Abu Dhabi banks to complete unification process in 2019
National Bank of Abu Dhabi and First Gulf Bank will unify its operations and records by 2019, WAM reported on…
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DFSA Signs International Agreement on Audit Oversight
The Dubai Financial Services Authority today joined 21 of the world’s leading regulators of auditors in an agreement to increase…
Credit Suisse's Perfect Storm
Credit Suisse had turned the corner after its billion-franc annual loss last year. Just two months later, the Swiss…
Turkish regulator gives new permits for PASHA Yatirim Bankasi
Turkey’s Banking Regulation and Supervision Agency has given permits for PASHA Yatirim Bankasi A.S., said a message posted on the…
Saudi Arabia picks hybrid structure for debut dollar sukuk
Saudi Arabia has chosen a hybrid structure for its debut international sukuk, the prospectus for the offer showed, a format…
Arab Bank Case May Show Trump’s Corporate Liability Views
The U.S. Supreme Court’s choice to weigh whether a Jordanian bank can be sued for allegedly funding militant attacks in…
Shares in First Abu Dhabi Bank surge
Shares in the merged National Bank of Abu Dhabi and FGB – now known as First Abu Dhabi Bank –…
Turkish banks taking losses on mortgages after rate pressure
Turkey’s banks are issuing mortgages at a loss as the government prioritises revival of the housing market to spur growth.…
Kuwait Financial Forum calls for supporting privatization
Kuwait Financial Forum concluded on Wednesday with recommendations focusingon necessity to press ahead with economic reforms and support small enterprise…
Dubai car crash leads Syrian millionaire to give away all his wealth
After a Dubai car accident that landed Syrian businessman Mazzi Dumato in jail for one night, the 38-year-old gave away…
GCC reforms safeguard banking bankers
The Gulf banking sector is resilient and capable to withstand ramifications resulting from bearish oil prices, thanks to the regional…