Regulation, Risk & Compliance

FinTech

UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions

June 2, 2021

The UAE Central Bank, the Securities and Commodities Authority , Dubai Financial Services Authority, and the Financial Services Regulatory Authority…

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Legal

UAE foreign ownership implementation and compliance deadlines: what companies need to know

June 1, 2021

There is a lot going on in the UAE from a corporate law perspective, including some rapidly approaching deadlines and…

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Regulation, Risk & Compliance

Kuwait International Bank to sell its total exposure to NMC

June 1, 2021

Kuwait International Bank (KIB) has announced it will sell its exposure to NMC Healthcare, which was placed into administration last…

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Awards and Recognition

The international banker 2021 Middle East Africa awards winners

June 1, 2021

Listed banks in Saudi Arabia reported a healthy 14-percent rise in aggregate net profit before Zakat (a form of almsgiving)…

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Regulation, Risk & Compliance

Meeting UAE's new Consumer Protection Standards for banks

June 1, 2021

The UAE’s Central Bank issued a set of Consumer Protection Regulations and Standards in the first quarter of 2021 –…

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Hedge Funds & Alternative Investments

Get ready to face fines of up to Dh100,000 in case of ‘ultimate beneficial owner’ rules violations

June 1, 2021

UAE has launched a campaign to ensure 513,000 non-financial businesses, regulated by 38 licensing authorities, provide data on ultimate beneficial…

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Hedge Funds & Alternative Investments

Saudi-backed real estate startup in talks to expand into KSA

June 1, 2021

Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand…

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Environment and Sustainable Investments

Banks in Qatar embrace ESG

June 1, 2021

As Environmental, Social and Governance (ESG) issues, risks and opportunities are becoming increasingly relevant for financial institutions, and other entities,…

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FinTech

Saudi Arabia implements cybersecurity framework

May 30, 2021

Saudi Arabia’s Communications and Information Technology Commission (CITC) on Saturday announced the implementation of a regulatory framework to beef up…

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Hedge Funds & Alternative Investments

Egypt to receive $1.6B from IMF during 2nd half of June

May 28, 2021

Egypt is expected to obtain the last tranche of the International Monetary Fund‘s (IMF) loan, amounting to $ 1.6 billion,…

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FinTech

Dubai Coin cryptocurrency was never approved by any official authority

May 28, 2021

The Dubai Electronic Security Centre announced on late Thursday night that the ‘Dubai Coin’ digital currency has not been approved…

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Regulation, Risk & Compliance

Saudi Central Bank allows mothers to open bank accounts for their children

May 28, 2021

The Saudi Arabian Monetary Authority (SAMA) said it will allow mothers to open bank accounts on behalf of their children,…

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