09/14/2017
Massive fraud puts 54 in Abu Dhabi court
The money from the sale would be used to pay back previous investors.
Legal, Tax, Regulation & Compliance
09/14/2017
Insiders trading on capital markets banned effective next week
It shall not be permitted for a chairman, members of the board of directors of a company.
09/14/2017
Iran, China Sign $10 Billion Finance Deal
The Iranian delegation, headed by Valiollah Seif, the governor of the Central Bank of Iran, has traveled to China in an attempt to enhance bilateral banking relations.
09/14/2017
UBF launches first cyber threat sharing platform for UAE banks
Banks to share cyber security intelligence on Anomali ThreatStream
09/12/2017
Impact of evolving demographics on Kuwait banking
The report stated that it is always a challenge to link a slow moving big factor like demographics to the fortune of a particular industry.
09/12/2017
Bahrain expected to offer premiums to issue multi-tranche bond
The government of Bahrain is expected to offer investors significant premiums over its outstanding debt when it issues bonds this week because of growing concern over its finances in an era of cheap oil, portfolio managers said. Investor meetings are due
09/12/2017
DFSA and Malaysia’s Securities Commission sign FinTech Agreement
Our FinTech regime is developed to enhance and improve access to finance and the efficiency of markets.
09/12/2017
IFC committed $1.7 billion in MENA in fiscal year 2017
Investments in the region focused on private sector efforts to boost innovation
09/12/2017
CMS Partners with Saudi Arabian Law Firm
CMS now has 72 offices in 41 countries and more than 1,000 partners and 7,500 total staff.
09/11/2017
United Gulf Bank EGM to decide on a reorganisation proposal of the bank
United Gulf Bank’s Board of Directors have called for an extraordinary general meeting on the 25 September 2017 to seek approval from shareholders for the reorganisation.
09/11/2017
Can the banking sector achieve financial inclusion alone?
The CBE holds the largest international conference on financial inclusion from 13 to 15 September, with the participation of more than 94 countries and 119 international institutions
09/11/2017
TSYS Signs PRIME Agreement with Mashreq Bank in Dubai
Award-winning bank to license TSYS’ PRIME for multi-country issuing and acquiring
09/11/2017
CBB hosts SWIFT users security workshop
The Central Bank of Bahrain has organised a workshop for the Kingdom of Bahrain’s SWIFT User Group community on its Customer Security Programme.
09/10/2017
Bahrain introduces mandatory IESCA
The module discusses the authority vested in the SSB and ensures their independence through various measures.
09/10/2017
7.5% average annual growth for Bahrain's non-oil sector since EDB's inception in 2001
The presentation also covered EDB-led initiatives in collaboration with the private sector, which aim to bolster sustainable economic growth and increase direct investments.
09/10/2017
Pearl Initiative launches program to boost SME resilience in GCC region
As part of the program’s first phase, the Pearl Initiative rolled out a GCC-wide survey via public opinion portal YouGov.
09/09/2017
Doha's efforts to diversify economy are bearing fruits
The IMF said Qatar's banking sector remains sound, after the central bank injected liquidity to mitigate the impact of withdrawals of deposits after the diplomatic rift with its GCC and Arab neighbours erupted in early June.
09/08/2017
U.S. charges ex-Turkey minister with sanctions evasion
A wealthy Turkish-Iranian gold trader who was arrested in the United States over sanctions evasion last year.
09/08/2017
Apex Fund Services secures ADGM licence
We welcome more leading firms and fund administrators like Apex Funds Services to add to the vibrancy of our financial ecosystem and accelerate the funds activities at ADGM and wider region.
09/07/2017
Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.