requirements on supervision and…
Oman's Bank Sohar, Bank Dhofar plan due diligence on proposed merger
Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the two lenders said…