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…
Regulation, Risk & Compliance
8959 articles found
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,…
Gulf region still a risk for investors, EIU report says
Despite improvements in regulations and moves to diversify Arab economies beyond natural resources, global investors remain wary of doing business…
Burgan Bank to raise capital this year
Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while…
QFCA promotes al-Jaida as its deputy CEO
The Qatar Financial Centre Authority has elevated Yousef Mohamed al-Jaida to the post of deputy CEO. “With the support…
Lebanon lifts banking secrecy 17 times in 2013
The Lebanese financial authorities lifted banking secrecy rules on 17 bank accounts suspected of involvement in money laundering, embezzlement and…