Iran bank chiefs ousted in $2.6 bln fraud fallout
A $2.6 billion financial fraud that has shaken the government of Iranian President Mahmoud Ahmadinejad saw the heads of three…
Regulation, Risk & Compliance
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Thomson Reuters GRC Helps Ziraat Bank Re-enforce Commitment to Secure Transactions
T.C. Ziraat Bankasi A.S., the largest and oldest bank in Turkey, has engaged Thomson Reuters Governance, Risk and Compliance (accelus.thomsonreuters.com)…
Financial rivalry to boost asset industry
Rising competition among financial centres such as Dubai and Doha should help to develop the Gulf's US$50 billion (Dh183.65bn) asset…
Tamweel disputes to be moved into Dubai courts system
Disputes involving Tamweel, an Islamic home finance company based in Dubai, are being shifted to the emirate's courts and away…
UBS jobs in peril as CEO quits over alleged rogue trader scandal
Fears for hundreds of City jobs were raised on Saturday after the dramatic resignation of the boss of UBS, who…
Iran detains 19 suspects in $2.6bn bank fraud case
Iranian authorities have detained 19 people suspected of being involved in a $2.6 billion bank fraud scheme which is regarded…
U.S. tax-evasion probe turns to Israeli banks
The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's…
E&Y advisor to CBO on Islamic banking rules
The Central Bank of Oman (CBO) has appointed Ernst & Young to advise the apex bank on formulating a separate…
Societe Generale SS appointed sub-custodian for Deutsche Bank in Egypt
Societe Generale Securities Services (SGSS) has been appointed by Deutsche Bank AG to act as sub-custodian for its proprietary and…
Ajman Bank appoints new Chief Risk Officer
Ajman Bank recently announced the appointment of Talal Soubra as its new Chief Risk Officer (CRO). Mr. Soubra brings to…
NBAD launches 1st business banking centre in Sharjah
The National Bank of Abu Dhabi has launched its sixth business banking centre in the country and the first in…
Deposit guarantee may stay longer
The UAE government is considering extending a three-year decision to guarantee bank deposits introduced just after the eruption of the…