Iran's Future Bank appeals Bahrain decision to take it over
An Iranian-owned bank based in Bahrain has appealed a decision by local authorities to place it in administration, in a…
Regulation, Risk & Compliance
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Demand to ban conventional banks rejected
MPs demands to ban conventional banks and allow only Islamic banks to operate in Bahrain have been shot down by…
Abu Dhabi waits on new regulations to replace its abandoned rents cap
Eighteen months after Abu Dhabi removed a 5 per cent rent cap for properties in the capital, questions are being…
What next for Dubai property in 2015?
During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan…
The Consolidation advantage
Having larger banks with higher capacity is more beneficial for the country than smaller institutions that are likely to fail…
Clearer regulation key to future Dubai success
A sea change in regulation within the UAE is paving the way to growth for financial services businesses operating in…
Major venture capital issues discussed
Venture capital issues were discussed at a key meeting yesterday. The Waqf Fund held its eighth roundtable discussion on…
MoF and RAK Investment Authority sign MoU
The Ministry of Finance (MoF) recently signed a MoU with Ras Al Khaimah Investment Authority (RAKIA). This MoUhas been signed…
CBO refutes currency depreciation rumours in Oman
Speculations about depreciating the local currency due to declining oil prices, have been dismissed by Hamoud bin Sanjour Al Zadjali,…
Saudi Arabia sets rules for foreign investment in its stock market
Saudi Arabia’s regulator has finalised rules for direct foreign investment in its stock market. The Capital Market Authority will…
Private banks flock to Gujarat IFSC
India's top banks have branches in the Dubai International Financial Centre but India’ first international financial services centre coming up…
Saudi finalises rules for foreign opening of equity markets
Saudi Arabia’s capital markets regulator said on Monday it has finalised rules ahead of the opening up of its $550…