ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance
Abu Dhabi Commercial Bank has signed an agreement to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance.…
Regulation, Risk & Compliance
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GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil…
UAE to train anti-money laundering professionals under new programmes
The UAE Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism has launched two…
Saudi Arabia’s euro bond 3 times oversubscribed
The Saudi National Debt Management Center (NDMC) has announced the receipt of subscriptions from investors for its second international issuance…
Egypt’s foreign investments in government debt instruments amounted to $29bn
The value of foreign investments in Egyptian government debt instruments in the first quarter of the current fiscal year amounted…
UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house
The Central Bank of the UAE imposed sanctions on a non-authorised individual related to an exchange house operating in the…
Israel: Characterization of recharges for provision of stock-based compensation clarified
On 27 January 2021, the Israeli Tax Authority (ITA) published Circular 1/2021 that addresses the classification of a payment by…
UAE's zero-tolerance on money laundering is netting results
The actions by the UAE Central Bank to fine 11 banks Dh45.76 million is a strong signal that as a…
UAE Executive Office to combat money laundering, terrorism funding
In a major step to combat money laundering and financing terrorism, the UAE Cabinet, chaired by His Highness Sheikh Mohammed…
UAE Central Bank imposes Dh600,000 penalty on individual linked to exchange house
The Central Bank of the UAE imposed sanctions on a non-authorised individual related to an exchange house operating in the…
Oman SME registrations surge 14.4% in 12 months
The total number of Small and Medium Enterprises registered in Oman’s Authority for Small and Medium Enterprises Development till the…
Emirati property investment firm unveils 12-year visa
UAE-based real estate investment company Al Hamra has rolled out its ‘Live & Work’ initiative in the emirate of Ras…