Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, said its Financial Services Regulatory Authority (FSRA) has been accepted as members of the International Association of Insurance Supervisors (IAIS) and the Base
National Bank of Kuwait (NBK) has issued KD125 million ($410.4 million), 10NC5, Subordinated Tier 2, Basel III compliant bonds.
The issuance represents the first investment grade-rated (Baa1 by Moody’s) B
A workshop on 'Stress Testing Techniques and Capital Planning according to Basel III' is being organised in Bahrain by the Union of Arab Banks, under the patronage of the Central Bank of Bahrain.
To be held at the Gulf Ho
Qatar Airways Cargo will launch a new "Pharma Express” service this month – the first of its kind in the industry, linking two key pharma origins - Brussels (Belgium) and Basel (Switzerland) - with the extensive airline&rsq
As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
In most ways, Islamic bank
Emirates SkyCargo, the freight division of Emirates, is set to further strengthen trade lanes between Switzerland and its worldwide network with the introduction of a weekly freighter service between Basel and Dubai.
The new freighter f
The Islamic Financial Services Board’s (IFSB) revised capital requirements for Bassel III could help strengthen the Islamic finance industry, according to a recent Standard & Poor's Ratings Services report.
The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa
Contract financing will be a critical factor for project roll-outs worth $159 billion in the region as the banking sector adjusts new regulations and cuts back on long-term lending activity, said an expert.
“Financing is a c
European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after US regulators told them they did not expect new regulations to take effect in 2013.