Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

Thailand’s troubled Islamic Bank seeks investors to turn around business

July 7, 2015

Thailand’s sole fully-fledged Shariah-compliant financial institution, state-owned Islamic Bank of Thailand, branded as IBank, has become the target of domestic…

Read More

Hedge Funds & Alternative Investments

Egypt's currency devalued in attempt to encourage investment

July 6, 2015

The Egyptian pound has fallen to a new low against the US dollar, the second such drop in days, the…

Read More

Hedge Funds & Alternative Investments

Saudi is said to be planning sale of local currency bonds

July 6, 2015

Saudi Arabia, the country with the world’s lowest debt-to-GDP ratio, is evaluating the sale of local currency bonds to bridge…

Read More

Comment & Analysis

Moody's assigns Counterparty Risk Assessment to 16 UAE banks

July 3, 2015

Moody's Investors Service has assigned Counterparty Risk Assessments (CR Assessments) to 16 banks in the United Arab Emirates (UAE). It…

Read More

Islamic Finance

Oman central bank sets up Islamic banking department

July 2, 2015

The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step…

Read More

Legal

Two executives at Qatar-backed Uber arrested in France

July 2, 2015

French police have detained two executives from Uber for questioning as a government clampdown intensifies on the US-based taxi and…

Read More

Regulation, Risk & Compliance

Arab-U.S. bank relations suffer despite good governance

July 1, 2015

Some Arab banks are facing difficulties in dealing with U.S. banks despite having fulfilled all international requirements on supervision and…

Read More

Mergers & Acquisitions

Oman's Bank Sohar, Bank Dhofar plan due diligence on proposed merger

July 1, 2015

Oman's Bank Sohar and Bank Dhofar have entered into a non-binding agreement on a proposed merger, the two lenders said…

Read More

Property & Real Estate

Dubai Land Department: No Increase in Real Estate Registration Fees

June 30, 2015

Dubai Land Department has confirmed that real estate registration fees that are currently set at 4% will not be increased.…

Read More

Insurance

Kazakhstan introduces changes to obligatory insurance and Islamic finance laws

June 30, 2015

The purpose of the law is to introduce a system of obligatory insurance for employees, to create favorable conditions for…

Read More

Hedge Funds & Alternative Investments

Dubai’s Limitless to Pay Banks, Trade Creditors $564 Million

June 30, 2015

Dubai-based developer Limitless LLC will pay banks and trade creditors 2.07 billion dirhams ($564 million) after it sold part of…

Read More

Legal

Abu Dhabi Global Market Consults Open Market on its Draft Financial Services Regulations

June 30, 2015

Abu Dhabi Global Market has announced that it has published its draft financial services legislation, which includes the Financial Services…

Read More