07/22/2019
Ken Costa looks to Saudi Arabia for next big deal
Former Lazard banker with strong Gulf links is not ready to retire just yet
Legal, Tax, Regulation & Compliance
07/22/2019
ADIB and Al Baraka sign MoU to expand network
Mazin Manna, Group CEO of ADIB, said: “Partnering with Al Baraka is closely aligned to our overall strategy of bringing value-add services to customers which can enhance their banking experience."
07/22/2019
DIFC's new insolvency law to provide firms better survival chance
Law due to be enforced next month gives managers a greater say when attempting to steer firms out of trouble
07/22/2019
Abu Dhabi global market deepens financial collaborations and economic ties with key institutions in China
ADGM also entered a new agreement with OneConnect Financial Technology (a subsidiary of Ping An group) to foster greater cross-border FinTech opportunities in support of the Belt-and-Road initiative.
07/22/2019
The DFSA joins network for greening the financial system
Dubai Financial Services Authority announced that it is now a member of the Central Banks and Supervisors Network for Greening the Financial System
07/21/2019
Varley refuses to give witness statement in £1.5bn Barclays case
Bank denies claims of deceit made by Amanda Staveley’s PCP Capital
07/21/2019
IMA scam victims in UAE hopeful after MD’s arrest
Firm was launched in India in 2006 as Islamic banking and halal investment
07/19/2019
PM Imran Khan writes to UAE President Sheikh Khalifa
In December 2018, UAE officially announced that it would assist Pakistan to help it overcome international payment crisis and to avoid the deal with the International Monetary Fund, which contained strict terms and conditions.
07/19/2019
Applications for 6-month UAE visit visa now accepted from abroad
Thus they can take the decision of applying for a residency visa or not.
07/19/2019
Woodbrook acquires Mondial
Deal establishes a base for the group in the Middle East
07/19/2019
Qatar can adopt Basel IV guidelines quickly: KPMG
The revised norms will result in banks facing a shift in the relative attractiveness of different types of exposures, which will also impact the attractiveness of adopting an internal model based approach to credit or market risk, KPMG said.
07/18/2019
Kazakhstan, UAE trade ties on solid growth trajectory
“The UAE has shown to the world how to successfully diversify the economy and attract experts in various government entities and regulatory bodies.
07/18/2019
FAB proposes removing foreign ownership cap
The Board of Directors’ proposal is subject to the supervision of regulatory authorities and would require amendments to the current laws and policies.
07/18/2019
Top International Business Lawyer Joins Kalbian Hagerty
Has joined the firm’s UAE office as Senior Counsel.
07/18/2019
Combating financial crime
3 focus areas for banks to achieve more effective and efficient customer due diligence
07/18/2019
Abu Dhabi regulator sets up framework for robo-advisers
We look forward to welcoming more robo-advisors to establish their presence in Abu Dhabi in ADGM and support investors with their innovative solutions.
07/17/2019
37% of the charities in Kuwait violated law
There are many evidences that some charity organizations have deviated from its course
07/17/2019
Turkey's new central banker maps out rate cuts
TURKEY'S new central bank governor ended days of silence since his surprise appointment by President Recep Tayyip Erdogan with a message that hinted at restraint as he pivots toward interest-rate cuts. Speaking in his first interview since his prede
07/17/2019
Dubai’s Amlak to restructure $1.2B by end of year
The company is asking creditors to reschedule repayments on debt over the originally agreed period that ends in 2026, people familiar with the matter said, asking not to be identified because the information is private.
07/17/2019
Qatar’s banking sector maintains resilience, amid evolving regulatory landscape, technological changes: KPMG
The publication complements KPMG’s GCC listed banks’ results report, which sets out some of the key financial indicators, issues and expected trends in the future for the banking industry in the region.