12/05/2018
Court cuts penalty in Dhs1.4m scam bid
The Criminal Court jailed the businessman, official and banker for three years plus deportation and ordered each to pay Dh14, 000 plus a Dhs5,000 fine.
Legal, Tax, Regulation & Compliance
12/05/2018
Dubai Financial Market Signs Memorandum Of Understanding With Awqaf And Minors Affairs Foundation
It is noteworthy that DFM has launched a securities endowment service in 2017 as part of the “Year of Giving” initiatives and has accelerated its efforts to promote the securities endowment culture this year as part of the “Year of Zayed
12/05/2018
Etihad Credit Insurance partners with Natixis to expand UAE businesses' global footprint
The areas of cooperation between ECI and Natixis include support for UAE businesses by educating them through a series of seminars and workshops on commercial and political risk mitigation, mutual collaboration in export finance solutions, and the exchang
12/05/2018
QCB Governor calls for diversifying Waqf investments
He also called for diversifying Waqf investments to cover different sectors, QNA reported.
12/05/2018
SFO charges failed — but Barclays did not get off lightly
It is hard to bring cases against companies, but compliance problems can still be time-consuming and damaging
12/04/2018
Saudi's AHAB turns to new bankruptcy law to settle with creditors
Saudi banks and some international creditors are among those not in agreement.
12/03/2018
StanChart likely to axe Dubai, Singapore jobs amid cost reductions
The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity, people familiar with the matter said earlier this week.
12/03/2018
QCB not to interfere in local banks' merger talks: Governor
When the operating environment becomes tight for a large number of smaller banks, the shareholders initiate the talks to reap the maximum benefit through reducing corporate risk and stabilising earnings.
12/03/2018
Qatar-UK talks commit to boosting trade
The UK ranked as Qatar’s 8th largest trade partner, with a total of $3bn worth of traded goods in 2017.
12/03/2018
Qatar seeks to strengthen trade ties with UK
The Qatari minister highlighted that meeting marks another milestone in the development of British-Qatari relations, and demonstrates that ties remain strong, which reflected positively on the volume of bilateral trade and investments.
12/03/2018
Latest UAE visa shake-up opens window for wealthy investors
New longer-term visa regime will target investors, entrepreneurs and professionals
12/02/2018
QFC honours exceptional firms at inaugural ‘Qatar Business Awards’
The inaugural ‘Qatar Business Awards’ celebrated and recognised QFC licensed firms for their achievement across five distinct categories.
12/02/2018
SEC inks revolving credit facility deal with 8 banks
It has managed to obtain funding without any guarantees from the company, stressing that the funding aims to spend on the company's public works
11/30/2018
Bank Melli Iran rejects claims of illegal money transfers to Iraq
The Bank Melli branch in Iraq was established in 2007 to improve development by offering services according to legal procedures while its activities are being monitored by the Central Bank of Iraq.
11/30/2018
Turkey to sell asset-backed securities to improve banks' liquidity
The move comes as lenders in Turkey deal with an increasing number of problem loans, as companies struggle to service their debts due to a slump in the lira
11/29/2018
UAE to issue commemorative currency on National Day
The Central Bank will issue 5,000 silver commemorative coins weighing 60 grams each.
11/29/2018
Deloitte LCB audit case set for trial
A Dubai court will use Lebanese law to explore Deloitte’s role in the collapse of the Lebanese Canadian Bank
11/29/2018
Saudi Arabia's SEC to close USD2b credit facilities pact
In a statement Tadawul carried, SEC conrmed that a funding of USD1.5 billion is to be directed towards an initial tranche for three years, with a USD572.5 million to be financing the second tranche for a period of five years.
11/28/2018
SQM FrontierManagement Selects BNY Mellon to Provide Custody Services
SQM, an SEC registered investment adviser focused on emerging markets, specifically frontier Africa and the Middle East, selected BNY Mellon following a competitive tendering process.
11/28/2018
Bahrain central bank considers new guidance for Islamic banks
Bahrain’s central bank has already tightened governance rules for Islamic banks