Qatar bans cryptocurrencies after updating its AML laws
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of…
Regulation, Risk & Compliance
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UAE bank fined $600k over money laundering risk
The Jersey branch of a Middle Eastern bank has been fined £475,000 ($613,000) for failing to intervene appropriately when two…
Qatar Central Bank eyes launch of 'Sandbox' technology
The Qatar Central Bank is preparing to launch ‘Sandbox' technology for computer security as part of QCB's preparations to unveil…
SAMA proposes the Draft Rules governing Bancassurance Activities for Public Consultation
As part of the Saudi Arabian Monetary Authority’s mission to enhance the transparency and the contribution of public, SAMA welcomes…
Emiratisation in the UAE
Companies operating in the UAE need to be mindful of what the current legal framework is and the consequences for…
Dubai's Shuaa Capital completes deal to sell market-making business
Shuaa Capital, which recently completed a merger with Abu Dhabi Financial Group, has announced the completion of an all cash…
Government initiatives to regulate supply set to support Dubai's real estate market in year of Expo
Office: Co-working and flexible approaches to office leasing continue to grow in popularity Hospitality: Visitor numbers and occupancy levels set…
Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk
Kuwait’s Boubyan Bank plans to sell $750 million in five-year sukuk, or Islamic bonds, at 120 basis points (bps) over…
DIFC Welcomes Maybank
Dear DIFC Community, Maybank Islamic Berhad (Maybank Islamic), the largest Islamic Bank in Malaysia and the ASEAN region by…
Egypt- Fawry, Banque Misr launch digital loyalty programme
Fawry, e-payment solutions company, signed an agreement with Banque Misr on Sunday, to provide a digital loyalty programme for the…
Oman: Measures to encourage foreign investment
The authorities have started evaluating foreign investments for approval in setting up 100% foreign owned companies in Oman under the…
Tax exemptions granted for UAE sovereign infrastructure investments in India
The UAE and New Delhi have reached an agreement that will lead to tax exemptions for the UAE's sovereign investments…