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…
Regulation, Risk & Compliance
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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…
GFMF 2015 to discuss world economy challenges and opportunities
The seventh Global Financial Markets Forum, the annual conference organised by the National Bank of Abu Dhabi, will discuss major…
UAE banks to comply with Fatca before deadline
The UAE’s financial institutes are set to comply with the US’s Foreign Account Tax Compliance Act (Fatca) before the deadline…
The Gulf Bond and Sukuk Association Endorses Terms for Collective Action Clauses for Middle East Sovereign Bonds
The Gulf Bond and Sukuk Association (GBSA), the trade association representing the Arabian Gulf fixed income market, has endorsed proposed…
Abu Dhabi Islamic Bank plans subordinated sukuk in Malaysia
Abu Dhabi Islamic Bank, the emirate's largest sharia-compliant bank, plans to issue capital-boosting Islamic bonds in Malaysia, its first foray…