Banque Saudi Fransi plans $533 mln sukuk by end-June – banking sources
Banque Saudi Fransi plans to sell a capital-boosting Islamic bond worth around 2 billion riyals ($533 million), two banking sources…
Regulation, Risk & Compliance
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Islamic banks turning toward Basel III sukuk
The gradual implementation of Basel III accords since Jan. 1, 2013 has led to Islamic banks turning toward issuing Basel…
Qatar eyes deposit insurance as part of financial reforms
Qatar regulators will establish a deposit insurance framework that will include a sharia-compliant scheme, one of several reforms aimed at…
BNP Paribas 'could pay $3bn to resolve Iran claims'
BNP Paribas is in talks with US authorities to pay more than $3bn to resolve probes into whether the French…
Jersey eyes closer ties with UAE financial sector
Jersey, the self-governing British Crown dependency located in the English Channel, is keen on closer ties with the UAE’s financial…
Qatar's financial regulator bans, fines senior JP Morgan exec
A senior JP Morgan executive has been fined $20,000 and banned from being employed by any company operating in the…
UK fraud office steps up probe into Barclays over Qatar: FT
The UK fraud office stepped up its probe into British bank Barclays Plc's dealings with Qatar, the Financial Times reported…
Barclays Ex-CEO Diamond Facing Questioning Over Qatar Deal
U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc, In a probe into fees paid…
Digital banking changes face of finance service sector, says Doha Bank Group CEO
Fast growing digital banking services and strong efforts for regulatory realignment will create a paradigm shift in the financial service…
Bahrain's GFH appeals Kuwait market regulator monitoring
Bahrain-based Gulf Finance House has appealed a decision by Kuwait's financial regulator to monitor its Kuwait-listed shares after the stock…
Countries commit to automatic exchange of information in tax matters
Bank secrecy for tax purposes is coming to an end as countries and major financial centres commit to automatic exchange…
Large sovereign maturities issues hold back net debt growth in Q1 – NBK report
GCC debt markets experienced modest growth in the first quarter of 2014 on weaker private sector issuance and large maturing…