DIFC Data Protection Law – consent management
Businesses operating in the Dubai International Financial Centre should take immediate steps to understand their obligations around relying on consent…
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UAE private bank deposits rise by $4.2mln in 3 months amid COVID-19 uncertainty
A record 15.6 billion UAE dirhams ($4.2 million) increase in cash landed the non-government deposit accounts of banks across the…
The European nobleman behind Dubai's new invite-only business club
Hailing from nobility in Austria, Count Oliver of Wurmbrand-Stuppach believes traditional values are going to be important in building the…
$2.5t Islamic finance sector to rebound gradually
The $2.5 trillion global Islamic finance industry is on course to return to slow growth in 2021 after recovering from…
Qatari Islamic banks’ balance sheet grew to nearly $90bn in 2019: S&P
The balance sheet of Islamic banks in Qatar grew to nearly $90bn in 2019 compared with $82.6bn in 2018, a…
UAE central bank urges banks to step up anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country.…
UAE's Tess scheme benefits more than 300,000 customers, Central Bank says
More than 300,000 individuals have benefited from the Targeted Economic Support Scheme (Tess) rolled out to mitigate the impact of…
Emirates Islamis Closes $500million Sukuk Issuance
One of the leading Islamic financial institutions in the UAE, Emirate Islamic, has successfully closed the issuance of a $500…
Female employment in top Mena companies low but improving, JP Morgan says
The number of women in executive positions in the top 50 companies by market cap across the Middle East and…
Spotlight MEA: Developing a Single Universal Open Banking API
The Gulf Cooperation Council, which consists of Saudi Arabia, United Arab Emirates (UAE), Bahrain, Qatar, Oman and Kuwait, have seen…
Positive event risks for gold
Since early August, gold prices have traded in a tight range, between 1900 and 2000 per ounce. Gold volatilities…
Zurich rolls out app for UAE end-of-service benefits
Insurance provider Zurich Middle East has unveiled an app for investors in the DIFC Employee Workplace Savings (Dews) scheme. …