Spotlight MEA: Developing a Single Universal Open Banking API
The Gulf Cooperation Council, which consists of Saudi Arabia, United Arab Emirates (UAE), Bahrain, Qatar, Oman and Kuwait, have seen…
Regulation, Risk & Compliance
8932 articles found
Emirates Islamis Closes $500million Sukuk Issuance
One of the leading Islamic financial institutions in the UAE, Emirate Islamic, has successfully closed the issuance of a $500…
UAE's Tess scheme benefits more than 300,000 customers, Central Bank says
More than 300,000 individuals have benefited from the Targeted Economic Support Scheme (Tess) rolled out to mitigate the impact of…
UAE central bank urges banks to step up anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country.…
Israel's Harel reaches cooperation deal with Dubai Insurance
Israel's Harel Insurance Group said on Wednesday it signed a deal with Dubai Insurance Co to provide insurance services in…
UAE announces details of economic substance regulations
The Ministry of Finance, MoF, announced the details of the Cabinet Resolution No. (57) of 2020 concerning Economic Substance Regulations,…
Saudi Arabia campaign uncovers 770 VAT violations
Saudi authorities have recorded 770 VAT violations during a large-scale campaign on retail stores across the Kingdom, local media reported.…
QFC Regulatory Authority prohibits IFSQ from conducting business
The Qatar Financial Centre Regulatory Authority yesterday announced that it has issued the International Financial Services (Qatar) LLC (QFC No.…
Turkey's Akbank selects Featurespace for fraud prevention
Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub…
Mubadala and Sberbank Sign Strategic Agreement To Explore Opportunities
Mubadala Investment Company and Sberbank has signed a strategic agreement to explore opportunities of mutual benefits. The agreement covers…
What Are The Go-To Jurisdictions for Wealthy Middle Easterners and Why?
Ultra High Net Worth Middle Eastern families and individuals have a variety of jurisdictions to look to for succession planning…
Apex bolsters UAE presence with acquisition
Apex Group has announced the acquisition of Praesidium Advisory Ltd. The deal, which closes today, adds further weight to…