Appeal dismissed in landmark multi-billion dollar fraud trial
The Cayman Islands Court of Appeal has dismissed an appeal by Saudi Arabia’s Algosaibi Group in its litigation against Cayman-based…
Regulation, Risk & Compliance
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UAE targets Asian firms to become crypto hub: Crypto Wrap
The UAE is in talks with Asian firms seeking to relocate to the Gulf nation, as part of efforts to…
Saudi's CMA approves Etihad Atheeb Telecom capital reduction
The Saudi Capital Market Authority has approved Etihad Atheeb Telecommunication Co.’s request to cut its capital, a statement on the…
AMF releases booklet on using AI in the banking services
The Arab Monetary Fund (AMF) has recognised the importance of expanding educational awareness of the implications of using Artificial Intelligence…
Saudi Arabia forms independent body to probe financial crimes
Saudi Arabia’s Public Prosecution on Tuesday announced the establishment of an independent specialized unit to investigate financial frauds, the Saudi…
Etisalat’s blockchain arm crosses Dhs10bn
Etisalat Digital’s blockchain arm UAE Trade Connect (UTC) has handled over Dhs10bn worth of invoices in its first eight months…
Gulf states must revive plans for a common currency
In these past 40 years, the Gulf states have achieved significant progress on economic cooperation, starting with the abolition of…
KPMG Records Strong Growth in FY21 in the Middle East & South Asia Region
KPMG International has announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30…
Arab National Bank Adopts Red Hat’s Open Hybrid Cloud Platforms To Accelerate Digital Banking Innovation
Red Hat, Inc. has announced that Arab National Bank is speeding its transformation in key areas including digital banking, open…
UAE central bank increases oversight of banks’ real estate exposures
The Central Bank of the UAE has announced that an enhanced framework to better monitor and supervise banks’ exposures to…
Dubai World Trade Centre to become comprehensive zone and regulator for virtual assets and Crypto
As a part of Dubai government efforts to create new economic sectors, it was announced today that the Dubai World…
ADGM's enhanced framework governing auditors comes into effect
Abu Dhabi Global Market (ADGM), the leading international financial centre located in Abu Dhabi, announces its enhanced framework governing auditors,…