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…
Regulation, Risk & Compliance
8954 articles found
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…
Abu Dhabi denies reports of changes to rules surrounding entry into the emirate
The Abu Dhabi Emergency Crisis and Disasters Committee for the Covdi-19 pandemic said on Tuesday morning that the rules for…
Egyptian expats' remittances rise to $2.9bln in July: CBE
Remittances from Egyptians living abroad rose for the second month in a row, growing by 9.5% year-on-year (YoY) in July,…