Chase Bank ex-chair's illicit plan to open Somalia bank
On June 16, 2016, Mr Shahad Haider of Dubai’s Sajjad Haider Chartered Accountants was hired to liquidate the Iman Holding…
Regulation, Risk & Compliance
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Indonesia Secures $22.8 Billion From U.A.E. for Wealth Fund
The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up by President…
Boubyan & Al-Hisba Ink Strategic Real Estate Market Analysis Agreement
Boubyan Bank had recently signed a strategic agreement with Al-Hisba Real Estate Company “Al-Hisba” whereby the bank provides special services…
Regulation of Crypto Assets
Introduction The rapid growth of crypto assets has raised questions about the appropriate regulatory perimeter and the ability of…
DIFC introduces new leasing law
The Dubai International Financial Centre (DIFC) has enacted a new DIFC Leasing Law No. 1 of 2020 that specifies requirements…
Bahrain liquidity fund deadline for large firms, SMEs
The deadline for applying for support under BD100 million liquidity fund is January 16 for large companies and March 19…
New regulations amend income tax law and introduce transfer pricing requirements
Executive regulations published in Qatar’s official gazette on 11 December 2019 clarify and in certain cases substantially amend provisions of…
Bank of China Approved for Saudi Branch Launch
Bank of China has been approved by Saudi Arabian authorities to open a branch in the kingdom, in yet another…
Saudi court approves $14 billion in claims against AHAB and Saad Group
Saudi Arabia's largest and longest debt saga could be nearing a resolution after a court approved around $14 billion in…
Euronet Worldwide will work with Visa in bolstering the Visa Fintech Fast Track program in CEMEA
Visa had announced Euronet Worldwide, is working with Visa to augment Visa’s fintech fast-track program in the Central and Eastern…
ADNOC and Abu Dhabi Pension Fund sign agreement to increase pensionable salary of ADNOC's UAE national employees
The Abu Dhabi National Oil Company had signed an agreement with Abu Dhabi Retirement Pensions & Benefits Fund to improve…
Dubai regulator fines defunct wealth firm nearly $250,000
The Dubai Financial Services Authority had announced that it has fined Morgan Gatsby Limited, approximately USD 246,000 (approx. AED 900,000),…