All Articles

Regulation, Risk & Compliance

DIFC regulator DFSA's penalties of Dh5.5m on KPMG and Dh1.83m an ex-auditor to stay on their Abraaj work

November 4, 2022

The DIFC regulator Dubai Financial Services Authority has imposed a fine of Dh5.50 million ($1.5 million) on the audit firm…

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Retail Banking

Emirates NBD observes UAE Flag Day

November 4, 2022

 Emirates NBD has  marked the UAE Flag Day with ceremonies at its Deira headquarters and Meydan offices.   “Emirates NBD…

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Tax

What Indians living in UAE need to know about income tax returns

November 4, 2022

If you are an Indian living in the UAE, and have a PAN card you may be wondering whether you…

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Hedge Funds & Alternative Investments

General Pension and Social Security Authority approves draft annual budget for 2023

November 4, 2022

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs and Chairman of the Board of Directors of the General…

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FinTech

Digital payments surge 34% to $8.5bln in Bahrain

November 4, 2022

Cashless payments are gaining wider traction in Bahrain, with the volume of point of sale (POS) transactions posting significant growth…

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Hedge Funds & Alternative Investments

Dubai records over $653mln in realty transactions on Thursday

November 4, 2022

Dubai real estate market recorded 842 sales transactions worth AED1.96 billion, in addition to 112 mortgage deals of AED487.55 million,…

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FinTech

Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license

November 4, 2022

Fintech Galaxy has become the first central bank regulated Open Finance platform in the MENA region after receiving a license…

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Legal

UAE Labour Law amended to help employers retain talent

November 4, 2022

An amendment to the United Arab Emirates’ Labour Law lifts the cap on the length of fixed-term employment contracts.  …

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FinTech

Binance CEO sees no threat to crypto from central banks' digital currencies

November 3, 2022

Plans by central banks to launch digital currencies are not a threat to other cryptocurrencies as they would validate blockchain…

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Uncategorized

UBS looking to close dealmaking and advisory business in MENA region

November 3, 2022

Swiss banking giant UBS Group is set to shut down its dealmaking and advisory business in the Middle East and…

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Environment and Sustainable Investments

MENA nations making rapid progress on climate technology

November 3, 2022

Sustainability and carbon-neutral businesses have finally become the mainstream and the Middle East is now on board.   This time…

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Comment & Analysis

UAE's private sector is adding jobs at fastest pace since July 2016, with October PMI at 56.6

November 3, 2022

New job creation within UAE’s private sector accelerated during October at the ‘fastest pace since July 2016’, according to the…

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