Uncategorized

Legal

Legal wrangles dent Dubai’s image as region’s financial centre

October 13, 2017

Differences between Dubai’s offshore international courts and its domestic-looking onshore courts are transforming the legal landscape in the emirate and…

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Hedge Funds & Alternative Investments

UK watchdog says sovereign listing plan in line with government policy

October 13, 2017

The Financial Conduct Authority said its proposals for listing state-controlled companies such as Saudi Aramco were in line with Britain’s…

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Comment & Analysis

Saudi women may be allowed to work in traffic directorates

October 12, 2017

Saudi women could soon be allowed to work in traffic directorates, according to Okaz newspaper.   A committee set up…

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Financial Results

UNB records net profit of AED 1,369 million for the nine month period ended 30 September 2017

October 12, 2017

Union National Bank, one of the leading banks based in the United Arab Emirates, recorded a net profit of AED…

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Comment & Analysis

Liquidity returns to Saudi Arabia banking industry

October 12, 2017

The liquidity of the Saudi Arabian banking system has improved as public-sector deposits that were yanked from lenders in the…

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Insurance

Saudi Arabia preparing tougher rules for insurers

October 12, 2017

Saudi Arabia's central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller…

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Comment & Analysis

What do the numbers say about the Kuwaiti banking system?

October 12, 2017

When the National Bank of Kuwait, the country’s biggest publicly traded lender, revealed its Q3 results at 73.7 million Kuwaiti…

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Regulation, Risk & Compliance

QIIB’s $2bn sukuk programme gets UK regulatory body approval

October 12, 2017

The UK Financial Conduct Authority has approved QIIB’s $2bn Trust Certificate issuance Programme and is expected to be admitted to…

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Comment & Analysis

IFRS9 to help reinforce confidence in banking system

October 12, 2017

The implementation of “impairment” provisions under the newly-promulgated International Financial Reporting Standard ‘IFRS9’ from 2018, the health of Qatari banks…

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Financial Results

Middle East Shares Gain, Qatar Boosted by Strong Earnings from Qatar National Bank

October 12, 2017

MidEast stocks rose, with Qatar boosted by a solid earnings report from the country's largest banks.   Qatar National Bank…

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Regulation, Risk & Compliance

‘Greater co-ordination’ among Qatar banks after blockade

October 12, 2017

Qatar’s banking sector went through a period of reorganisation after the illegal blockade of the country, which resulted in greater…

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Comment & Analysis

UAE economic growth to stay resilient

October 12, 2017

Non-oil growth in the UAE will remain resilient in 2017 while in the medium term, while economic activity will strengthen…

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