09/02/2019
UAE’s Utico Signs Restructuring Agreement With Hyflux
Utico says that with the support of Hyflux’s board and management, "swift action" will be taken to bring all projects up to speed, as well as take on new projects
Legal, Tax, Regulation & Compliance
09/02/2019
Dubai Land Department & BSA launch joint initiative to streamline UAE’s real estate sector
The new initiative will especially facilitate the purchase and sale of properties by corporate entities with ultimate foreign ownership, therefore opening up the market to more corporate investors.
09/02/2019
Banks in Qatar to issue uniform demand guarantee letter soon
This will have a positive impact on the investment climate in Qatar and attract more foreign investments to the local market,” said Sheikha Tamader Al Thani, Director of International Relations and Chamber Affairs at ICC Qatar.
08/30/2019
U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
Treasury is targeting Jammal Trust Bank and its subsidiaries for brazenly enabling Hizballah’s financial activities.
08/28/2019
UAE Central Bank assets rises to Dh2,975.8 billion
UAE Central Bank’s Money Supply aggregate M1 decreased by one per cent
08/28/2019
RAKBANK partners with CRIF GULF DWC (Dun & Bradstreet) to offer SMEs business information, risk and compliance solutions
Customers will have access to great discounts on the aforementioned services to facilitate their business, making it more efficient, effective, and secure
08/27/2019
Qatar-controlled bank investigated by UK over money laundering
Al Rayan has come under scrutiny after it was revealed some clients have links to terror and extremist groups, including the Muslim Brotherhood and Hamas
08/27/2019
Israeli tycoon faces trial in Switzerland on corruption charges
The prosecutor’s office said last week that the charges include the corruption of foreign officials and falsifying documents.
08/27/2019
Qatar regulator fines biggest UAE bank $55M for obstructing probe
But after Saudi Arabia, the UAE, Bahrain and Egypt accused it of backing terrorism - a charge Doha denies - and imposed an economic boycott, the riyal came under pressure in the offshore market.
08/27/2019
Abu Dhabi's FAB rejects Qatari financial regulator's allegations
A statement from First Abu Dhabi Bank said that the allegations are 'entirely false'
08/27/2019
Who runs Noor Capital
The Emirati fund managed by Olivier Couriol?
08/27/2019
BlackRock Mideast Foray May Grow With Israel Infrastructure Push
To cope with a low-interest rate world, investors have looked to real assets including infrastructure to wring greater returns not tied to stock and bond prices.
08/25/2019
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
Qatar last year alleged that First Abu Dhabi Bank, the United Arab Emirates’ largest lender, made “bogus” foreign exchange deals to harm Qatar’s economy after the UAE and other Arab states began a boycott of Qatar in 2017, a charge
08/23/2019
Pharos holding announces prime talks on acquiring its two subsidiaries end in deadlock
Pharos Chairman & CEO said: "Pharos Holding and its subsidiaries will continue to provide our unique services while meeting the demands of local and foreign clients
08/23/2019
UAE businesses need to crack payment muddle
Mounting delays are clogging up all avenues to instant and vital funds
08/23/2019
Dubai Financial Market notes governance improvements
The stock exchange says company leadership teams have benefitted from a partnership with the Hawkamah Institute
08/22/2019
Law Amendment Granting Citizenship To Investors Sparks Controversy In Egypt
The 2018 amendment enabled to grant citizenship to investors who deposited at least seven million Egyptian pounds ($392,000) in Egyptian banks within a five-year period.
08/22/2019
QFC joins global league of financial centres to promote sustainable business growth
The QFC will also impart successful endeavours and initiatives in different financial sectors including Islamic finance, fintech, asset management, and capital markets.
08/22/2019
CBK requests for monthly report from banks on money sent to local charities from abroad
It instructed the banks to submit these data on a monthly basis starting from this month.
08/22/2019
Invest Bank resumes trading on ADX
Earlier in the month of April this year, the shareholders of Invest Bank approved a strategic investment by the Government of Sharjah and a reorganisation of the Board of Directors.