11/27/2019
Saudi banks’ crackdown on financial fraud sees big fall in cases
Approximately 1,063 cases of fraud worth a total of around SR49 million ($13 million) were reported this year
Legal, Tax, Regulation & Compliance
11/27/2019
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
The result of this judgement is that the full circumstances and background of 1MDB’s dodgy dealings with IPIC will now be fully examined in open court in London
11/26/2019
Dubai Islamic Bank secures regulatory clearances for Noor acquisition
General assembly to voted on share swap ratio of 1:5.49 on December 17
11/26/2019
Phoenix Thoroughbreds Founder And CEO Named In Money Laundering Case; Company Denies Allegations
A former partner in Locke Lord, Scott on Nov. 21 was found guilty of one count each of conspiracy to commit money laundering and conspiracy to commit bank fraud.
11/26/2019
Istanbul Working on Eurobonds After State Banks ‘Shut the Doors’
The new mayor’s remarks highlight the difficulties he faces running the nation’s largest city after wresting control from Presidetn Recep Tayyip Erdogan’s ruling AK Party.
11/26/2019
French And UAE Delegations In Uganda For Trade Opportunities
The French Companies that have arrived in Uganda this morning for the trade mission are Airbus Helicopters which manufactures helicopters, Bolloré Transport & Logistics in logistics
11/26/2019
Finance office holds extensive talks with investors in Malaysia, Singapore
During the talks, opportunities for financial cooperation between Turkey and Malaysia, representatives to be opened mutually
11/26/2019
Leading UAE authorities, financial exchanges form working group to advance sustainable finance practices, investments
In line with international best practices, the guiding principles aim to build on existing sustainable finance initiatives launched across the UAE.
11/26/2019
Ex-Barclays executive: Qatar wanted to be bank's 'special' Gulf
Prosecutors allege the Barclays bankers did not properly disclose 322 million pounds of extra payments to Qatar.
11/26/2019
Aldar bullish on 2020 as government policies boost property market
New lending caps and other rule changes positive for the real estate sector, a top executive says
11/25/2019
First Joint Conference between Saudi, UAE Bank Officials Kicks off in Riyadh
The conference is an opportunity for bank officials from Saudi Arabia and the UAE to discuss and identify key challenges and opportunities in areas with international importance and impact on the banking sector.
11/25/2019
Ten Arrested in London for Hauling Millions in Suitcases into UAE
The United Arab Emirates has increasingly come under scrutiny for its role in laundering money for criminals.
11/25/2019
SAMA says Aramco IPO not causing liquidity issues for banks
“The Saudi banking sector enjoys very high levels of liquidity compared to Basel requirements,” Al-Kholifey earlier told the conference, referring to international banking rules.
11/25/2019
RAKBANK presents Global Economic Insights in partnership with Principal Global Investors
Latest publication focuses on the market’s economic achievements for the third quarter
11/24/2019
How the IMF can battle gradual irrelevance
This is in stark contrast to the past. I vividly remember the days, not so long ago, when officials prepared diligently for these policy discussions.
11/22/2019
UAE mulls creation of single financial services regulator to replace IA and SCA
The committee is also tasked with examining the implications of the proposed merger.
11/22/2019
The UAE's foreign investment regime
UAE companies may be owned entirely by nationals of Gulf Cooperation Council countries or companies owned by nationals of GCC countries.
11/22/2019
MEP Casa calls on UAE to fully cooperate on 17 Black
'Clear that 17 Black case is connected to murder'
11/22/2019
Egypt and European Investment Bank (EIB): A 40 year-long partnership to improve people’s lives
Further signatures by year-end are expected to be the Alexandria West Wastewater Treatment Plant (loan of up to EUR 120 million) and further support to SMEs through Banque Misr (around EUR 500 million).
11/22/2019
Banks erect financial ‘fence’ as crisis sweeps Lebanon amid protests
Facing the worst economic crisis since its 1975-90 civil war, Lebanon has slid even deeper into trouble since the eruption of protests against the ruling elite last month.