06/26/2019
UAE Central Bank announces M1 decreases by 0.02%
The reduction in M1 was mainly due to a fall of AED4 billion in Monetary Deposits
Legal, Tax, Regulation & Compliance
06/26/2019
Abu Dhabi reinforces support to private sector with new measures
The announcements culminated in the launch of a major step forward in opening doors to doing business and investing in the Emirate via the ‘Abu Dhabi Instant Licence’.
06/26/2019
Abu Dhabi Financial Group Agrees to Merge With Dubai's Shuaa
Deal will create an investment bank with $12.8 billion AUM
06/26/2019
United Arab Emirates Regulatory Update
The Abu Dhabi Global Markets Authority adopted several amendments to their Commercial Legislation recently in a bid to align with the international best practices.
06/25/2019
Qatar attends Arab finance ministers' meeting
The State of Qatar is taking part in the meeting with a delegation headed by HE Qatar's Permanent Representative to the Arab League ambassador Ibrahim bin Abdulaziz al-Sahlawi.
06/25/2019
UAE monetary base up to AED396.2 bn in May
The CBUAE's current account balance reached AED25.1 billion in May 2019, with banks' required reserve standing AED126.3 billion.
06/25/2019
ALAFCO closes $470m 5 year unsecured Murabaha Facility
This transaction demonstrates the belief and confidence our partners have in ALAFCO, and we welcome them as we seek to develop long-term strategic partnerships going forward.
06/25/2019
People problems between the Gulf and the Horn of Africa
Migration trends threaten to exacerbate the region's socioeconomic troubles.
06/25/2019
Can Istanbul's New Mayor Stem Turkey's Capital Flight?
The election for Istanbul's mayor on June 23 was a rerun of a previous election in March.
06/25/2019
Bank of Bahrain and Kuwait hires banks for potential dollar bond sale
The Bahraini lender is 52.1% owned by Bahrain and Kuwait government entities.
06/25/2019
BCI Group Sign Agreement with Palestine Monetary Authority
To Connect with the Credit Registry System
06/24/2019
UAE's biggest lender FAB to shut Qatar operations amid row with Doha
The bank started its Qatar operations with a branch in November 2008, which was upgraded in April 2011 to provide full-fledged wholesale banking business.
06/24/2019
Luxembourg-Based Fund Maor Closes First Israel-Focused Fund
Maor’s mission is to explore and invest in the leading technology ecosystem of Israel while bridging the gap between Europe and Israel.
06/24/2019
UAE economy grows 2.2% in Q1 as non-oil sector maintains momentum
The non-oil economy grew 1.6% year-on-year in the first three months of 2019, according to central bank data
06/24/2019
New system to curb money laundering in UAE
goAML, a ‘one-stop solution’, launched to crack down on organised financial crimes
06/24/2019
Saudi Arabia Full member of the Financial Action Task Force
In 2015,the Kingdom received an invitation from the FATF to join the Group as an observer.
06/24/2019
Saudi Arabia's expat permanent residency to cost US$213,000
You can now live, work and play in Saudi Arabia without a sponsor
06/23/2019
The new DIFC Employment Law – key provisions
The New Employment Law does not carry through all of the proposed amendments from the draft law, but introduces some new provisions.
06/23/2019
UAE first to launch UN-developed anti-money laundering platform
The UAE is the first to launch the goAML platform in the GCC
06/23/2019
Financial laws compliance is a must for companies in UAE
Biggest challenge companies face is implementation as it entails additional costs