European bank loans Turkey’s QNB Finansbank $108M
The European Bank for Reconstruction and Development (EBRD) is providing a €100 million ($108 million) loan to a Turkish lender…
Regulation, Risk & Compliance
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UAE ministries may be merged, authorities changed: Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,…
Combating coronavirus: All UAE expats exempted from visa fines
A grace period of three months, starting from May 18, has been set for all expats who are staying in…
UAE to review government structure, size in post-coronavirus strategy – statement
The United Arab Emirates will review the structure and size of its government as part of its strategy for dealing…
Sheikh Mohammed grants 10-year Gold Card visas to Dubai doctors battling Covid-19
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has decided…
UAE expats 'exempt from all fines' for 3 months
The United Arab Emirates announced this morning that all expats residing in the country who have breached the terms of…
Moelis & Co granted advisory licence in Saudi Arabia -CMA
U.S. investment bank Moelis & Co MC.N has been granted an advisory licence by Saudi Arabia, the Capital Market Authority…
FAB and Bahrain Clear sign depository agent agreement
First Abu Dhabi Bank, FAB, recently signed a 'Depository Agent Custodian' agreement with Bahrain Clear to offer custody services at…
Lebanon to start IMF negotiations in next two days, says minister
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said…
Dubai watchdog fines two firms and three directors
The Dubai Financial Services Authority has given penalties to two investment firms and three individuals for failing to comply with…
Forensic auditor to review every transaction at Lebanon’s central bank
A forensic auditor is set to review every transaction at Lebanon’s central bank, according to Minister of the Economy Raoul…
UAE banks report exposure to commodities broker in liquidation
UAE banks have started reporting their exposure to the Dubai subsidiary of Phoenix Commodities, which recently filed for liquidation. …