BNP opens Dubai offices after Bahrain unrest
BNP Paribas, the largest foreign bank in Bahrain, has opened two offices in neighbouring Dubai as part of a drive…
Regulation, Risk & Compliance
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S&P says global crisis has boosted growth in the sukuk market
Standard & Poor's Ratings Services has published a report examining why sukuk issuance is gaining acceptance in markets beyond its…
DFSA Receives Delegation of Powers from the DIFC Registrar of Companies
The Dubai Financial Services Authority (DFSA) has accepted a delegation of certain powers from the DIFC Registrar of Companies (Registrar).…
Former Nakheel CEO awarded $3 mln by DIFC court
Nakheel's former chief executive, who had sued the indebted developer for breach of contract, was awarded $3 million in damages…
DFSA Signs Agreement With US Audit Regulator
The Dubai Financial Services Authority (DFSA) has entered into a Statement of Protocol with the US Public Company Accounting Oversight…
QFC Regulatory Authority symposium to address financial risk in the GCC
Central bankers, regulators and senior risk professionals from across the banking, insurance and asset management sectors in the region met…
Oman International Bank Selects SunGard's Ambit Treasury Management,
Oman International Bank has selected SunGard's Ambit Treasury Management, Ambit ALM and Ambit Credit Risk Management solution suites to help…
DIFC Courts honours GCC justice
The DIFC Courts has made its first enforcement under the Protocol on Enforcement of Judgments, Letters Regulatory and Judicial Notices…
UAE banks immune to EU crisis
Growth rate of loans in the UAE is normal and better than in many countries in the region in light…
A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies
A.M. Best Co. has released its criteria report, "Rating Takaful (Shari'a Compliant) Insurance Companies." The report is currently available in…
Gulf Bank implements new state-of-the-art system
Gulf Bank announced the successful installation of its new Enterprise Risk Management System from SunGard. This state-of-the-art system was completed…
Anti-money laundering role moved to DFSA
Dubai's financial regulator has had its remit extended to make it responsible for combating money laundering and terrorist financing. The…