07/20/2017
Shuaa Capital finalises deal to buy two financial outfits
Integrated Capital and Integrated Securities in deal
Legal, Tax, Regulation & Compliance
07/20/2017
Nawaz Sharif is an employee of an offshore company in Dubai: Khaleej Times
The company, Capital FZE, was unearthed by the JIT probing money laundering allegations against the Sharif family.
07/20/2017
Assets of 13 listed UAE banks surge to $383billion in H1 2017
The growth witnessed by the UAE banking sector translates the bullish trend in the UAE markets and reflects a positive outlook for the coming period of the year.
07/20/2017
Supreme Court registrar received letters from Qatari prince, BVI after JIT dissolved
The request doesn’t show how the companies mentioned are involved in the crime of corruption.
07/20/2017
Addressing money laundering and terrorist financing risks
This is essential, given the trans-national nature of the threats.
07/19/2017
Barclays Trial on Qatar Payments Set for Jan 2019
Authorities carried out five-year investigations whether Barcalys payments to Qatar were integral and abiding by the disclosure procedures.
07/19/2017
DFSA Fines and Bans former Senior Executive Officer
This action also demonstrates that the DFSA works closely with our colleagues at other financial regulators to address misconduct that affects our respective jurisdictions.
07/19/2017
Property Portfolios of Turkish Banks
The amendment was published in Official Gazette No. 30121 on July 11, 2017 and entered into force on the same date.
07/19/2017
Barclays trial shows risk of taking money from Qatar
A crown court in London this week began to hear allegations of fraud conspiracy against Barclays and four executives, including the bank’s former chief executive John Varley.
07/18/2017
AgustaWestland chopper case: ED arrests woman director of Dubai firm
She has been remanded to four day custody.
07/17/2017
UAE economy to bounce back as oil prices recover, says IMF
Ample fiscal space allows deficits to decline gradually while mitigating the adverse impact on the economy and the financial sector.
07/17/2017
CISI signs Kuwait agreement in bid to ‘transform financial services’ in region
This provides students with access to professional qualifications, many of which were previously unavailable to them.
07/16/2017
Tax fugitive deported from Dubai, jailed in UK
He was apprehended in Dubai after using a fake passport to travel from Kenya
07/13/2017
Duo 'forges' documents to get Dh2.7m bank loan in Dubai
She also submitted a forged passport copy to prove her identity.
07/13/2017
AfDB, IsDB sign 2bn deal
We need to create jobs for our women and youth.
07/12/2017
US inks anti-terror deal with Qatar in press to end dispute
I think Qatar has been quite clear in its positions and I think very reasonable.
07/11/2017
IFC invests $26.2bn in funding startups across MENA region
The investments are all part of the IFC’s initiative to support startups with a sum of $30m in an attempt to create better market conditions for SMEs and entrepreneurship in the World Bank member countries.
07/11/2017
Failed coup takes toll on Turkey's foreign policy
The crisis between Saudi Arabia and its allies and Qatar only adds to the host of problems Turkey is facing on the diplomatic front.
07/10/2017
Qatar's central banker boasts $340B in reserves, says country not worried about the current boycott
Qatar still finds itself excluded and singled out by its near neighbors.
07/10/2017
Saudi, UAE banks stand to lose if they cut financial ties with Qatar
A peaceful resolution to the GCC-Qatar crisis is most likely, but de-escalation is likely only gradually.