IIA takes a fresh look at risk management model
The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model for risk management that has…
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GCC banks and regulators see new opportunities in mergers
Once a taboo in the GCC bank boardrooms, the option of a merger has become more acceptable, thanks to the…
Saudi Arabia's biggest lender NCB in merger talks with rival Riyad Bank
National Commercial Bank, the biggest lender by assets in Saudi Arabia, is in preliminary talks to merge with rival Riyad…
Two Saudi sovereign wealth funds among the Top 10 globally
Saudi Arabian Monetary Authority (SAMA) has retained its position as the world’s sixth largest sovereign wealth fund (SWF) with a…
Dubai joins India’s GJEPC in its MyKYCBank initiative
Surat: Gems and Jewellery Export Promotion Council (GJEPC) and Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodity Centre…
Bank of Sharjah open to mergers
The Bank of Sharjah is open to mergers as the consolidation trend in the UAE's banking sector is set to…
GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings
Link to Fitch Ratings' Report(s): GCC Islamic Banks: 2018 Compendium - Strong Growth, but Weaker Creditworthiness than GCC Conventional Banks…
New central bank chief takes office in Israel
The Bank of Israel’s new governor says the country’s financial stability should not be taken for granted in a period…
Bank Sohar unveils its new brand as Sohar International
As a part of its new vision to become a world-leading Omani service company, Bank Sohar, as it was formerly…
Egypt, UAE and Tunisia among best countries worldwide in developing renewable energy
Egypt, Tunisia, and the UAE have been listed among the World Bank’s list of the best countries developing renewable energy…
Islamic finance hubs in GCC, Southeast Asia come closer
The fast growing global Islamic economy, estimated at a current value of $6.4tn, has become a main driver for Islamic…
Singapore private banks target Non-Resident Indians in Middle East expansion
Private banks based in Singapore are aggressively expanding their wealth management operations in the Middle East as they aim to…