Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

The IFSB Announces the Release of Prudential and Structural Islamic Financial Indicators (PSIFIs) for 15 Member Countries

April 27, 2015

The Islamic Financial Services Board  is pleased to announce the release of a set of indicators on the financial soundness…

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Regulation, Risk & Compliance

Mashreq card holders to get discount from Gulf Air

April 23, 2015

Mashreq Qatar, a financial institution having presence across the region, recently signed a discount deal with Gulf Air, Bahrain’s National…

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Regulation, Risk & Compliance

Egypt receives $6 bln from Saudi Arabia, UAE, Kuwait – cenbanker

April 23, 2015

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6 billion with Egypt's central bank on Wednesday, the bank's governor…

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Regulation, Risk & Compliance

Securities trading framework being upgraded in Bahrain

April 23, 2015

Key upgrades to securities trading frameworks will improve market integrity, fairness, transparency and better safeguard the interests of investors, it…

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Investment Banking

CMA chairman's statement on qualified foreign financial institutions

April 23, 2015

Chairman of the Capital Market Authority Mohammed Aljadaan explained that there are several objectives that the Kingdom of Saudi Arabia…

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Comment & Analysis

Saudi to Allow Only Large Foreign Institutions to Invest in Local Market

April 23, 2015

Saudi Arabia will only allow large foreign financial institutions to invest in its $550 billion stock market, its market regulator…

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Regulation, Risk & Compliance

GCC region won't have VAT over the near term

April 23, 2015

UAE consumers can breathe a sigh of relief for now because no Value-added tax  will likely be implemented in the…

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Comment & Analysis

Malaysia and Saudi facing Iran’s rising finance power

April 22, 2015

With the easing of economic sanctions against Iran, the country is expected to unleash its enormous potential of Islamic finance…

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Hedge Funds & Alternative Investments

Dubai to slash business fines to enhance confidence among investors

April 22, 2015

The Government of Dubai announced on Tuesday that it would slash fines imposed on businesses in the emirate as part…

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Comment & Analysis

Some banks win, some lose in Dubai’s ‘Islamic economy’

April 22, 2015

Dubai’s drive to develop its Islamic finance sector is fueling growth of Shariah-compliant banking but the benefits are unevenly distributed,…

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Legal

DFSA Takes Action Against Hany Lotfy Awwad Abdelwahab

April 22, 2015

The Dubai Financial Services Authority has imposed a fine of USD 45,000 and a restriction, on Mr Hany Lotfy Awwad…

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Investment Banking

DFSA fine on Deutsche Bank illustrates need for balance between financial regulation and red tape

April 21, 2015

It’s a simple morality play for our times: big bad bank is caught breaking the rules; fearless watchdog steps in…

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