Combating coronavirus: Dubai warns of $10mln loan scheme fraud
The UAE residents and financial services community have been warned against a scam offering $10 million loan to support young…
Regulation, Risk & Compliance
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Lebanese banks set rate of pounds per dollar for withdrawals from dollar accounts-sources
Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from U.S. dollar accounts for this…
QDB selects five competition winners to develop innovative solutions to tackle coronavirus
Qatar Development Bank announced yesterday the names of five teams who won an initiative launched by the bank to develop…
HSBC completes first funding under UAE Central Bank's targeted economic support scheme
HSBC has arranged its first funding for customers under the Central Bank of the UAE’s Targeted Economic Support Scheme (TESS)…
Economic Substance in the UAE – 2020 Update
Transparency has been high on government agendas since the global financial crisis and this has resulted in the introduction of…
DAC6 – The EU’S Mandatory Disclosure Regime (MDR) and its Impact on the UAE
What is DAC6? Transparency has been high on government agendas since the global financial crisis and this has resulted…
Gold prices near steady as global stock markets gain
Gold prices are not far from unchanged on the day in early U.S. trading Tuesday. More chart consolidation and some…
Why gold is the dollar’s only real challenger among global currencies
The US dollar is back to highs not seen in three years, and that means the dollar-linked dirham is also…
COVID-19 response: DIFC announces Presidential Directive to protect firms, employees
Dubai International Financial Centre on Sunday announced DIFC Presidential Directive No. 4 of 2020, which seeks to help limit the…
UAE is partially lifting its coronavirus lockdown measures
The UAE is partially lifting its coronavirus lockdown measures. From 24 April, residents will be allowed to leave their…
Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition…
Coronavirus curfew in Saudi Arabia has been partially lifted
The coronavirus curfew in Saudi Arabia has been partially lifted. Residents will have to stay in their homes between…