The Qatar Financial Centre (QFC), the country's financial regulator, has banned cryptocurrency trading. Not only that, but the prohibition applies to anything of value that is close to or a substitute for currency, can be digitally transferred or traded and be sued for investment or payment purposes for clients. The news comes from a report…
Read moreIndustrial and Commercial Bank of China's Doha branch was appointed as the clearing bank for yuan deals in an agreement signed in November 2014. Since 2011, China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg, Seoul and Toronto.
Read moreNew research undertaken by SunGard, one of the world’s leading software and technology services companies, has identified key requirements to support the growth of the Islamic banking industry. The survey also highlights the most important challenges faced by industry professionals today. SunGard surveyed 50 banking executives based in the UAE, Saudi Arabia, Qatar and Kuwait.…
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