12/20/2019
Qatar set to establish centralised Shariah board
Currently, a decentralised Shariah governance structure is in place, which has caused governance concerns stemming from perceptions of conflicts of interest.
Legal, Tax, Regulation & Compliance
12/19/2019
Control, Simplicity And Collaboration – Offshore Talking Points From The United Arab Emirates
It is now generally understood that tax authorities and regulatory bodies can be expected to have access to private information and this is a changing landscape, but there is still scope to maintain legitimate privacy as against the public at large.
12/19/2019
Indonesia, UAE sign many economic cooperation deals
The two countries have explored plans to establish SWF of up to 10 billion USD since September to finance infrastructure projects in this biggest economy of Southeast Asia.
12/19/2019
Azerbaijan ruler Ilham Aliyev’s daughters transferred €15 million to Dubai co from Pilatus accounts
Magisterial inquiry report into Egrant allegations: payments made between September 2015 and March 2016, but no evidence found linking transfers to Egrant or the Muscats
12/19/2019
DFSA fines former compliance officer
Person is restricted from working in the DIFC
12/19/2019
The laws that changed the UAE’s personal finance landscape in 2019
Landmark legislation included insurance regulations, employment updates in the country's financial free zones and new insolvency laws
12/18/2019
Howden partners with Guardian Brokers to boost Middle East presence
Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories, it said.
12/18/2019
Saudi Al Moammar renews $30mln funding agreement with ANB
Al Moammar's credit facility agreement with the ANB was signed on December 12
12/18/2019
Qatar set to establish centralised Shariah board to bolster Islamic finance
Qatar has been rapidly developing its Islamic finance industry, whose total assets grew by a compounded annual growth rate of 8% since 2015 to $129bn in the first half of 2019, constituting 33% of Qatar’s total financial system assets.
12/18/2019
Oman's Capital Market Authority approves on sukuk
Sukuk is an Islamic financial certificate that obeys with Islamic religious law commonly recognized as Sharia.
12/18/2019
‘Global Britain’ may lead to blossoming of UK-GCC ties
Under the Global Britain idea, the UK can keep its partnership with the member states of the European bloc, develop its “special relationship” with the US and strengthen its relations with the rest of the world.
12/18/2019
Financial watchdog urges Turkey to step up efforts against money laundering
Turkey completed a national risk assessment in 2018.
12/17/2019
National Bank of Oman to exit from Egypt
The Muscat Securities Market-listed bank is the third largest by market capitalisation behind Bank Muscat and Bank Dhofar.
12/17/2019
UAE shuts accounts of Maltese tycoon accused of journalist's murder
Eight months before her death, Caruana Galizia wrote in her blog about 17 Black
12/17/2019
Control, Simplicity and Collaboration – Offshore Talking Points from the United Arab Emirates
The tension between transparency on the one hand and rights to a private life on the other is of course a hot topic in the western world.
12/16/2019
DED partners with CBD to provide easy banking services for new and renewing licensees
Aimed to facilitate business and reduce cost of doing business
12/15/2019
Crédit Agricole Egypt transforms club memberships into prepaid cards
The announcement came during a press conference held by the bank in the presence of Pierre Finas, the bank's managing director, and Walie Lotfy, deputy managing director, as well as journalists to review some of the bank's main achievements duri
12/15/2019
Bank Audi Egypt targets SMEs portfolio of EGP 5bn by 2019 end: managing director
At Bank Audi, we always put our customers first by reviewing the bank's strategy quarterly according to the economic changes on the local and global levels. The
12/15/2019
Bank Muscat announces new $100 million Fintech investment programme
The bank’s long-term commitment to innovation reflecting the latest technological trends in banking is endorsed with prestigious regional and global awards like Best Consumer Digital Bank in Oman award by Global Finance.
12/15/2019
Awad signs strategic partnership with Drake Star
Cross-border activity accounts for the majority of Drake Star Partners’ transactions across its global network.