Coronavirus: Hackers pose as Dubai Police to steal bank details
Cybercriminals are exploiting the anxiety over coronavirus by posing as UAE government officials to get people to disclose their bank…
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Saudi Arabia’s first-quarter budget slips into deficit at $9.1 billion as oil revenue slides
Saudi Arabia on Wednesday reported a first quarter budget deficit of $9.09 billion, as oil revenue was hit hard by…
Bank closes Jersey branch after £475,000 fine
THE Jersey branch of a global bank is closing down its business and leaving the Island after being fined £475,000…
British Business Group in the UAE launches new website to support companies
According to a survey conducted by the British Business Group in Abu Dhabi, Dubai and the Northern Emirates against the…
Al Rayan Bank names new chief risk officer
Jerold Williamson has been appointed as chief risk officer at Al Rayan Bank, subject to regulatory approval. This is…
Qatar Petroleum places big LNG carrier order with Chinese shipyards
QATAR Petroleum has signed an agreement to reserve LNG ship construction capacity at Chinese yards, in order to ensure that…
Global reinsurance capital growth seen to decline after 15% gain in 2019
The global reinsurance industry’s capital growth is expected to decline this year as stocks and bonds are hit by the…
ADGM aims to use AI to automate licence application
Abu Dhabi Global Market has partnered with RegTech startup Nexus FrontierTech in its move to use artificial intelligence to automate…
Dubai to Avoid Glare of Public Markets and Raise Bonds Privately
Dubai is in talks to raise billions of dollars of debt privately instead of following Gulf neighbors by tapping public…
Gold prices near steady as global stock markets gain
Gold prices are not far from unchanged on the day in early U.S. trading Tuesday. More chart consolidation and some…
DAC6 – The EU’S Mandatory Disclosure Regime (MDR) and its Impact on the UAE
What is DAC6? Transparency has been high on government agendas since the global financial crisis and this has resulted…
Economic Substance in the UAE – 2020 Update
Transparency has been high on government agendas since the global financial crisis and this has resulted in the introduction of…