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.
Legal, Tax, Regulation & Compliance
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.
12/07/2018
Bahrain cbank issues final rules on open banking
Open banking services entail the provision of two broad categories of services, said the top official.
12/06/2018
DFSA signs MoU with Bank Negara Malaysia
The MoU anticipates the presence of Malaysian institutions, including those offering Islamic Finance, in the Dubai International Financial Centre, and formalises arrangements for regulatory cooperation and establishes a framework for exchange of informati
12/06/2018
Dubai’s ruler snubs Kuwait request to release frozen funds
Kuwait’s prosecutors have charged two Port Fund directors for allegedly embezzling funds that the Kuwait Port Authority and the Public Institution for Social Security had invested in Port Fund.
12/05/2018
Court cuts penalty in Dhs1.4m scam bid
The Criminal Court jailed the businessman, official and banker for three years plus deportation and ordered each to pay Dh14, 000 plus a Dhs5,000 fine.
12/05/2018
Dubai Financial Market Signs Memorandum Of Understanding With Awqaf And Minors Affairs Foundation
It is noteworthy that DFM has launched a securities endowment service in 2017 as part of the “Year of Giving” initiatives and has accelerated its efforts to promote the securities endowment culture this year as part of the “Year of Zayed
12/05/2018
Etihad Credit Insurance partners with Natixis to expand UAE businesses' global footprint
The areas of cooperation between ECI and Natixis include support for UAE businesses by educating them through a series of seminars and workshops on commercial and political risk mitigation, mutual collaboration in export finance solutions, and the exchang
12/05/2018
QCB Governor calls for diversifying Waqf investments
He also called for diversifying Waqf investments to cover different sectors, QNA reported.