COVID-19: World Bank chief warns extreme poverty could surge by 100m
The coronavirus pandemic may have driven as many as 100 million people back into extreme poverty, World Bank President David…
Regulation, Risk & Compliance
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UBP's Saudi Setback
The Genevan wealth manager is grappling with a hefty claim for damages from a major fraud scandal. After a years-long…
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Dubai again has loosened laws governing alcohol sales and possession of liquor as the sheikhdom tries to claw its way…
QFMA sheds light on key efforts and achievements in its 2019 annual report
The Qatar Financial Markets Authority (QFMA) has issued its 2019 annual report, which includes a detailed summary of the QFMA's…
Normalisation of ties with Israel will support UAE tourism and transport: Moody's
The agreement between Israel and the UAE to normalise their diplomatic relations will have important economic and geopolitical ramifications for…
QFCRA takes disciplinary action against former CEO of company
The QFC Regulatory Authority announced yesterday that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
Saudi Marketing signs $26.67mln financing deal with Bank Albilad
Saudi Marketing Company has signed a 100 million Saudi riyals ($26.67 million) Islamic credit facility agreement with Bank Albilad. …
Abu Dhabi in talks with banks for new international bond deal, sources say
The government of Abu Dhabi is in talks with banks for a new international bond issue, sources said, having already…
CCB lists $1.2b green bonds on Nasdaq Dubai
China Construction Bank Corp celebrated the listing of two green bonds of $700 million and $500 million, totaling $1.2 billion,…
Ex-Guardian Wealth Qatar CEO hit with fine and ban
The QFC Regulatory Authority has announced that it had taken disciplinary action against the former CEO of Guardian Wealth Management…
QPay witnesses more than 4-fold jump in transactions in 2019
QPay, Qatar's e-commerce payment gateway, has witnessed a "remarkable" more than four-fold jump in transactions in 2019 and the direct…
UAE residents flying back to Dubai still require GDRFA approval
UAE residents flying back to Dubai continue to require approval from the General Directorate of Residency and Foreign Affairs (GDRFA)…