Fitch affirms Bahrain's BMB Investment Bank at 'B-'
Fitch Ratings has affirmed BMB Investment Bank's (BMB) Long-term Issuer Default Rating (IDR) at 'B-' with a Stable Outlook, while…
Regulation, Risk & Compliance
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When to Go Above The Boss's Head
In May of 2008, four members of Lehman Brothers' senior-level management received a letter from a 14-year company veteran, Matthew…
Islamic banking calls for technology change
As the sultanate gears up to roll out Islamic banking early next year, Omani banks are preparing to adopt necessary…
World economy in dangerous situation: IMF chief
The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with…
World economy in dangerous situation: IMF chief
The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with…
Rating boost for Al Baraka Group
Al Baraka Banking Group (ABG) yesterday announced that Standard & Poors (S&P) reaffirmed ABG's investment grade long-term counterparty credit rating…
HRH the Premier: government committed to ensuring Bahrain's leading financial position
His Royal Highness Prince Khalifa bin Salman Al Khalifa the Prime Minister emphasized that the government's commitment to ensuring the…
BankMuscat Funds retain AA rating by S&P’s
BankMuscat Muscat Fund and BankMuscat Oryx Fund, the leading investment funds to tap high performance companies in Oman and the…
Sukuk investors increase holdings in NASDAQ Dubai custody
The value of Sukuk investments held for safekeeping in NASDAQ Dubai's custody has risen by 36% in the past year,…
Bahrain pushes Islamic bank mergers to boost capital
Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’…
Qatar to Allow Lenders to Manage Islamic Assets After Deadline
Qatari commercial banks may continue to manage Islamic assets beyond the year-end deadline to close their Islamic banking arms, the…
Oman stress-tests banks for euro crisis impact
Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and…