05/09/2016

UAE Cabinet approves Sharia authority launch

The board will oversee the Islamic financial sector, approve financial products and set rules and principles for banking transactions in accordance with Islamic jurisprudence on finance.

05/04/2016

Law to trade through social media urged

Banks will inform security agencies when they receive suspicious amounts and foreign remittances into the accounts of clients to check the source of amount,” he told Makkah Arabic daily.

05/03/2016

Saudi bourse says to have T+2 settlement early 2017

The Saudi Stock Exchange will introduce in early 2017 the settlement of trades within two working days of execution, it said on Tuesday, a reform that could help the market join global equity indexes and attract billions of dollars of foreign money.