Gulf bankers meet to boost cooperation
Arab central bank governors of the energy-rich Gulf met yesterday in Kuwait to discuss combating terror funding and boosting cooperation.…
Regulation, Risk & Compliance
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Gulf Arab Rift Has No Effect On Central Bankers Meet
A diplomatic rift between Qatar and three other Gulf Arab countries had no effect on a meeting of Gulf central…
Tax law to force US expats to seek new investments
The looming implementation of the Foreign Account Tax Compliance Act (FATCA), a law designed as a tool to counteract tax…
Sudanese bank says dealings with Saudi Arabia unaffected
The general manager of the Bank of Khartoum Fadi Salim Al- Faqih said that the bank’s dealings with its counterparts…
National Bank of Abu Dhabi : UAE central bank chief warning on capital rules
Sultan Al Suwaidi says small businesses are at risk under new global financial regulations. The Central Bank governor yesterday…
Central Bank chief warns Basel III capital rules could curb SME growth
The Central Bank governor yesterday warned that Basel III banking rules could curb the growth of small and medium-sized business…
UAE banks want home buyers to disclose source of money used for down payment
Homebuyers in the UAE are being asked by banks to reveal the source of income for the money that will…
Gulf markets may steady as Qatar commits to security
Saudi Arabia, the UAE and Bahrain decided to withdraw their ambassadors from Doha on Wednesday, saying Qatar had failed to…
Veteran Saudi central banker to head Arab Monetary Fund
The Arab Monetary Fund (AMF) has appointed former Saudi central banker Abdulrahman bin Abdullah al Hamidy as director general and…
Egypt lifts ban on brokerage firms trading foreign stocks
Egypt's financial regulator, as part of a broader effort to invigorate the country's financial markets, has lifted a ban on…
Doha Bank eyes wholly-owned subsidiary for India operations
Doha Bank, which is set to a start full-fledged branch in India in eight months, is inclined towards establishing a…
GCC and Levant banks warned against complacency on capital requirements ahead of Basel III
GCC and Levant banks could face massive capital shortfalls because of tighter capital requirements if they do not manage their…