09/17/2021
Lebanon signs central bank audit contract with A&M
The finance ministry said in April the central bank had agreed to hand over some documents.
Legal, Tax, Regulation & Compliance
09/17/2021
UAE central bank looking to replace benchmark rates: Reuters
These rates are used to calculate interest on several types of financial transactions such as bonds and loans.
09/17/2021
Central Bank of Bahrain prepares for the second phase of Open Banking
Through digital online and mobile channels, the Bahrain OBF aims to expand the reach and quality of retail bank services.
09/16/2021
Exclusive UAE central bank working to replace interbank rates - sources
These rates are used to calculate interest on several types of financial transactions such as bonds and loans.
09/15/2021
Lebanon to sign contract for central bank forensic audit in days
The audit had hit a roadblock last year when restructuring consultancy A&M withdrew in November saying it hadn't received the information it needed from the central bank
09/13/2021
Deloitte becomes official signatory of Abu Dhabi Sustainable Finance Declaration
Deloitte joins the panel of 46 public and private sector signatories who have committed to the Declaration since its launch at the Abu Dhabi Sustainable Finance Forum (ADSFF), hosted by ADGM and that took place during Abu Dhabi Sustainability Week
09/09/2021
UAE's anti-money laundering body endorses framework for virtual assets
In 2019, the financial crimes watchdog, the Financial Action Task Force, announced that cryptocurrency firms would be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering.
09/08/2021
DIFC is a top priority for UK data transfer “adequacy” status
The UK has formally announced that it is assessing the DIFC as a “top priority” for an “adequacy” decision for personal data transfers.
09/08/2021
UAE Announces New Federal Data Law
The Data Law seeks to find harmony between privacy, cost, compliance and commerce.
09/07/2021
Common Warning Signs of an Impending Company Insolvency in UAE
It is important for businesses and executives to watch out for the early warning signs of financial trouble.
09/07/2021
A fundamental error in a Qatar arbitration, and a lesson that is relevant to any arbitration
Proceedings were issued by ECQ in the Federal Court of Australia, on the basis that Hub is an Australian incorporated company with assets in that jurisdiction.
09/06/2021
New $5 million fines for polluting Saudi waters
The list follows decisions by the Minister of Environment, Water and Agriculture to establish a set of rules
09/03/2021
IFLR1000 recognizes Dentons lawyers and practice teams across EMEA
Altogether, 94 lawyers received Highly Regarded rankings and 61 were awarded a Notable Practitioner rating.
09/02/2021
Bahrain's Ahli United Bank gives initial guidance for dollar sukuk - document
HSBC and JPMorgan are joint global coordinators
09/02/2021
Saudi banks are closing more branches even as consumer lending is up
Number of bank branches in KSA falls by almost 5 percent
09/02/2021
Abu Dhabi Securities Exchange taps Nasdaq tech for new derivatives market
In addition, the index has gained 52% year to date, making it one of the best performing equity indexes in the world.
09/01/2021
UAE financial institutions under pressure to increase IT security
72 per cent see IT security risks in the industry increased since the start of COVID-19
09/01/2021
Feature: Adapting to the pandemic in the Middle East
Being number one or number two in the world for he number of people vaccinated has helped the UAE to become even more of a hub than it was previously.
08/31/2021
Abu Dhabi exchange waives trading commission fee on all listed securities
Move is expected to increase small trades by individual investors
08/31/2021
DIFC collaborates with UK on protection of international data transfers
It added that recognition would reinforce data flows between the jurisdictions, help build better trade relationships and promote high standards of accountability and transparency in businesses that deal with DIFC entities.