11/08/2018
Bank of Israel Chief to Successor: Make Sure Israel Is Prepared for the Next Crisis
In an interview with TheMarker, Karnit Flug reviews past controversies and successes as she prepares to end her term as Bank of Israel governor
Legal, Tax, Regulation & Compliance
11/07/2018
Pay your Dubai fines throughout the year in instalments
Fines for traffic violations can now be paid in three, six, nine, or 12 months.
11/07/2018
PNB fraud: ED attaches 11 properties of Nirav Modi in Dubai
The ED has issued a provisional order for attachment of these assets under the Prevention of Money Laundering Act (PMLA).
11/07/2018
Hesitant policies are seen holding back Islamic finance growth in Egypt
It is the common perception that the development of Islamic banking in Egypt is being held back by hesitant policies by the central bank to develop a solid regulation and otherwise by the government’s indecisiveness on how to deal with the industry
11/07/2018
Bank of Beirut acquires Luxembourg-based Fortuna Bank
Deal, subject to regulatory approval, allows Lebanese banking group to expand its European activities
11/06/2018
Central bank to boost risk management, governance
New federal law gives paramount importance to the protection of depositors’ rights
11/06/2018
Ripple’s Dubai Office to be Ready Before 2018 Ends: Confirms Almost 200 Partners
Rao pointed out that Ripple has partnered with various financial institutions in the region.
11/06/2018
Dubai's biggest bank warns over phishing email scam
Emirates NBD says email with the subject line VAT Refund Notification, claiming to be from the bank, should not be opened
11/06/2018
These UAE sectors will not get 100% foreign ownership under new law
Activities on the "negative list" will not be allowed 100 per cent foreign ownership.
11/06/2018
Deutsche Bank’s DWS Group Takes Stake In Dubai Fintech Firm Neo Technologies
As part of the agreement, DWS and Neo Technologies are forming a strategic partnership to collaborate on the development and expansion of digital asset management services throughout the region.
11/06/2018
Rogue financial adviser liable for client’s losses in Dubai
If the judge agrees to the findings by financial expert Reem Al Nuaimi, other clients of Grant’s who lost money could mount similar actions.
11/05/2018
Kuwait’s Central Bank calls for updating macroeconomic models at GCC level
CBK hosts workshop to swap expertise in economic models
11/05/2018
New law enhances discretionary powers of UAE Central Bank
Licencing and regulation of institutions and financial services of all kinds enabled
11/05/2018
Deutsche's DWS to buy stake in Dubai-based digital investment firm
Under the agreement, DWS Group - which as of the end of September had 692 billion euros worth of assets under management
11/05/2018
Dubai International Financial Centre signs agreement with China Banking Association
Over 2,000 financial firms in the Centre and 695 member units of the Association to benefit from the partnership
11/05/2018
Robo Advisory Firm-Sarwa, First to Graduate from DFSA's Regulatory Sandbox
This included continuous monitoring, ongoing engagement and frequent feedback.
11/02/2018
Islamic financial sector gets supervisory framework
The new law provides for setting up of independent Internal Sharia Supervision Committees
10/31/2018
Citigroup receives Abu Dhabi Global Market branch licence
The branch will provide liquidity management solutions to Citi’s clients looking to establish regional treasury centres in the UAE
10/31/2018
UAE to amend retail-banking rules
Under the new rule, the bank set new terms and conditions for the transfer of personal loans or personal finance
10/31/2018
UAE legislates to crack down on money laundering
The unit will also supervise and inspect financial institutions and other businesses and non-profit organisations to check their compliance levels.