UAE criticised for ‘ineffective’ sanctions and money laundering efforts
Authorities in the United Arab Emirates are facing criticism for their “minimal” implementation of UN sanctions and lacklustre efforts to…
Regulation, Risk & Compliance
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The IFSB and AMF renew Mou to support the development of the Islamic finance among member countries
The Islamic Financial Services Board and the Arab Monetary Fund (AMF) sealed the continuation of collaboration between the two institutions…
GCC arbitration centre gets $5.5m claims in Q1
The GCC Commercial Arbitration Centre has received arbitration claims worth $5.5 million during the first three months despite the current…
IMF Response Signals Positive Agreement with Lebanon
Lebanon’s economy is entering a new stage next week, with the start of direct negotiations with International Monetary Fund officials…
Syria’s money man falls foul of Basher al-Assad’s ruling family
To the many followers of his Instagram account, Mohammed Makhlouf seemed to have it made. As the son of…
UAE criticised for ‘ineffective’ sanctions and money laundering efforts
Authorities in the United Arab Emirates are facing criticism for their “minimal” implementation of UN sanctions and lacklustre efforts to…
Over 1,000 DIFC companies enrol in end-of-service scheme
Zurich Workplace Solutions has confirmed that the majority of companies based in the Dubai International Financial Centre signed up to…
Nakheel cuts salaries as pandemic hits Dubai retail and real estate
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and…
QCB launches instructions for financial institutions to address coronavirus risks
The Qatar Central Bank (QCB) has launched a package of instructions for financial institutions operating in the country with a…
Turkey push for cheap credit pays off as banks turn on taps
Turkey’s push for cheap credit to mitigate the fallout from the coronavirus is bearing fruit, as companies and consumers take…
Qatar Wealth Fund seeks $7.6 billion loan backed by stock
Qatar’s sovereign fund is borrowing around 7 billion euros ($7.6 billion) against its stock holdings, as the top liquefied natural…
UAE launches initiative for global legislative framework for Islamic Finance
The UAE on Wednesday launched a new initiative to create a unified global legal and legislative framework for the Islamic…