Dubai
Claims director mis-stated profits in order to collect bonus
The continued success of its luxury goods certificates has inspired Vontobel to come out with version four
The National Bank of Abu Dhabi will continue to extend loans to clients in Dubai "selectively", despite the request by the gulf emirate's flagship entity, Dubai World, for a debt standstill, which has...
Banks are increasingly using their IT infrastructure to increase their competitive advantage. Learn how this can work in practice.
More Dubai articles
DUBAI - Four individuals charged with laundering £150 million in an alleged tax scam have pleaded not guilty in a Dubai court. The four suspects - a Briton, an Indian, a Pakistani and an Emirati, along with six companies, are accused of laundering funds...
Many Middle Eastern nations are keen to implement Basel II, and larger banks have been stepping up efforts to develop an op risk framework. But smaller banks are being hindered by a shortage of resources and experienced staff, as Victoria Pennington...
Dear Ms. Davis: This letter is written in my personal capacity, in response to your article Operational risk at a crossroads (OR&C, December 2006). In my professional capacity, I am the head of operational risk of the Emirates Bank Group in Dubai, the...
The market for sharia-compliant foreign exchange hedges continues to grow, with Citigroup structuring the first cross-border sharia-compliant cross-currency profit rate swap worth $230 million.
The Dubai Mercantile Exchange (DME), which is set to launch in the fourth quarter of this year, has strengthened its management team with newly appointed chief operating officer, Thomas Leaver, and chief compliance officer, Sarah Watts. They have both...
The Sultanate of Oman’s Ministry of Oil and Gas (MOG) and the Dubai Mercantile Exchange (DME) are working to develop a new Middle East sour crude futures contract backed by oil produced in Oman, which is set for launch in the fourth quarter this year....
Jane Kang Thorpe, director of the division of clearing and oversight of the Commodity Futures Trading Commission (CFTC), will leave the US regulator later this month. She leaves to take up a post as general counsel for the Dubai Regional Exchange (DRI)....
This handy guide reviews the various steps banks are taking to improve their risk management techniques, looking at the benefits and pitfalls of each one.
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