Central Bank of the UAE establishes Cyber Security Operations Centre
The Central Bank of the UAE (CBUAE) has announced the establishment of the CBUAE Networking and Cyber Security Operations Centre…
Regulation, Risk & Compliance
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Former Abraaj managing partner fined $1.9m by Dubai regulator
The Dubai Financial Services Authority has fined former Abraaj managing partner Mustafa Abdel-Wadood $1.9 million for breaching its rules and…
Dubai regulator fines former financial services firm director
The Dubai Financial Services Authority (DFSA) has handed Gilles Rollet a $175,000 (£128,092, €151,267) penalty. He was senior executive…
UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators
- UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators -…
Indonesia's sovereign wealth fund, DP World agree on $7.5 bln partnership
Indonesia's sovereign wealth fund has signed a $7.5 billion deal with Dubai-based logistics company DP World to form a consortium…
Dubai FSA fines and bans financial services firm director pending tribunal outcome
A former senior executive officer and director of financial services firm La Tresorerie Limited, Gilles Rollet, was provisionally fined $175,000…
Saudi deposits $3 bln in Egypt's central bank
The Saudi finance ministry said on Sunday the Kingdom had deposited $3 billion with Egypt's central bank and extended the…
Bahrain Court Orders Five Years In Jail, Hefty Fines For Financial Fraud
The High Criminal Court yesterday awarded fiveyear jail terms each to two people for running an investment scam. The…
DIFC enacts changes to its employment laws
The Dubai International Financial Centre has enacted changes to its employment law to bring in a number of clarifications and…
Saudi Arabia jointly hosts Saudi-UK Green finance roundtable at FII and signs agreements with key new partners
During the roundtable, both parties signed a Memorandum of Understanding to recognize and promote direct investment between the two countries…
Citigroup plans more investment in Saudi Arabia, eyes banking license
Citigroup wants to pursue a banking license in Saudi Arabia to further boost its business in the kingdom by expanding…
UAE to introduce new Federal Data Law
The UAE has introduce a new Data Protection Law, the first federal law of its kind in the region. The…