Commercial Bank of Kuwait appoints Mahfouz as CEO
Kuwait's Central Bank has approved the appointment of Elham Yousri Mahfouz as chief executive officer of Commercial Bank of Kuwait,…
Regulation, Risk & Compliance
8951 articles found
Kuwait Central Bank: No Restrictions On Foreign Derivatives Trading
Kuwaiti banks must comply with regulatory guidelines when trading derivatives but are not otherwise restricted from doing so, the central…
Iraq Islamic banks held back by lack of regulation-experts
Islamic banking operations account for 1.5% of total assets of Iraqi banks and could rise to 6% in the next…
RAK Free Zone Commits To Share Tax Info
The Ministry of Finance of the United Arab Emirates (UAE) announced that it recently signed a memorandum of understanding (MoU)…
Qatar's Ahli Bank deploys SunGard risk reporting tech
Ahli Bank Q.S.C, a leading Qatari bank specializing in retail and corporate banking, has deployed SunGard’s risk solutions to enhance…
Banks behaving badly: can Middle East sector profit?
The reputation of international banking is under scrutiny once again over another scandal, this time in the foreign currency trading…
Urgent need for training bankers in Islamic finance
With Islamic finance (IF) and Islamic financial products (IFP) growing popular worldwide, there is an urgent need for training bankers…
Islamic finance body IIFM launches collateralised murabaha standard
The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost…
Convergence between Shari’a and traditional accounting standards?
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is reportedly working with the International Accounting Standards Board…
Baker & McKenzie Habib Al Mulla advises Hasan Ismaik on sale of significant stake in Arabtec to Aabar Investments PJSC
Leading UAE law firm Baker & McKenzie Habib Al Mulla has advised Hasan Ismaik, the former CEO of the Dubai-based…
Service tax ‘to have no impact’ on remittances
The recently introduced service tax on remittance fee is unlikely to have an impact on foreign exchange inflow from non-resident…
Mashreq establishes Corporate Alliance with anti-fraud organisation
H.E. Abdul-Aziz Al-Ghurair, CEO of Mashreq, commented, “We are proud to be the first Bank in the Middle East to…