New Abu Dhabi body formed to foster public-private links
A new economic collaboration committee made up of senior public and private sector figures in Abu Dhabi has been created…
Regulation, Risk & Compliance
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Central Bank of the Philippines open to Qatar-based funding
Bangko Sentral ng Pilipinas (BSP) has announced plans to explore potential investment deals from Qatar for digital banking and fintech…
Banks Legal on COVID-19 and leases in the UAE
As the economic impact of the COVID-19 pandemic permeates economies across the region, we have seen an increase in enquiries…
UAE Central Bank unveils more measures to shore up banks
The Board of the Central Bank of the UAE has decided on additional measures within the Targeted Economic Support Scheme,…
Israeli AI tech to assist Japan’s largest bank uncover promising Asian startups
MUFG Bank, Japan's largest bank, is doubling down on Israeli Artificial Intelligence technology, announcing on Friday a joint $80 million…
Qatar ADR: scope to resolve construction claims
Construction companies in Qatar can look to avoid costly litigation or arbitration proceedings by seeking to resolve disputes over construction…
Porto Group signs joint, several guarantees with Banque Misr
Porto Group will provide a joint and several guarantees to Banque Misr to ensure Porto for Tourism Development, according to…
Lebanon Central Bank tells banks to give loans to those affected by Beirut explosion
Lebanon Central Bank has told banks and financial institutions to extend exceptional dollar loans at zero interest to individuals and…
Turkey’s tumbling lira tests Erdogan’s rate resolve
Turkish central bank head Murat Uysal has stuck to the rate-cutting script since President Recep Tayyip Erdogan hired him to…
Dubai court tells bank to pay customer Dh4.6 million after his account got hacked
A Dubai commercial court order for a bank to repay a customer Dh4.5 million has been upheld by the Dubai…
CBUAE includes the UAE Dirham as the first settlement currency in "Buna" platform
The Central Bank of the UAE has signed an agreement with the Arab Monetary Fund to include the UAE Dirham…
United Arab Emirates: Economic substance considerations for reporting purposes
The economic substance (ES) regulations in the United Arab Emirates (UAE) require that “licensees” (e.g., resident entities licensed to carry…