12/17/2018
The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance
The figures are mind-boggling: A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related to 1MDB.
Legal, Tax, Regulation & Compliance
12/16/2018
Bahrain issues draft rules to regulate cryptocurrencies
The central bank has set December 31 as the deadline for feedback on the proposed regulations
12/14/2018
QCB strives to strengthen Qatar's financial sector
The committee monitors the day-to-day work of financial institutions in the country, addressing emergency matters and removing all obstacles to the flow of work.
12/14/2018
Bahrain central bank publishes draft rules on digital assets
Bahrain has identified fintech as a way to try to revive its credentials as a regional banking and business centre and has already launched a regulatory sandbox to allow firms to test and develop their products in a virtual space.
12/14/2018
Turkish bank keeps rates unchanged on inflation fall
In previous statements it said it would maintain the tight stance “decisively”, but that word was absent this time.
12/14/2018
Invest Bank board to recommend Sharjah govt as top strategic investor
Invest Bank is based in Sharjah, one of the seven emirates forming the United Arab Emirates federation, the statement added.
12/13/2018
27 suspects charged with Dhs635m fraud
He had so planned hoping that the major transfers would go unnoticed
12/13/2018
Ooredoo, Qatar First Bank sign deal on data security
Cloud-based disaster recovery ensures that Qatar First Bank can protect critical data and applications, while also minimising downtime in case of power outages or disruptions.
12/12/2018
Qatar Overcomes Negative Consequences Of Blockade Imposed By Neighbors - Central Bank
According to Al-Thani, the real GDP growth amounts to 2.5 percent this year compared to 1.6 percent in 2017.
12/12/2018
UAE, China Central Banks Meet To Enhance Renminbi Clearing
The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on 'Improving the Renminbi Clearing in the UAE'.
12/11/2018
New rule for UAE banks for issuing cheque books
Banks have been also encouraged to advise their customers to minimise the use of cheques.
12/11/2018
BSP, AMLC and the Kuwait-Dubai money feud
Two Kuwait government entities, the country’s port authority and pension fund, reportedly invested around $200 million in the Port Fund.
12/11/2018
Dubai Financial Market updates Sharia standards
The DFM became the world’s first Sharia-compliant exchange in 2007 and its standards, the first of their kind, thoroughly explain Islamic investment instruments such as sukuk, shares and green investment funds.
12/11/2018
Exempted companies to operate locally
With the proposed legislation, the Cayman Islands government is reacting to pressure from the European Union, which considers parts of Cayman’s tax regime as harmful.
12/11/2018
Israel Admitted to Global Anti-Money Laundering Organization
Israel’s accession to the 38-member international anti-money laundering body marks a notable turnaround from 2002, when it was still on the FATF’s blacklist of tax havens.
12/11/2018
Abu Dhabi Police warn against fake banking websites
Urge public to be cautious of links handing out special offers
12/10/2018
ICAEW recognises Middle East's best finance professionals
Industry professionals from across the Middle East attended last night's gala event, which included keynote address from Frank Gardner, BBC's Security Correspondent and British journalist.
12/10/2018
Aleema to face money laundering case if evidence found: adviser
The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.
12/07/2018
CBK prepares draft law regulating bankruptcy & restructuring banks
Move to promote financial technology industry
12/07/2018
CBRE and Excellerate Announce Plans for Africa and Middle East Joint Venture
The formation of CBRE Excellerate is subject to customary closing conditions, including government approvals, and is expected to be completed in the first half of 2019.