Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

A fundamental change to doing business in the UAE: The new Economic Substance Regulations (ESRs)

March 19, 2021

The ESRs take aim at "light footprint" presences in the UAE taking advantage of the jurisdiction's lack of taxation, with…

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Hedge Funds & Alternative Investments

UAE tourism seen as top play by Bank of America as global travel resumes

March 19, 2021

The UAE could be one of the biggest beneficiaries from a resumption of global travel in the second half of…

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Regulation, Risk & Compliance

UAE central bank issues new rules for payments systems in country, settling dirhams overseas

March 19, 2021

The Central Bank of the UAE has issued two new regulations that apply to payment systems operating in the country…

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Comment & Analysis

Saudi Arabia closes March domestic sukuk program at $2.05bn

March 18, 2021

Saudi Arabia’s National Debt Management Center closed on Tuesday its local issuance for March, 2021 of the Kingdom’s sukuk, or…

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Comment & Analysis

Bahrain sees 140% rise in government health contracts

March 18, 2021

Bahrain’s Ministry of Health reported a 140 percent year-on-year increase in the total value of tenders awarded last year, as…

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FinTech

EFG Hermes Finance Signs Partnership with Universal Group to Create Bespoke E-commerce Platform

March 18, 2021

EFG Hermes has announced that its NBFI platform has signed a partnership with Universal Group to launch a bespoke e-commerce…

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Fraud & Ethics

Anti-Money Laundering Laws and Penalties in the UAE

March 18, 2021

Following a number of suggestions made by the Financial Action Task Force, the UAE published the Federal Decree Law No.…

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Comment & Analysis

UAE Central Bank issues regulations on payment systems, including large-value transactions

March 18, 2021

The UAE Central Bank has issued two new regulations related to 'Large-Value Payment Systems' and 'Retail Payment Systems '. Both…

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Regulation, Risk & Compliance

New CBUAE and Aurora50 Partnership Will Enhance Female Representation Across the UAE

March 18, 2021

The Central Bank of the UAE  has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on…

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Financial Results

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

March 18, 2021

Dubai Islamic Bank  the largest Islamic bank in the UAE, successfully concluded its Annual General Meeting held remotely at the…

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Hedge Funds & Alternative Investments

EBRD partners with Bank of Palestine to support Women in Business in the West Bank and Gaza

March 17, 2021

EBRD teams up with Bank of Palestine to support women entrepreneurs in the West Bank and Gaza Increased lending for…

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Islamic Finance

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

March 17, 2021

Dubai Islamic Bank has successfully concluded its Annual General Meeting (AGM) held remotely at the bank’s headquarters in Dubai.   …

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