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…
Regulation, Risk & Compliance
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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…
New screening service tackles sukuk compliance hurdles
A new screening method for sukuk (Islamic bonds), developed in cooperation with Saudi Arabian financial institutions, aims to reduce the…
Clifford Chance reviews DIFC Court ruling against Bank Sarasin
In a detailed commentary, law firm Clifford Chance reviews what this ruling means for regulated firms in the DIFC. The…
Turkey's Biggest State Bank Applies to Found Islamic Bank
Turkey's largest state-run lender, Ziraat Bank, applied to Turkey's banking watchdog on Friday to establish its own interest-free Islamic bank.…
Central bank asks banks to block cards on suspicion of data theft
The Central Bank of the UAE on Tuesday asked a few banks operating in the country to block the usage…