KSA banks continue to show resilience
Saudi Arabia’s banking sector is being urged to shun its conservatism and start lending to the SME and housing sectors,…
Regulation, Risk & Compliance
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Qatar Lender CBQ Foreign Ownership Limit Upped To 25%
Foreign investors can own from Sunday 25 per cent of Commercial Bank of Qatar’s shares, a statement from the stock…
Commercial Bank gets nod to increase FOL to 25%
Commercial Bank has received approval from the Ministry of Economy and Commerce to increase the foreign ownership limit (FOL) to…
Alkhabeer capital's Saudi banking sector outlook
Alkhabeer Capital,, has released its latest Saudi Banking Sector Outlook for 2014. Overview - a stable banking sector …
Thirty wealthy Gulf investors sign up for $1.3m EU passport scheme
Around 30 wealthy Gulf residents have expressed their interest in signing up for a controversial Maltese scheme offering European citizenship…
Kuwait Prepares To Sign FATCA IGA
Kuwait's Ministry of Finance has stated its desire to sign a Model 1 Intergovernmental Agreement (IGA) to help banks comply…
SEC sets pricing of bonds worth USD2.5bn
Saudi Electricity Company has announced its successful completion of the pricing and issuance of the third international sukuk worth a…
IMF upgrades Qatar 2014 growth forecast to 5.9%
The International Monetary Fund yesterday raised GDP forecasts for Qatar to 5.9% from 5%, citing “a large public investment programme…
UAE money launderers face 10 years jail and Dh500,000 fine
Abu Dhabi: New rules to strengthen the fight against money laundering are being discussed by the Federal National Council’s financial…
New Dubai sukuk standards seek to clarify liability, rights
Dubai's main bourse has published new standards for structuring Islamic bonds, seeking to clarify their legal status and attract a…
GCC bonds, sukuk primary issuances total $97bn in 2013
The aggregate primary issuance of bonds and sukuks in the Gulf Cooperation Council region totalled $97.7bn in 2013, up 14.5%…
Barwa Bank initial mandated lead arranger on Ezdan debut syndication
Late in 2013 Ezdan took on a new direction by looking to strategically diversify their business. Ali Al-Obaidli,…