The important role of sukuk in the Basel III era
The implementation of Basel III rules has created several challenges to Islamic financial institutions (IFIs) especially with regards to capital…
Regulation, Risk & Compliance
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DIFC Authority announces enactment of DIFC netting law
The enactment of the Netting Law will create legal certainty in the DIFC as to the enforceability of close-out netting…
Egypt’s economy bouncing back after recent upheavals but IMF urges caution
The Egyptian economy has begun to show signs of recovery from the turmoil that followed the 2011 ousting of then…
GCC business houses need to integrate new accounting standards at an early stage: EY
The business houses, particularly the banking sector, in the Gulf Co-operation Council (GCC) need to integrate new accounting standards at…
John C Tsang, Financial Secretary of Hong Kong, rings bell to celebrate listing of Sukuk valued at AED 3.67 billion on NASDAQ Dubai
John C Tsang, the Financial Secretary of Hong Kong, today rang the market bell to celebrate the listing of a…
UAE and Hong Kong sign final agreement to avoid double taxation on income
The UAE signed today the final agreement for the avoidance of double taxation on income with Hong Kong, during a…
Abu Dhabi Global Market forms panel of 16 financial institutions
Abu Dhabi Global Market, the international financial centre in Abu Dhabi, today announced that its Pre-Open Market Consultation is underway…
Abu Dhabi Financial Zone Prepares To Receive Licence Applications
Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to…
Israeli Swiss bank tax evasion investigation widens
A senior Israeli is among many suspected of owning unreported Swiss bank accounts totaling hundreds of millions of euros. …
ME Bank implements Temenos product suite
Temenos has announced that Australia-based ME Bank has completed the implementation of a suite of Temenos products. These are…
MENA financial institutions facing hacktivism, cyber attacks
Booz Allen has released its annual Financial Services Cyber Trends. If 2014 was the “year of the breach,” then what…
DIFC hosts Hong Kong delegation
The Dubai Financial Services Authority has hosted a delegation of government, financial and business leaders from Hong Kong. The…