The UAE Internal Audit Association (UAE IAA) and the Institute of Risk Management (IRM) have signed a Memorandum of Understanding to promote and improve good risk management within the internal audit profession.
The memorandum out
Risk management is a big challenge for all financial institutions today and they must adopt stricter auditing systems with more constraints on activities and practices to cope in the coming period, said a top banking official.
Key EPC (Engineering, Procurement and Construction) issues such as project risk management and cost control will be thoroughly discussed by renowned experts of the industry at an upcoming EPC forum in Abu Dhabi.
Following the success of
Deutsche Bank, a leading global investment bank, has been awarded “Best Risk Management House in the Middle East" and "Best Investment Bank in Saudi Arabia" in Euromoney's Awards for Excellence 2012.
Ashok Aram, CEO Deutsche Bank, Mena sai
The Bahrain Institute of Banking and Finance (BIBF) has announced the signing of a MoU with the Global Association of Risk Professionals (GARP) for collaborating to market, train and certify young professionals in the area of risk management.
Lloyd's Register, a leading maritime risk management firm, has shut its operations in Iran and can no longer vouch for the safety of the Opec member's fleet due to Western sanctions, the head of the company told Reuters.
Majority of the companies in Bahrain said addressing the issue of managing risk was a key priority, according to a major European and Middle East business survey released this week by KPMG.
The survey incorporates feedback from around 2,90
Abu Dhabi-based Marisk Consultants said it has selected Canada-based Fincad's F3 as its derivatives valuation and risk management solutions.
A leading provider of financial analytics technology with more than 4,000 clients in over 80
ICD Middle East (ICD), a subsidiary of UK-based Institutional Cash Distributors, has launched its money market fund trading and risk management operations in the Middle East from its new office in Dubai.
A premier money market fund trading
The global financial crisis has given the Islamic finance industry a great opportunity and the sector is likely to sustain a period of strong growth for the rest of this decade, said a top banking expert.
The obvious flaws in conventional