Big UAE banks to benefit from $14.6bn Dubai World debt restructuring
The UAE’s big banks are set to receive a boost from the restructuring of $14.6 billion of Dubai World debt.…
Regulation, Risk & Compliance
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New rules to align UAE insurers with European solvency requirements
The United Arab Emirates Insurance Authority has issued new rules for conventional and Islamic insurance (takaful) firms, clarifying policyholders' rights…
Big Saudi firms to pay bonuses
Several of Saudi Arabia’s largest listed companies said they would pay out hundreds of millions of dollars in bonuses, days…
HSBC the latest bank to implement FATCA
Many people, including American citizens working in the Gulf state, received recently letters from their UAE-based banks asking them for…
Saraya Bandar Jissah signs financing pact with Bank of Beirut
Saraya Bandar Jissah, the company developing Oman`s newest Integrated Tourism Complex (ITC) in Muscat, have partnered with the Bank of…
Sport Capital sues GFH for £33m over failed Leeds takeover bid
Sport Capital, the BVI-based company which failed with a bid to buy Leeds United last year, has launched a £33m…
New Qualification Framework For Finance Professionals Eyed
The Chartered Institute for Securities & Investment (CISI) has signed a Memorandum of Understanding (MoU) with the Kuwait Capital Markets…
UAE’s NBAD CEO Declines Comment On Citigroup’s Egypt Consumer Unit
The chief executive of National Bank of Abu Dhabi declined to comment on Wednesday on whether his bank had bid…
Bank Muscat raises awareness on corporate fraud
Bank Muscat in association with the Economic Crime Unit of the Criminal Enquires and Investigation Directorate of the Royal Oman…
Tehran Investment Firm To Launch 1st Iranian ETF
A Tehran-based investment firm said Tuesday it plans to launch Iran's first exchange-traded fund modeled after the country's top stocks,…
Shari’ah banking seeks path through Iraqi strife
For all the sectarian violence gripping Iraq, Shari’ah-compliant banks operating in the nation see opportunities for growth. Elaf Islamic…
Kuwait freezes assets of former AUB chairman
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank.…