RBI, UAE central bank sign MoU on currency swap cooperation
The union cabinet on Wednesday granted ex-facto approval to a memorandum of understanding signed between Reserve Bank of India and…
Trading, Broking & Stock Exchanges
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Investment Pros Wary of Robo- Advisor Threat
Of the growing number of fintech innovations, robo-advisers will have the greatest impact on the financial services industry in the…
Abu Dhabi Signs MoU With Chinese Bank Regulator
Abu Dhabi Global Market (ADGM)'s Financial Services Regulatory Authority (FSRA) and the China Banking Regulatory Commission (CBRC) entered into a…
Bahrain Bourse Lists BBK Capital Securities
Bahrain Bourse has signed two agreements with BBK, the first is to list BBK’s perpetual tier 1 convertible capital securities…
Saudi bourse says to have T+2 settlement early 2017
The Capital Market Authority has approved the switch to T+2 settlement "during the first half of 2017", the exchange said…
Emirates NBD Saudi Arabia PMI
Growth of Saudi Arabia's non-oil private sector stalled in April, with business conditions improving at the slowest pace in three…
Saudis Ease Stock-Investing Rules in New Foreign Enticement
Saudi Arabia took further steps to open up its stock market to foreigners in a move that may help it…
ADS Securities Launches First Ever Arabic Trading App
ADS Securities, the Abu Dhabi based international financial services firm, has launched the first ever multi-asset smartphone trading application with…
Turkey central bank promotes head of markets to deputy governor -sources
Turkey's central bank will promote the head of its markets division to the position of deputy governor, officials told Reuters…
Boubyan Bank obtains approval for up to $250 m sukuk issuance
Boubyan Bank announced that it has completed all the regulatory approvals to issue and market sukuk to strengthen its capital…
DIFC Signs Agreement With DEC
Dubai International Financial Centre today signed a strategic partnership agreement with Dubai Economic Council. The agreement mandates the two…
UAE bankers take stock of uncertainties
The global economy is facing uncertain times. The economic challenges range from a crash in oil prices albeit a…