Serbia's central bank issues licence to UAE's Mirabank
Serbia's central bank has issued an operating licence to Mirabank, a unit of the United Arab Emirates-based Royal Group conglomerate,…
Regulation, Risk & Compliance
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IFSB coducts public hearing on exposure drafts
The Islamic Financial Services Board (IFSB) yesterday conducted a public hearing on two exposure drafts, related to Islamic banking regulations…
Zurich and Citi sign Middle East bancassurance deal
Zurich and Citi have signed a 15 year bancassurance agreement to distribute life insurance products to retail clients across the…
Oman's Islamic Banking Assets Could Reach RO5BN by 2018: Study
Islamic banking in Oman is expected to grow at double-digit rates as shariacompliant banking products increasingly gain acceptance and the…
Former British Regulator Sants To Advise Abu Dhabi Financial Zone
Abu Dhabi’s new financial free zone has engaged Hector Sants, a former investment banker who headed Britain’s financial services regulator,…
Jordan Islamic Bank's ratings affirmed on 'Stable' Outlook
Capital Intelligence has affirmed Jordan Islamic Bank's Long and Short-Term Foreign Currency Ratings at 'BB-' and 'B', respectively. JIB's FCRs…
Do panic moves by central banks ever work?
A surprise interest rate hike by the Russian central bank late Monday night left analysts debating whether such "panicked" moves…
NBAD Sukuk income fund delivers 2.33 per cent dividends
The National Bank of Abu Dhabi NBAD’s Sukuk Income Fund has earned a total income of $798,923.60 which is equivalent…
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…
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…