Barclays denies wrongdoing in Saudi Arabia
Jeddah Barclays did not make any "illegal payment" to win a banking licence in Saudi Arabia, the bank said in…
Regulation, Risk & Compliance
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Investors Not Acting in Their Own Best Interest – RESEARCH
A Study from State Street's Center for Applied Research Highlights How Investor Behavior is Reshaping Investment Management In an investment…
Global economy prompts repayment fears for MENA traders – HSBC
Uncertainty over the global economy is increasingly prompting Middle Eastern companies to use financial instruments which offset the risk…
U.S. Engaging With More Than 50 Countries To Curtail Offshore Tax Evasion
The U.S. Department of the Treasury today announced that it is engaged with more than 50 countries and jurisdictions around…
Gulf banks go overseas to satisfy new funding rules
Gulf banks are poised to raise billions of dirhams of fresh funds in an effort to comply with impending funding…
Israeli banks demanding to see U.S. citizens' tax returns
In a move that some tax lawyers are calling a blatant violation of customer privacy, two Israeli banks are requiring…
Money market curbs to challenge Islamic banks in Oman
As Oman prepares to introduce Islamic finance, a restriction on the money market instruments which banks can use may curb…
Barclays faces further regulatory scrutiny as it braces for US fine
Barclays has revealed that an investigation into the way it had raised cash from Middle Eastern investors during the…
IMF urges GCC states to rein in spending
Most Arab oil exporting countries in the Gulf should plan to reduce growth in government spending to make their…
Coutts dropped Gulf clients after UK pressure
Coutts, the private banking arm of UK government-backed Royal Bank of Scotland Group (RBS), dropped Gulf customers this year…
State prosecutor indicts former Hapoalim chairman
The State Prosecutor today filed an indictment with the Tel Aviv District Court against Dan Dankner for crimes allegedly committed…
A&O and Bakers steer $1bn Turkish bond issue following Istanbul launches
Allen & Overy (A&O) and Baker & McKenzie have won roles advising on a major bond issue as Turkey’s biggest…