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…
Regulation, Risk & Compliance
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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…
BMFN Expands UAE Presence with Local Partnership with Noor Capital
The United Arab Emirates continues to position itself as a preferred destination for financial brokers who are looking to…
Saudi Central Bank Says May Cap Consumer Lending, Limits Fees
Saudi Arabia’s central bank has published new consumer lending regulations which give it the power to cap retail lending at…
Saudi stock market regulator fines seven companies for disclosure violations
Saudi Arabia’s stock market regulator has levied heavy fines on seven companies for a range of disclosure failings. They…
UAE ID required in bank clients’ records
It highlights the need of using the UAE ID card in individual customers’ transactions as an official proof of identity…