02/04/2020
Citigroup Suspends Trader for Stealing Cafeteria Food
Junk-bond trader Paras Shah allegedly took food repeatedly from office cafeteria without paying
Legal, Tax, Regulation & Compliance
02/04/2020
Qatar Commercial Bank completes trial on the Marco Polo Platform
Commercial Bank operates in retail and wholesale banking, and makes strategic investments through its associates and subsidiaries.
02/04/2020
Is BLOM bank leaving Egypt?
The due diligence of BLOM Egypt requires the approval of the Central Bank of Egypt, which has not been discussed until now.
02/03/2020
Regulation of digital securities evolves in the Abu Dhabi Global Market
For the purposes of the guidance, a ‘digital security’ is defined as types of digital assets that possess the features and characteristics of a security.
02/03/2020
Saudi Arabia effectively combating money laundering
FATF is an intergovernmental body established in 1989.
02/02/2020
City lawyer accused of intimidation campaign on behalf of Gulf clients
Dechert partner denies High Court claim over ‘interrogation’ of emirate’s captive
01/31/2020
Saudi regulator fines SABB Takaful for late disclosure
Under market rules and regulations, listed companies must immediately and without delay disclose such events to the market authority and the general public.
01/31/2020
HSBC planning withdrawal from Turkey after 30 years: reports
Since then Turkey has continued to be problematic for HSBC, with currency volatility in the Turkish lira and a swathe of loan losses within the subsidiary.
01/31/2020
Doha fintech meet to help Qatar move towards becoming a global leader in supporting innovation
It will feature a special panel session on the new wave of regulatory technologies (RegTech) that is currently revolutionising the supervision of financial services and other compliance-focused sectors.
01/31/2020
Saudi central bank shrugs off weaker growth forecast as tourism sector heats up
The International Monetary Fund this month cut its economic outlook for the region, citing a downward revision to Saudi Arabia’s own projection
01/31/2020
Saudi SAMA launches licenses for non-bank financial institutions -statement
The move to license financial technology companies was aimed at opening financial services to non-banking actors and supporting development of the national economy
01/31/2020
French experts expected in Seychelles to examine tax haven blacklist issue, president says
Faure said that a national committee has been established to look at relevant laws as well as the relationship Seychelles has with the European Union and the OECD -- the Organisation for Economic Co-operation and Development.
01/30/2020
Egypt- World Bank Group, Partners launch new initiative to expand A2F for MSMEs, drive growth, jobs in MENA
As a result, MSMEs in MENA have among the lowest levels of usage of bank loans in the world, the statement said.
01/30/2020
Egypt: African Development Bank approves $22 million to expand leasing financing to corporates and SMEs
The decision signaled confidence in a burgeoning local market and in the Egyptian economy as a whole
01/30/2020
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
The transaction is expected to be completed by 31 March 2020
01/30/2020
DIFC firms urged to sign up for new law replacing end of service gratuity or risk hefty fines
New workplace savings scheme to be introduced from February 1
01/30/2020
Central Bank of Iraq approves UGH’s acquisition of Bank of Baghdad
The transaction is expected to be completed by 31 March 2020
01/30/2020
Banker knew Barclays ‘lied’ over Qatar fundraising
Mr Brown was making his closing submissions in a four-month trial of the most senior bankers accused of criminal acts over the 2008 financial collapse that saw three UK banks rescued by taxpayer money.
01/29/2020
CBB warns consumers against dealing with unlicensed institution
This warning comes as a result of a fraudulent institution under the name of “bahrain.bitcoin” on Instagram
01/29/2020
AFS named official POS acquirer for The Bahrain International Circuit
The three-year agreement will see AFS embed its state-of-the-art POS acquiring solution across all retail outlets at BIC effective immediately