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.
More than 100 countries support key changes to international bank regulation principles as a result of the global financial crisis, the Basel Committee of banking supervisory authorities said yesterday.
"Drawing on lessons le
The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year, said an expert banking panel.
The Basel Committee of global regulators said if the
Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its Pharmaceutical Competence Center (PCC) in Switzerland.
The certification verifies that the processes and procedures imple