08/08/2017
Central Bank Pursuing IFSB Conformity
FSB is an international organization that issues guiding principles and standards within the banking.
Legal, Tax, Regulation & Compliance
08/04/2017
Qatar's Doha Bank seeking to reduce UAE loan book -sources
The decision by Qatar's fifth-biggest lender, which has a branch each in Dubai and Abu Dhabi, comes amid continuing tensions between Doha and a Saudi-led bloc, which on June 5 cut diplomatic and transport ties and also imposed some economic sanctions
08/03/2017
Abu Dhabi gives new deadline as 1MDB misses $600 million payment
It said all payments to IPIC would be made from the proceeds of the 1MDB rationalisation plan
08/03/2017
Oman signs $3.55 billion loan with Chinese banks
The loan saw strong interest from leading Chinese banks.
08/01/2017
Qatar files WTO complaint over Gulf trade 'siege'
The arbitrary measures taken by the siege countries are a clear violation of the provisions and conventions of international trade law.
08/01/2017
DFSA launches Crowdfunding Framework
The UAE government has an ambition to enhance the contribution and performance of the SME sector.
08/01/2017
Realty developer, four officials face Dhs84m fine
The investors signed a settlement agreement to purchase only five of the 14 villas on the condition they be delivered on June 30, 2016.
08/01/2017
KIPCO announces realignment of operations of its Bahrain-based United Gulf Bank
UGB is proposed to be delisted.
08/01/2017
Moody’s Wins License to Operate in Saudi Arabia, Big Three Now Complete
Standard & Poor's obtained a similar license last October.
07/31/2017
Abu Dhabi Ports signs $300 million investment cooperation agreement with China for manufacturing in Khalifa Port Free Trade Zone
Initial investments from five companies from the province will bring $300 million (AED 1.1 billion) to Abu Dhabi’s Khalifa Port Free Trade Zone, creating more than 1,400 jobs.
07/31/2017
Smaller insurance brokers may be nudged out of the market by new IA regulations
The UAE Insurance Authority's new circular insists brokers must maintain paid-up capital levels of 100 per cent or face suspension
07/30/2017
Global Banks Are Said to Shift Qatar Business From Dubai Hub
Regional banking operations are also being impacted amid the crisis.
07/30/2017
Controversy intensifies over new Banking Law
CBE surveyed IMF and World Bank experts regarding the law after field visits to several central banks, Amer said in an earlier statement
07/28/2017
Abu Dhabi Global Market inks new partnerships with Labuan
The Authorities are also prepared to develop relevant activities and events that foster financial innovation and closer regulatory cooperation in both jurisdictions.
07/28/2017
Qatar deposited over $10 bln in banks to offset crisis outflows
Deposit outflows look likely to continue in coming months.
07/28/2017
Imran urges UAE central bank to disclose non-residents’ accounts details
Panama Papers probe, in its final report, revealed Prime Minister Nawaz Sharif’s employment with an Emirate-based firm as chairman.
07/28/2017
It's time to move on without Qatar
New regional relationships will emerge and strengthen.
07/27/2017
Saudi foreign reserves rise in June for first time in a year
The long slide has worried financial markets because the reserves may be needed to defend the Saudi riyal from any speculative attack.
07/27/2017
Dubai's Mashreq bank sees drop in demand for Qatar business
Some clients were waiting to see how the crisis unfolded before making financing decisions.
07/27/2017
UAE asks banks to freeze accounts of those named on Qatar-linked blacklist
We have to go on without Qatar.