Wednesday 19 June 2013
 
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Location, rules may aid Dubai's Islamic finance push

  Dubai's strengths as a vibrant trading economy could help its push into Islamic finance, which has been plagued by doctrinal disputes and uncertainty over regulation.  

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UAE plans broad mortgage rules by mid-2013

The UAE central bank plans to issue broad regulations governing the housing mortgage industry by the middle of this year, aiming to ensure the stability of the sector, two sources familiar with the matter said on Sunday. "The

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UAE risks slowing property recovery with new rules

Last September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting for a chance to buy units in a luxury apartment complex. The complex, in a fashionable

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UAE tightens visa rules for visitors

  The UAE has adopted stricter norms for issuing short-term visas for people from many labour exporting countries, a report said.   The visas covered included tourist, visit and conference visas for

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Bahrain mulls new rules for street vendors

New rules to regulate street vendors across the kingdom will be issued soon, said Municipalities and Urban Planning Affairs Minister Dr Juma Al Ka’abi. Under the new regulations, peddling activities must be limited to Bahrainis who are fit

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New rules to boost Kuwait capital markets

Kuwait's new loan-to-deposit ratio rules for banks are aimed at encouraging capital market development, improving asset-liability matching and boosting credit supply, the country's new central bank governor said on Monday. Under legislatio

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New rules hit travel ban expats in Bahrain

New regulations that prevent hospitals from giving out medicines to non-residents could risk the lives of nearly 4,000 travel ban victims stranded in Bahrain, according to a human rights group. Expatriates who have been blacklisted in conn

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Islamic finance rules set for major review

Islamic finance may face its biggest shake-up in years as a top standard-setting body seeks to reform the way the industry does business, including the role of highly paid scholars in enforcing religious principles. Khaled Al Fakih, the ne

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Dubai's ENBD wary of cbank loan rules

Emirates NBD is wary of new regulations limiting loan exposures to state-linked entities, Dubai's largest lender said on Wednesday, after posting first-quarter earnings that beat analysts' forecasts. The UAE's central bank this month intr

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UAE cbank circular 'causes confusion'

A circular released by the UAE Central Bank earlier this month amending large exposure limit rules and introducing caps on loans to local governments and their related entities, has thrown some commercial banks into confusion. It has also

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