05/12/2016
UAE banks to assess impact of new rules on impairments
The regulations were expected to have significant impact on banks' operations and possibly raise impairment requirements, according to the central bank document.
Legal, Tax, Regulation & Compliance
05/12/2016
DFSA Restricts Former Trader Noyan Ayhan
The DFSA imposed the restriction because it found that Mr Ayhan's misconduct demonstrated that he lacked integrity.
05/11/2016
Nationalities with most number of wills registered in Dubai's DIFC
DIFC Wills & Probate Registry says majority of registrants are joint husband and wife wills
05/11/2016
Abu Dhabi Global Market Sets Out Proposal for FinTech Regulatory Framework in the UAE
Firms who are not ready after the two-year period will exit the RegLab framework.
05/11/2016
UAE approves creation of central Islamic finance authority
Shariah boards are groups of scholars who rule on whether financial instruments and activities are religiously permissible.
05/10/2016
Banks need to rethink about changes and challenges, says KPMG
The report is based on an examination of 10 leading listed local banks and offers insights on the key trends that are set to accelerate or disrupt the industry in the near future.
05/09/2016
Lawsuit accuses Middle East bank of stealing an Orange County entrepreneur's technology
Instead, they devolved into a bitter, high-stakes lawsuit against a prominent Middle East bank, a case scheduled to be heard in July by a jury in Santa Ana federal court.
05/09/2016
Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer
The value of stocks sold by foreign investors during the same period reached AED 830.50 million comprising 45.61% of the total value of stocks traded during the period.
05/09/2016
UAE Cabinet approves Sharia authority launch
The board will oversee the Islamic financial sector, approve financial products and set rules and principles for banking transactions in accordance with Islamic jurisprudence on finance.
05/09/2016
Saudi Arabia Forges Ahead With Government Shake-Up
Sweeping reorganization at important institutions comes after a plan to wean the kingdom off oil revenues
05/09/2016
Egyptians’ remittances retreat by $1 billion
Amer made a quick visit to Kuwait last week during which he met with officials from Kuwait Central Bank and Kuwait Investment Authority, the sources said.
05/08/2016
Dubai Chamber opens international office in Maputo
UAE Ambassador to Mozambique: We look forward to speeding up the signing of the avoidance of double taxation treaty to stimulate investments
05/06/2016
Saudi businessman kidnapped in Egypt freed
The kidnappers then decided to release him and his driver.
05/05/2016
Bank of China, 7th largest bank in world, receives permission to operate in Turkey
The BDDK's last meeting green-lighted the bank's entry into the Turkish market.
05/05/2016
UAE bank warns of 'Magic Pen' fraud; how to avoid it
Never issue a blank security cheque, fill details with your own pen
05/05/2016
DIFC Courts winds up Bank Sarasin Alpen (ME) after failure to pay damages
Dubai-based Bank Sarasin Alpen (ME) has been placed into liquidation by the DIFC Courts after it failed to pay US$35 million in damages to a group of Kuwait investors for mis-selling financial products.
05/05/2016
Maples and Calder Recognised for SevenCayman Islands: Maples and Calder Recognised for Seven Airfinance Deal of the Year Awards Airfinance Deal of the Year Awards
A leading financial resource on the aviation industry and market leader for aircraft finance news
05/05/2016
RBI, UAE central bank sign MoU on currency swap cooperation
The MoU will further strengthen the close economic relationship and cooperation between India and the United Arab Emirates.
05/04/2016
Abu Dhabi Signs MoU With Chinese Bank Regulator
Similarly, ADGM supports its local stakeholders in their aspirations to expand their engagement with China.
05/04/2016
Law to trade through social media urged
Banks will inform security agencies when they receive suspicious amounts and foreign remittances into the accounts of clients to check the source of amount,” he told Makkah Arabic daily.