Kuwait approves Credit Bank capital hike: Finance minister
Kuwait's government agreed with a housing parliamentary committee to increase the capital of Kuwait Credit Bank by 300 million dinars…
Regulation, Risk & Compliance
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UAE tax authority extends penalty revision scheme until December 2022
The grace period for UAE’s tax registrants to get their penalties for violating tax laws re-determined has been extended until…
Rising confidence in Qatar banking sector stability seen in QCB's Risk Perception Survey 2021
Half of the local banks "opined an increase in confidence in the stability" of the country’s banking sector in the…
Dubai tribunal upholds ban and fine of ex-DIFC based banker
Dubai's Financial Markets Tribunal (FMT) has upheld enforcement action taken by the Dubai Financial Services Authority (DFSA) against Gilles Rollet…
Abu Dhabi ADX says could see first SPAC listing this year
The Abu Dhabi Securities Exchange (ADX) could see its first SPAC listing this year following the approval of a regulatory…
'Malicious': War of Words Breaks Out Between Big Law and Offshore Firms In $100M Kuwait-Cayman Case
An increasingly vitriolic war of words has broken out between the lawyers of a private equity fund and those acting…
Lebanese judge freezes assets of central bank governor
An investigating judge in Beirut on Tuesday froze some assets belonging to the country’s central bank governor, who is accused…
Gulf Data International implements FaceTec’s leading 3D face authentication software at First Abu Dhabi Bank (FAB)
Gulf Data International (gDi) has been a trusted MENA tech integrator and solutions provider for nearly 40 years, and now,…
Ex-Citi Banker Says He Lost Job Over ‘Toxic’ Dubai Claims
An ex-Citigroup Inc. banker is fighting to get his job back after he alleged that he was fired for blowing…
Africa Finance Corp. secures new funders from South Korea, Dubai
Africa Finance Corp., which focuses on infrastructure across the continent, raised $400 million in a syndicated loan to bolster its…
Turkey, UAE Sign FX Swap Deal Worth $5 Billion
Turkey signed a $4.9 billion currency swap agreement with the United Arab Emirates, boosting dwindling foreign-exchange reserves depleted by the…
Central Bank Guidance to UAE Financial Institutions Banking Cash-Intensive Businesses
The Central Bank of the UAE has issued new guidance to UAE financial institutions providing services to cash-intensive businesses. …