Maktoum bin Mohammed issues Decision appointing DFSA Board
Saeb Eigner reappointed as Chairman of Board; Fadel Al Ali appointed as Deputy Chairman His Highness Sheikh Maktoum bin…
Regulation, Risk & Compliance
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Dubai announces new economic stimulus package worth Dhs1.5 billion
Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed…
Mohammed bin Talal Al-Nahhas, governor of the Saudi Public Pension Agency
Mohammed bin Talal Al-Nahhas has been the governor of the Saudi Public Pension Agency since Aug. 2016. He played…
Turkey Revokes Experience Requirement for Central Bank Deputy Governor
Turkey has revoked a requirement that central bank deputy governors have 10 years prior experience and dropped a rule that…
Jordan presses sweeping tax evasion crackdown to aid ailing economy
Jordan’s Prime Minister Omar al-Razzaz promised on Sunday to deepen a crackdown on tax evasion that officials say has deprived…
Offshore jurisdictions can soothe investor concerns
Investors have been looking for jurisdictions that can offer stability without regulatory, legal or economic surprises. Research by Jersey…
Emirates NBD’s capital issuance creates more buffer against impairments
Emirates NBD’s recent issuance of $750 million Additional Tier 1 (AT1) capital will boost its buffer against a potential surge…
Think tank skewers Dubai as hub for ‘dirty money’
US-headquartered global think tank Carnegie Endowment for International Peace has said that Emirati leaders and the international community have turned…
Qatar Participates in Global Summit to Discuss Impact of COVID-19 on Global Economy
The State of Qatar, represented by the Ministry of Administrative Development, Labor and Social Affairs, participated in the virtual global…
Mobile payment service PayBy ties up with uPay to extend its reach
Abu Dhabi-based FinTech PayBy is partnering with uPay to expand its reach to more than 850 uPay self-serve kiosks across…
Fitch Affirms Gulf International Bank- Saudi Arabia at 'BBB+'; Stable Outlook
Fitch Ratings has affirmed Gulf International Bank - Saudi Arabia's (GIB SA) Long-Term Issuer Default Rating (IDR) at 'BBB+' with…
UAE merges financial services regulators in government shake-up
The United Arab Emirates is to merge its Insurance Authority (IA) and Securities and Commodities Authority as part of a…