Citigroup sets sights on the Emirates and Middle East
Citigroup, the New York-based lender, is targeting expansion in the UAE. Citi, which recently exited its retail banking businesses…
Regulation, Risk & Compliance
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OECD unveils new global plans to crack down on corporate tax dodgers
The OECD released today its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises, under…
Dubai regulator imposes curbs on local Espirito Santo bank
The Dubai Financial Services Authority (DFSA) said on Thursday that it was imposing restrictions on ES Bankers (Dubai) Ltd (ESBD),…
WFW launches in Dubai with three-lawyer team
Farley & Williams has today (18 September) launched its first office in the Middle East, based in Dubai. The…
UAE Reviews Progress On Tax Transparency
The Government of the United Arab Emirates (UAE) recently convened a meeting in Dubai with local and federal ministries to…
Islamic finance: Searching for Sukuk
African governments are looking to sharia-compliant financial markets to attract investment from the Middle East. The trend is just gathering…
Tough US laws offer opportunity for banks
Bahrain-based banks need to treat tougher US action on non-compliance with sanctions as an opportunity, an expert has said. …
Turkey Risks Setting Dangerous Precedent, Bank Asya CEO Says
Turkish authorities haven't responded to pleas by Bank Asya that they act to prevent what the bank has called unfair…
Fed inspects Turkish Ziraat's New York branch
The United States Federal Reserve (Fed) has reportedly started an inspection of the financial transactions of Turkey's state-run Ziraat Bankası…
Kuwait woos foreign investors by suspending offset scheme
Kuwait has suspended a programme under which foreign winners of big government contracts are required to invest in the local…
BIBF to launch Bahrain's first Certified Fraud Examiner workshop
BIBF, in collaboration with The Association of Certified Fraud Examiners (ACFE), is launching the Certified Fraud Examiner (CFE) workshop for…
UAE bank plans to invest USD 5 bln in Serbia
National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic has said that after having received a preliminary bank founding permit, Mirabank…