UAE drafts new law on charity fundraising to combat money laundering
The UAE is developing a new law that will further regulate fundraising and donations for charity in the country to…
Regulation, Risk & Compliance
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Rates Unchanged, But Gradual Liquidity Withdrawal
The RBI monetary policy committee (MPC) met in the backdrop of global central banks indicating taper. While the rates were…
Talking point: Dubai Decree 34/2021 – implications for the DIFC-LCIA
What does the Decree do? On 14 September 2021, the government of Dubai issued Decree 34 of 2021 Concerning the…
GCC nations, UK in talks to bolster ties with free trade deal
The UK and the six Gulf Cooperation Council states have begun preliminary talks on a free-trade agreement, Bahrain said, as…
Saudi data protection reform to take effect in March 2022
Businesses operating in the Kingdom of Saudi Arabia (KSA) will be subject to new data protection laws due to come…
Judge rules Bahrain’s GFH can seize Dubai fraudster David Haigh’s properties
A judge has ruled that Bahrain’s GFH Financial Group can seize Dubai fraudster David Haigh’s properties following his failure to…
UAE issues a historic 'federal' bond issue to raise $4b
The UAE's Ministry of Finance has released a $4 billion bond package for subscription, featuring a 10-year tranche, another of…
Saudi wealth fund completes deal for Newcastle United FC
The head of the Public Investment Fund, Yasir Al Rumayyan, will become a non-executive chairman of the Premier League club…
Iran appoints new central bank chief – state media
Iran has appointed Ali Salehabadi as head of the central bank, Iranian state TV reported on Wednesday, as the Islamic…
World Bank official predicts 3.3% GDP growth for KSA in 2022
With an improvement in the global oil demand, the World Bank has predicted Saudi Arabia’s average gross domestic product to…
The Central Bank of Oman and the Banking Sector…
The Central Bank of Oman and the banking sector in Oman, has announced an allocation of RO 7 million for…
Saudi data protection reform to take effect in March 2022
Businesses operating in the Kingdom of Saudi Arabia will be subject to new data protection laws due to come into…