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,…
Regulation, Risk & Compliance
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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…
Bahrain Central Bank Puts Bank, Insurer Into administration
Bahrain’s central bank said it has placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration to protect…
Egypt’s crackdown on dollar black market cripples importers
Egypt’s central bank has recently begun a crackdown on the currency black market, yet financial experts believed that such a…
RBS returns Qatar banking licence, country head departs
Royal Bank of Scotland has closed its branch in Qatar with its country head departing, RBS told Reuters on Thursday,…
Bahrain central bank puts Iran-linked bank, insurer into administration
Bahrain's central bank said on Thursday it had placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration…
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…
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…