Qatar’s giant SWF replaces CEO
Qatar’s sovereign wealth fund, which controls an estimated US$170 billion in assets, has replaced its chief executive officer with a…
Regulation, Risk & Compliance
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UAE c.bank studying new rules for bank lending against shares
The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares, a senior…
Basel III standards are probed
Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus…
UAE Central Bank extends deadline to implement chip and pin
The UAE Central Bank has extended its deadline for banks around the country to implement the Chip and Pin technology…
Shrink to fit – Tackling the new regulatory climate in the UAE
With the Emirates Insurance Authority rolling out a host of regulations last month, it seems inevitable that the market will…
Iraq investigates private banks for money laundering
A prominent economic official in the Iraqi government, who preferred to remain anonymous, said in an interview with Al-Monitor that…
Turkey’s State-Run Halkbank Applies to Start Islamic Bank Unit
Turkey’s largest publicly listed state lender applied for permission to start an Islamic banking affiliate, as the government pushes to…
Bahrain to develop central shariah board for Islamic banks
Bahrain's central bank is setting up a central sharia board to help oversee Islamic finance products in the kingdom and…
Saudi regulator suspends Deloitte from auditing listed companies
Saudi Arabia’s market regulator has suspended the local unit of accountancy firm Deloitte & Touche from doing auditing work for…
UAE May Create Body To Monitor FX Peg, No Policy Change Likely
An advisory body to the United Arab Emirates government has suggested that the central bank review the country’s currency peg…
Bank Leumi Said to Be Near $400 Million US Tax Settlement
Bank Leumi Le Israel (LUMI) BM is close to a $400 million settlement of federal and state investigations into whether…
DIFC Courts, Kenyan judiciary sign enforcement guide
The signing of the DIFC Courts’ first Memorandum of Guidance (MoG) with an African country took place in the presence…