DFSA imposes restrictions on FFA Private Bank (Dubai) Limited
The Dubai Financial Services Authority (DFSA) announced that it has imposed restrictions on FFA Private Bank (Dubai) Limited (FFA) prohibiting…
Regulation, Risk & Compliance
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PwC Legal Middle East wins two awards
PwC Legal Middle East has won two awards from the distinguished Middle East Legal Awards 2021 - Innovation through Technology…
UAE, UK seek to identify, tackle money laundering and terrorist financing
The Executive Office of the Anti-Money Laundering and Counter Terrorism Financing has concluded an initial two-week programme with Her Majesty’s…
Saudi Arabia awarded highest ICT regulatory classification by ITU
ITU’s G5 classification is reserved for the world’s most advanced and high-performing ICT regulators …
A guide for company directors in Saudi Arabia
Directors usually have wide powers to manage the affairs of their company and act as its agent and a duty…
Sohar International introduces Escrow accounts for real estate sector in Oman
Further enhancing investor confidence whilst facilitating financial services for developers, Sohar International introduces Escrow Accounts. This financial solution comes…
UAE Central Bank raises interest rate by 5bp after US Fed move
The UAE Central Bank has raised the base rate on the Overnight Deposit Facility by 5 basis points from Thursday…
CBUAE Financial Stability Report highlights resiliency of UAE's financial system amid COVID-19 pandemic
The Central Bank of the UAE has published its Financial Stability Report for the year 2020, featuring key solvency and…
United Arab Emirates: Guidance issued on mutual agreement procedure
The United Arab Emirates Ministry of Finance has published on their website guidance (dated 7 January 2021) on the mutual…
Saudi insurance merger to create massive investment fund
The Saudi Public Pension Agency’s (PPA) merger with the General Organization for Social Insurance (GOSI) will create in one of…
HSBC’s expat account offers unique features on single, secure platform
HSBC’s expat account offers international customers with multiple accounts in different countries the unique option to access their accounts on…
QCB denies QLM from paying interim dividend
Qatar Central Bank said yesterday that it did not approve QLM Life and Medical Insurance Company’s dividend distribution, given its…