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…
Regulation, Risk & Compliance
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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…
Dubai Land Department: No Increase in Real Estate Registration Fees
Dubai Land Department has confirmed that real estate registration fees that are currently set at 4% will not be increased.…
Kazakhstan introduces changes to obligatory insurance and Islamic finance laws
The purpose of the law is to introduce a system of obligatory insurance for employees, to create favorable conditions for…
Dubai’s Limitless to Pay Banks, Trade Creditors $564 Million
Dubai-based developer Limitless LLC will pay banks and trade creditors 2.07 billion dirhams ($564 million) after it sold part of…
Abu Dhabi Global Market Consults Open Market on its Draft Financial Services Regulations
Abu Dhabi Global Market has announced that it has published its draft financial services legislation, which includes the Financial Services…
Basel III starts to dominate Top 1000 rankings
There has been an important departure in The Banker's methodology for the Top 1000 World Banks ranking this year, owing…
Regulatory requirements top challenge for 79% of financial services institutions – Deloitte
85 percent of financial institutions from around the world reported that their boards of directors currently devote more time to…
Insurance companies seek improved risk management framework
A significantly large number of insurance companies from the UAE and Saudi Arabia are seeking to enhance their risk management…
Concerns over Abu Dhabi’s IPIC bonds, after rescue of 1MDB
The US$4.5bil rescue of a struggling Malaysian state fund is good news for the Government but will load Abu Dhabi’s…