Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil – sources
Dubai Islamic Bank has revived plans to issue a U.S. dollar-denominated sukuk, or Islamic bond, sources familiar with the matter…
Regulation, Risk & Compliance
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Oman to set up an investment authority to manage government assets – state TV
Oman is setting up the Oman Investment Authority to own and manage most of the country's sovereign wealth fund and…
First Abu Dhabi to redeem $750 mln in perpetual bonds -filing
First Abu Dhabi Bank intends to redeem its $750 million Additional Tier 1 (AT1) bonds on their first call date,…
Lebanon removes banking secrecy rules to fight corruption
Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption…
Saudi banks face tough few quarters but are well capitalised, say CEOs
Saudi Arabia’s banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability…
Emirati unemployment in UAE stands at over 12,600
A call has been made to introduce unemployment benefits for Emiratis after it was revealed that 12,653 UAE nationals are…
UAE Government's TRA responds to 77,000 cyber-attacks in April
The Telecommunications Regulatory Authority responded to 77,000 cyber-attacks in the UAE Federal Government during May – more than double the…
Region’s first Regtech event hosted by the Dubai Financial Services Authority and Dubai International Financial Centre
The Dubai Financial Services Authority hosted the first edition of a Regulatory Technology (RegTech) event, ‘RegTech Live’, on 2 and…
Forum discusses tax cooperation among BRI’s member countries
The UAE was one of the fastest nations in setting and implementing precautionary measures to curb the spread of the…
Pepperstone Secures Lucrative DFSA License in Dubai
Pepperstone has secured a license from the Dubai Financial Services Authority (DFSA), a few months after it has already incorporated…
Authorities “may be sowing seeds of Turkish economy’s downfall” by pumping money at fastest rate for more than decade
An analyst on June 3 responded to data showing Turkey’s policy makers are pumping money into the economy at the…
Dubai's DIFC firms to benefit from group healthcare scheme
Dubai International Financial Centre announced today it has signed an MoU with EC3 Brokers to introduce a new group health…