01/03/2019
The funds were frozen in November 2017 while passing through Noor Bank in Dubai after the Kuwaiti authorities said the money was linked to a dispute involving allegations of embezzlement by senior executives at The Port Fund
01/03/2019
Among a spate of path-breaking reforms aimed at fuelling economic growth.
01/02/2019
A retweet of a portion of a movie about Hitler’s downfall may see the CEO jailed, as insulting the Turkish president is a crime
01/02/2019
The UAE's banking system is the largest in terms of assets in the Middle East and North Africa.
01/02/2019
Investors will be eligible for a five or 10-year residency visa depending on the size of their investment in the UAE.
12/31/2018
It has been claimed the men conspired to illegally lend money to Qatari investors, who then used it to buy Barclays shares that propped up the bank during the financial crisis.
12/27/2018
The region’s expat financial advisory industry is facing a raft of government reforms to the way they work
12/27/2018
The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.
12/26/2018
The combined assets of all sovereign funds under study amounted to $8.11 trillion by the end of November 2018, with Saudi Arabia and UAE accounting for 10.8 and 14.5 percent of total assets, respectively. — SG
12/26/2018
This exemption shall not apply in respect of specifically specified fees, commissions or commercial discounts, a statement said.
12/24/2018
The listed lenders said the settlement covers previous years and 2018 fiscal year
12/24/2018
The new 10-year $1.31 billion refinancing contains all existing commercial lenders active in the Middle Eastern project finance market, and was required due to the original financing taking place in mid-2009, during the global financial crisis.
12/23/2018
Government’s deputy transport minister takes over as chairman
12/23/2018
A “regulatory sandbox,” as explained by The National, is a “framework that facilitates the development of the financial technology industry.”
12/21/2018
New research says it will take a generation to replace large number of foreign workers with Kuwaiti ones
12/20/2018
He discovered that his registered SIM card number was replaced with another one.
12/20/2018
Conflicting demands for seats in new cabinet
12/20/2018
When the bank discovered the incident, they checked the employee’s work and the second suspect’s account and later forwarded them to the competent authorities and then to the court.
12/20/2018
DIFC proposes to add a different type of investment company for managing multiple funds
12/20/2018
The source added that a number of international banks filed requests to join the Egyptian market.