Dubai outlines plans to unify legal framework for Islamic finance
The chief executive of Dubai Islamic Economy Development Centre outlined the phases for the development of a unified legal framework…
Regulation, Risk & Compliance
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Dubai International Financial Centre Invests in Innovative FinTech Start-up Companies
Dubai International Financial Centre (DIFC), a leading international financial centre and top international business hub in the Middle East, Africa…
DIFC back to business with offices, retail outlets and restaurants open
Dubai International Financial Centre has welcomed back clients, visitors, retailers and restauranteurs at the Centre. “The health and safety…
Abraaj ex-CEO’s alleged theft cost the firm $385m – liquidators
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385m,…
Bahrain planning to set up specialised banking court
Bahrain Association of Banks is considering the establishment of a specialised banking court to help speed up procedures and strengthen…
DFSA and Deloitte Middle East publish discussion paper on Digital Assets Custody
DFSA’s Innovation Strategy contributes to the Dubai International Financial Centre’s (DIFC) Future of Finance agenda Paper aims to further support…
Commercial Bank of Dubai allows foreign ownership of its shares
Commercial Bank of Dubai, which counts Investment Corporation of Dubai as its biggest shareholder, became the latest lender in the…
Abu Dhabi Global Market enhances its dispute resolution framework
Recent changes in the law mean businesses now have greater scope to resolve disputes before courts in the Abu Dhabi…
EBRD loan to Turkey’s Akbank boosts lending to businesses
US$ 75 million to boost bank lending to Turkish businesses amid volatility Greater access to finance helps companies overcome coronavirus…
No acquisition by US-based bank: Emirates NBD Bank clarifies
Emirates NBD Bank has said that 101,731,408 shares were purchased by 254 unique investors on 28th May 2020, following a…
Turkish banks' short-term funding fix poses risks in COVID-19 aftermath
Turkish banks’ reliance on short-term foreign currency debt is proving a concern for investors as it risks piling on pressure…
Saudi central bank deploys blockchain technology to deposit money into local banks
The Saudi Arabian Monetary Authority used blockchain technology to deposit part of a SR50 billion funding package for the banking…