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…
Regulation, Risk & Compliance
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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…
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…