UAE's first ETF tracking Sharia-compliant index lists on UAE markets
The UAE's first exchange traded fund tracking a Sharia-compliant index began trading on the Abu Dhabi Securities Exchange (ADX) and…
Regulation, Risk & Compliance
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UAE Fintech NymCard Granted In-Principle Approval to Hold, Transfer Customer Funds, while Issuing Payment Cards
Abu Dhabi based NymCard, a card issuing and processing platform, has reportedly been granted “in-principle” approval from the Financial Services…
Salama announces AED11.5 million surplus distribution to Takaful policyholders for 2019
Islamic Arab Insurance Company has announced a payment of surplus (cash returns) of AED11.5 million to eligible group credit life…
Fintech industry is growing in Saudi Arabia, says report
Fintech Saudi has said it is seeing the emergence of a growing industry in the Kingdom, as the sector continues…
Saudi Arabia Launches a New Event Focused on Tech
The Kingdom of Saudi Arabia, or commonly in the Gulf Cooperation Council (GCC) region also known as ‘KSA,’ is putting…
How the world reacted to UAE, Israel normalising diplomatic ties
The United Arab Emirates has become the first Gulf Arab country to reach a deal on normalising relations with Israel,…
Algeria turns to Islamic finance to prop up economy
Algeria has launched Islamic finance products in a bid to attract money from the informal market, but bankers warn it…
Bahrain Seen Needing More Gulf Aid as It’s Downgraded by Fitch
Bahrain received its first downgrade in over two years from Fitch Ratings, which said it will likely “require further Gulf…
Bahrain to set up committee to counter money laundering and terrorism
Bahrain will form a committee to counter extremism, money laundering and terrorism, under a royal decree announced on Sunday. …
UAE lenders banking on gradual recovery
Profitability at UAE banks will remain under strain in the second half of 2020, with recovery largely to be gradual…
Dubai ruler issues decrees to restructure boards of Investment Corporation of Dubai and Meydan City Corporation
The ruler of Dubai on Saturday issued decrees to restructure the boards of the emirate's sovereign wealth fund Investment Corporation…
Oman in the COVID-19 Pandemic: People, Policy and Economic Impact
Fifty years ago today, on 23 July 1970, Sultan Qaboos removed his father, Sa’id bin Taimur, in a British-supported palace…