UAE Cabinet approves draft law amending nation's Federal Agency Law
The UAE Cabinet has a approved a draft law amending provisions within the nation's Federal Law No. 18 of 1981,…
Regulation, Risk & Compliance
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ENBD signs agreement with DLD to offer trust account services
Emirates NBD had signed an agreement with Dubai Land Department’s Real Estate Regulatory Agency, to become an escrow agent to…
New partnership forged to develop social impact projects
The Authority of Social Contribution – Ma’an and the Department of Municipalities and Transport had announced a new Memorandum…
The Tokenisation of Assets and Potential Implications for Financial Markets
The tokenisation of assets involves the digital representation of real (physical) assets on distributed ledgers, or the issuance of traditional…
UAE: Further guidance on economic substance rules released
On 5 January 2020, the Ministry of Finance of the United Arab Emirates (UAE) issued frequently asked questions (FAQs) on…
Ministry of Climate Change and Environment and Alliances for Global Sustainability partner with IMKAN to launch 'The Guardians Initiative'
In line with the UAE Vision 2021, the Ministry of Climate Change and Environment and Alliances for Global Sustainability signed…
Egypt’s Sovereign Wealth Fund sign MoU
Egypt’s Sovereign Wealth Fund and Hassan Allam Holding -a construction and engineering group- announced on Wednesday their signing of a…
Down, but not out: Middle East private equity fights on
As one area of the Middle East’s alternative asset classes continues to flourish, another is struggling to reinvent itself. …
Jersey's private wealth relationship with the Middle East
The relationship began in earnest in the mid-twentieth century with the City of London as the catalyst. London has…
Al Hilal Bank to sell Takaful to Siraj Holding
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank, ADCB, has agreed to sell Al Hilal Takaful, its…
President Faure explores Banking and Finance Opportunities for Seychelles
On the second and last day of his State Visit in the Kingdom of Bahrain, President Danny Faure visited the…
Sheikh Mohammed enacts amendments to DIFC Employment Law
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, ratified amendments by the Dubai International…