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FinTech

Recent developments in the UK and Dubai as jurisdictions compete to become hubs for crypto innovation

May 25, 2022

Competition is hot between jurisdictions competing to be the hub for virtual assets, and the UK is taking steps with…

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Legal

The UAE's new cyber crime law (all you need to know)

May 24, 2022

On 27 November 2021, the UAE government announced the largest set of legislative reforms in the country’s history, ensuring that…

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Awards and Recognition

Azentio Software wins ‘Islamic digital banking provider’ award at the MEA Finance Banking Technology Summit & Awards 2022

May 24, 2022

Azentio Software  has  announced  that it has won the ‘Islamic Digital Banking Provider of the Year’ award at the prestigious…

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Retail Banking

Al-Baraka Bank in Egypt to inject $6m to develop technological infrastructure

May 24, 2022

Al-Baraka Bank in Egypt plans to inject $6 million to develop its technological infrastructure to help it expands its digital…

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Hedge Funds & Alternative Investments

Saudi billionaire prince to sell 16.87% of firm to sovereign fund

May 24, 2022

A Saudi billionaire detained in a 2017 anti-graft crackdown is to sell a 16.87-percent stake of his company to a…

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Regulation, Risk & Compliance

First regulated open banking platform in UAE goes live

May 24, 2022

Tarabut Gateway has been granted a licence by Dubai Financial Services Authority  to provide money services in and from Dubai…

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Islamic Finance

Attitudes to Islamic Wealth Management in a Shifting African Private Wealth Landscape

May 24, 2022

Across the continent, High Net Worth Individuals (HNWI) – defined as those who have US$1 million or more of investible…

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Executive Moves

Mirabaud ME Ltd enhances regional wealth management offering with a new CEO

May 24, 2022

The Wealth Management division of Mirabaud Group has announced the appointment of Samir Atitallah as CEO of Mirabaud Middle East…

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Legal

Abu Dhabi court jails 79 people for swindling investors in fake stock trading scam

May 23, 2022

Abu Dhabi Criminal Court has sentenced 79 people to jail for fraud and money laundering.   Each was fined between…

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Regulation, Risk & Compliance

New law urged to regulate investment in Bahrain

May 23, 2022

Bahrain's top business body aims to develop a new investment policy that will aim to strengthen the national economy, create…

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Executive Moves

Saudi Islamic finance firm Nayifat’s CEO resigns

May 23, 2022

Nayifat Finance Co. has announced the resignation of its CEO Abdulmohsen Abdulrahman Musaed Al-Sowailem.   Al-Sowailem, who also held the…

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FinTech

Saudi's SAMA seeks proactive steps to confront growing cyber threats

May 23, 2022

The Saudi Central Bank (SAMA) underlined the need to take proactive and preemptive measures to confront the growing cyber threats…

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