SFO Offers Barclays Deal Amid Qatar Probe
Barclays has been asked to sign a deferred prosecution agreement (DPA) in the latest twist to a long-running Serious Fraud…
Regulation, Risk & Compliance
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Goldman Sachs Said to Seek Saudi Stock Trade License
Goldman Sachs Group Inc., which advises clients on more than $1 trillion of investments, applied to own and trade Saudi…
Barclays considers DPA agreement with Serious Fraud Office over Qatar dealings
The Serious Fraud Office has presented the bank with a deferred prosecution agreement. If Barclays accepts the deal it…
QCB loan-deposit cap set to weigh on bank lending
With the Qatar Central Bank stipulating banks to set the loan-to-deposit ratio to 100%, starting from 2017, the sector may…
Investments help to lift Sharjah Islamic Bank profit
Sharjah Islamic Bank said its net profit for the first half increased 1.2 per cent, boosted in part by a…
Arison mulls foreign partner for Bank Hapoalim
Shari Arison hopes that selling a stake to a foreign partner would help expand the Bank's international business. Shari…
UAE Corporates take Bond Route Whilst Saudi’s go Sukuk
Over the last month banks in the UAE have preferred conventional bond issuance whilst Saudi corporates have taken the Sukuk…
Abu Dhabi Islamic Bank expects approval from Bank Al-Maghrib
ADIB has applied for approval from the Morrocan Central Bank for approval to invest in participatory banking in Morocco by…
An Israeli gambling company beat one of Britain's biggest hedge funds in the takeover battle for Plus500
Odey Asset Management, the $US13.1 billion £8.4 billion London hedge fund, just lost a takeover battle for the UK-listed stock-trading…
HSBC Unit in the Cross Hairs of Saudi Regulator
HSBC Holdings PLC’s Saudi Arabia unit has come under investigation by regulators in the kingdom for its role in a…
Fatca Guidance Notes now available online
The UAE’s Ministry of Finance (MoF) announced that the Foreign Account Tax Compliance Act (Fatca) Guidance Notes along with a…
Central Bank issues Financial Stability Report – CBK also issues annual report for FY 2014-2015
The Central Bank of Kuwait has issued the Financial Stability Report for 2014 - Governor Dr Mohammad Al-Hashel announced yesterday.…