Watchdog warned over possible penalty for Bank Asya action
As uncertainties over the management of the Islamic lender Bank Asya continue, auditors from the Banking Regulation and Supervision Agency…
Regulation, Risk & Compliance
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DIFC Drives 'Dubai Forward'
Dubai International Financial Centre (DIFC), the international financial centre for the Middle East, Africa and South Asia region, announced today…
DFM signs agreement with Korea Securities Finance Corp
Dubai Financial Market ( DFM ) has signed a Memorandum of Understanding (MoU) with Korea Securities Finance Corporation (KSFC) in…
UAE Foreign Minister Visits New Zealand, Talks FTA, Signs Agreements
New Zealand and United Arab Emirates or UAE signed a slew of agreements when its foreign minister Shaikh Abdullah Bin…
Electronic payments on mobiles reduce visits to bank branches
Minister of Commerce and Industry Tawfiq Al-Rabiah said the electronic payments depending on mobiles and tablets will remove other traditional…
Outlook on four Saudi Arabian Banks revised Negative after Sovereign outlook action
Standard & Poor's Ratings Services said today that it has revised its outlooks on four Saudi Arabian banks to negative…
Emirates hires banks for U.K.-guaranteed sukuk of up to $1 bln
Emirates, the Dubai-based airline, has hired banks to help it arrange a sukuk of up to $1 billion, according to…
Free trade agreement between UAE and Switzerland this year
Free Trade Agreement between Switzerland and the UAE will be implemented from July this year, a visiting dignitary from Switzerland…
IMF sees gaps limiting growth of Islamic banking
Islamic banks have yet to devise strategies for attracting large swathes of the global Muslim population, limiting the industry’s prospects,…
Kuwait's Investment Dar confident about debt-for-assets deal
Kuwait's Investment Dar remains on track to agree the bulk of a 813 million dinar ($2.8 billion) debt restructuring plan…
Threefold rise in cyber security business expected in Arabian Gulf region
The consultancy KPMG expects its cyber security business to grow nearly threefold over the coming years in the Arabian Gulf…
Takaful Insurance Law to help economic recovery of Oman
To meet the demands of nationals, the State Council has approved the draft Takaful Insurance Law, said a top State…