Gulf banks tighten credit for small firms as cheap oil bites
Banks are tightening lending conditions for small, private companies in the Gulf - a sign that the region's economies are…
Regulation, Risk & Compliance
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CFA Institute study calls for standardisation, simplification and transparency within the shadow banking sector to support the healthy functioning of the capital markets
As banks address new capital regulatory requirements and slow balance sheet growth, a new global study on alternative channels for…
Islamic banking industry in KSA set to reach $683 billion by 2019
The Islamic banking industry in Saudi Arabia is set to achieve $683 billion of Shariah-compliant assets by 2019, according to…
UAE billionaire calls for new rules on succession for Gulf family businesses
One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to…
The IFSB Announces the Release of Prudential and Structural Islamic Financial Indicators (PSIFIs) for 15 Member Countries
The Islamic Financial Services Board is pleased to announce the release of a set of indicators on the financial soundness…
Mashreq card holders to get discount from Gulf Air
Mashreq Qatar, a financial institution having presence across the region, recently signed a discount deal with Gulf Air, Bahrain’s National…
Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait – cenbanker
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor…
Securities trading framework being upgraded in Bahrain
Key upgrades to securities trading frameworks will improve market integrity, fairness, transparency and better safeguard the interests of investors, it…
CMA chairman's statement on qualified foreign financial institutions
Chairman of the Capital Market Authority Mohammed Aljadaan explained that there are several objectives that the Kingdom of Saudi Arabia…
Saudi to Allow Only Large Foreign Institutions to Invest in Local Market
Saudi Arabia will only allow large foreign financial institutions to invest in its $550 billion stock market, its market regulator…
GCC region won't have VAT over the near term
UAE consumers can breathe a sigh of relief for now because no Value-added tax will likely be implemented in the…
Malaysia and Saudi facing Iran’s rising finance power
With the easing of economic sanctions against Iran, the country is expected to unleash its enormous potential of Islamic finance…