Wednesday 23 April 2014
 
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Bahrain aims for new business with takaful, sukuk rules

Bahrain's central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer. The

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US bombers fly into East China Sea zone

Two unarmed US B-52 bombers on a training mission flew over disputed islands in the East China Sea without informing Beijing, defying China's declaration of a new airspace defense zone and raising the stakes in a territorial standoff.

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US FDA issues final rules on mobile medical apps

The US Food and Drug Administration has issued final rules governing the development of mobile medical apps, saying it will focus its oversight on those products that have the potential to harm consumers if they do not function properly.

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Banks under pressure over new UK rules

Britain's banks are under pressure to make a success of new rules allowing customers to switch accounts within a week, if they want to avoid even tougher government demands such as an industry-wide information-sharing programme.

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Qatar central bank sends draft on Basel III rules

Qatar's central bank has sent a draft circular on new Basel III capital rules to conventional and Islamic banks that includes requirements for issuance of instruments such as hybrid bonds, it said on Thursday. "This is a

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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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