07/10/2019
Turkish Currency Falls After Erdogan Fires Central Bank Head
Murat Çetinkaya refuses to obey president’s demand to lower interest rates, and economists now fear loss of confidence in lira.
Legal, Tax, Regulation & Compliance
07/10/2019
DFM And DIFC Launch “Dubai Sustainable Finance Working Group”
The multi-stakeholder Group held its first meeting at the DFM premises to discuss the action plan that will focus on combining Dubai’s finance sector’s initiatives to create a sustainable financial hub in the region
07/10/2019
Abu Dhabi Global Market welcomes digital bank applications to its international financial centre
Welcomes local and global applications to establish digital banks in its International Financial Centre based in Abu Dhabi
07/10/2019
Scam alert: Fake bank operating in Dubai claims to offer easy loans
Dubai Financial Services Authority warns residents of new bank scam
07/09/2019
QCB's foreign exchange reserves rise to $52.7bn in May: QNB
The fiscal account surplus widened to 3.4% of GDP in fourth quarter (Q4) of 2018.
07/09/2019
Doha Bank announces QR5,000 cashback on loans
Customers choosing an insurance policy with a premium of $165 and above can avail QR2,500 cashback, while those selecting $225 or more are in line to receive QR5,000 cashback.
07/09/2019
The UAE Introduces Mandatory Country By Country Reporting
In 2018, Organization of Economic Development announced that the UAE has become a member of the Base Erosion Profit Shifting inclusive framework.
07/09/2019
Is the UAE financial system FATF-ready?
The UAE faces its first mutual evaluation by the Financial Action Task Force since the global financial crisis this month. But how prepared is it?
07/09/2019
UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank
A new report from the UAE's Central Bank found that lending growth slowed during 2018 when compared to the previous year
07/09/2019
EFF to mobilise around $38.6 billion financing over three years: IMF
The first 12 months are fully financed with the expected support from multilateral development banks and bilateral creditors
07/08/2019
UAE acts for transparency in tax, financial reporting
What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms?
07/08/2019
Creating a future through sustainable financing
There is a growing international consensus that sustainability considerations must be at the forefront of all decision making, as our medium to long term wellbeing depends on a healthy environment supported by sustainable economic and social development.
07/08/2019
UAE banking system strong: Central Bank
Financial Stability Report 2018 finds banks liquid and well capitalised
07/08/2019
Aafaq Islamic Finance expands its finance products, launches unique Sharia-compliant credit cards
Aafaq Islamic Finance's expansion in the retail business complements the growing demand for Islamic banking products in the UAE
07/08/2019
ADGM wins international recognition
The FSRA legal team was awarded the “Middle East In-House Legal Team of the year 2019”, “In-House Community Legal Team of the Year 2019 on Banking”, and “In-House Community Legal Team of the Year 2019 on Innovation”.
07/08/2019
Bank of Sharjah given green light to increase debt programme to $1.5bn
The lender also received approval to issue tier-1 bonds subject to approval by authorities
07/08/2019
UAE acts for transparency in tax, financial reporting
The OECD's BEPS project, endorsed by the G20 countries, was commissioned with a view to bringing more substance, coherence and transparency to the international taxation system
07/05/2019
Princess Haya Bint al-Hussein: The Dubai royal 'hiding in London'
The current ruler of Jordan, King Abdullah II, is her half-brother.
07/05/2019
Qatar financial regulator fines and bans directors of Guardian Wealth
The action taken by the Regulatory Authority emphasises the standards required of directors of authorised firms to ensure effective governance standards, systems and controls.
07/04/2019
Expat tycoons welcome UAE's new investment policy
The sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others," Sheikh Mohammed tweeted.