Dubai businesses ask for more state help to survive coronavirus
Dubai’s private sector has proposed government interventions including state subsidised loans, assistance in covering salaries and lower taxes, to help…
Regulation, Risk & Compliance
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Pandemic shock leads to ‘overhaul’ of Saudi finances
The full scale of the economic shock from the coronavirus pandemic has been revealed in radical measures taken by Saudi…
IMF approves $2.77 bn in emergency pandemic aid for Egypt
The International Monetary Fund on Monday said its executive board approved $2.77 billion in emergency financing to help Egypt grapple…
DFSA takes regulatory action against two firms and three individuals
Dubai Financial Services Authority, the regulator of Dubai International Financial Centre , is to impose fines on two firms and…
Bin Aweidha confirms to Banking Day that World Investments plans to go ahead with Xinja funding
A prominent Dubai-based lawyer has a good rule of thumb for gauging the importance of myriad minor royals in the…
The United Arab Emirates: A Key Piece in the Gobal Money Laundering Puzzle
By the normal standards of the Financial Action Task Force (FATF), a recent report into attempts by the United Arab…
UAE not to hike VAT rates and follow Saudi move
The UAE has no plans to increase its VAT (value-added tax) rate, according to Younis Haji Al Khouri, under-secretary in…
COVID-19: Saudi governorate put under total lockdown
Saudi authorities announced Tuesday imposing a 24-hour curfew in the governorate of Beesh in the south-western region of Jizan until…
UAE Central Bank, ADGM to host fintech event in November
The Central Bank of the UAE and Abu Dhabi Global Market have joined up to support the adoption of financial…
Turkey Lifts UBS Lira-Ban
The ban to trade in Turkish lira proved a short-lived experience for UBS and two other big banks. The damage…
Dubai real estate fund says irregular trading dented share price
Emirates REIT, a Dubai-based sharia-compliant real estate investment trust, said on Sunday it had found evidence of irregular trading activity…
Qatar Central Bank Is “Actively Working” on Fintech Initiatives, and Exploring Blockchain Use Cases
Qatar’s central bank has proposed a second strategic plan which involves establishing clear policies that aim to support venture capital…