17,500 enrolled into Dubai's employee benefit scheme
Dubai International Financial Centre's (DIFC) employee workplace savings scheme has signed 1,135 employers in DEWS, representing 17,567 active employees according…
Regulation, Risk & Compliance
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Emirates Islamic's $500m sukuk issue draws in a substantial $1.2b
Emirates Islamic has closed a $500 million five-year sukuk forming part of its $2.5 billion 'Certificate Issuance Programme'. The issue,…
Al Baraka to change the operational structure of its parent company in Bahrain
In line with its future strategy and business modeland to benefit from the regulatory framework of the Central Bank of…
Creditors take action against UAE's Al Jaber in decade-long saga
Creditors have started to enforce claims against Abu Dhabi-based Al Jaber Group, in a dispute triggered by a construction downturn…
Retire in Dubai: costs revealed
Earlier this month Dubai government announced that over 55s are now able to apply for a visa to enable them…
Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq
The Islamic State’s infamous rule over vast areas of Iraq during 2014 and 2016 not only led to a humanitarian…
Will the chance to retire in Dubai appeal to British expats?
The UK and Dubai have long enjoyed a close relationship, with historical, cultural and trade ties stretching back decades. Around…
Turkish banking sector’s credit volume increases
The Turkish banking sector’s credit volume increased by over TL 15.18 billion ($2.01 billion) in the week of Sept. 4-11,…
Qatar, US support strong and united GCC
The Governments of the United States and the State of Qatar have expressed concern about the detrimental security, economic, and…
Israeli and Emirati diamond exchanges sign 'collaboration agreement'
Diamond exchanges in Israel and the United Arab Emirates will soon open offices in each other’s countries. The news is…
UAE's Emirates Islamic Bank confirms $500mln bond sale
UAE-based Emirates Islamic Bank has confirmed it has sold Islamic bonds, or sukuk, worth $500 million to beef up liquidity.…
Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi
Abu Dhabi Islamic Bank has signed a memorandum of understanding with Bank Leumi, one of Israel’s largest banks. ADIB…