Dubai regulator fines former Abraaj finance chief $1.7 million
A Dubai regulator has fined the former chief financial officer of collapsed Dubai-based private equity company Abraaj Group and banned…
Regulation, Risk & Compliance
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Qatar Central Bank announce Eid Al Adha holiday for financial institutions
Qatar Central Bank announced on Thursday that Eid Al Adha holiday for all financial institutions in the country, including banks,…
UAE central bank prepares for digital currency launch
The UAE Central Bank (CBUAE) is set to introduce digital currency in a bid to crack the top ten of…
Tobias Schönberg relocates to Roland Berger's Dubai office
One of Roland Berger’s more senior partners in Europe – Tobias Schönberg – has joined the Middle East team, relocating…
PwC appoints Mohammed Yaghmour to lead Middle East tax and legal services
PwC has appointed Mohammed Yaghmour to be its Middle East Tax and Legal Services Leader from 1 July 2021. Mohammed…
UAE urges DNFBP executives to fight money laundering and terrorist financing
UAE ministers and government officials have urged executives from Designated Non-financial Businesses and Professions to raise awareness about how to…
UAE Central Bank Sets Roadmap for CBDC Launch
The Central Bank of the United Arab Emirates has become the latest monetary regulator with an interest in issuing a…
Banks and FinTech partnerships to bring about a paradigm shift in the future of banking industry
Digitisation has changed every sector, and the banking industry is no exception, leading several banks to reduce their physical footprint…
Third financial dialogue between Switzerland and Saudi Arabia
The third financial dialogue between Switzerland and Saudi Arabia took place in Zurich on 12 July 2021. The meeting was…
OPEC+’s dust-up underlines supply management challenges
Key takeaways There is no oil shortage and we retain our 12-month target for Brent crude at USD 60 –…
UAE foundations – FAQs
Foundations have become a popular option for regional wealth structuring and succession planning in the UAE, offering a number of…
UAE to issue its own 'Govcoin' digital currency amid crypto rise in region
The Central Bank of the United Arab Emirates (CBUAE) has announced that it is to issue its own digital currency…