Digital currency bridges can speed up global trade payments: CBUAE
The Central Bank of the UAE (CBUAE) together with the Bank for International Settlements (BIS) Innovation Hub Centre in Honk…
Regulation, Risk & Compliance
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Sedco Capital, Lombard launch Shariah-compliant fund
Sedco Capital and Lombard Odier has launched the SC LO Global ESG Equities Fund, an ESG-focused and Shariah-compliant UCITS strategy…
EFG Hermes close to obtain licence to finance startups
Egyptian Financial Group Hermes Holding (EFG Hermes) (HRHO) is close to obtain a licence to finance startups and small- and…
PraxisIFM secures coveted corporate services provider licence in the UAE capital
PraxisIFM Group has celebrating its fifth year of establishment in the heart of the ADGM financial district and has been…
GCC Quarterly Review Q3 2021
Uncertificated Securities Rules 2021 New Uncertificated Securities Rules 2021 were issued by the Abu Dhabi Global Market (“ADGM”) in September…
Palm Hills Developments inks syndicated loan deal
Palm Hills Developments announced that its wholly-owned subsidiary Palm Hills for Investments and Real Estate Development signed a syndicated loan…
More effort required to boost trust in AI in financial sector, OECD says
Governments, financial regulators and firms should step up their efforts to work together to address the challenges of developing and…
Saudi Center for Commercial Arbitration signs MoU with Saudi Contractors Authority
With a view to supporting the contracting sector in Saudi Arabia and providing the best alternative dispute resolution solutions, the…
Wizz Financial gets regulator green light to acquire UAE Exchange
Financial technology company Wizz Financial is set to acquire remittance house UAE Exchange, previously owned by troubled London-listed payment firm…
UAE Authorities Sign Deal To Support Cryptocurrency Trading
Details Of The Agreement The United Arab Emirates’ Securities and Commodities Authority has signed an agreement with the Dubai World…
Dubai Abolishes DIFC-LCIA Arbitration Centre and Moves to Revamp DIAC Arbitration
The Emirate of Dubai has unexpectedly abolished the DIFC-LCIA Arbitration Centre, in an apparent effort to concentrate institutional arbitration in…
UAE Central Bank starts to withdraw COVID-19 stimulus measures
The Central Bank of the UAE will begin to gradually unwind stimulus measures introduced to mitigate the economic slowdown caused…