Indonesia, UAE sign many economic cooperation deals
Indonesia and the United Arab Emirates recently signed many cooperation and business agreements in the fields of energy, agriculture and…
Regulation, Risk & Compliance
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Azerbaijan ruler Ilham Aliyev’s daughters transferred €15 million to Dubai co from Pilatus accounts
The daughters of Azerbaijan’s dictator Ilham Aliyev transferred €14.9 million from their bank account in the now-shuttered Pilatus Bank, to…
DFSA fines former compliance officer
The Financial Markets Tribunal (FMT), a specialist independent tribunal, has affirmed a decision by the Dubai Financial Services Authority (DFSA)…
The laws that changed the UAE’s personal finance landscape in 2019
This past year was dotted with laws that changed the UAE’s personal finance landscape — most notably insurance regulations to…
Howden partners with Guardian Brokers to boost Middle East presence
Howden has partnered with leading Abu Dhabi-based Guardian Insurance Brokers LLC, expanding its presence in the Turkey, Middle East, and…
Saudi Al Moammar renews $30mln funding agreement with ANB
Al Moammar Information Systems has renewed and amended a credit facility agreement, that is in compliance with Shariah Law, with…
Qatar set to establish centralised Shariah board to bolster Islamic finance
Qatar, which is poised to become a leading Islamic finance hub in the region, is all set to establish a…
Oman's Capital Market Authority approves on sukuk
Oman's Capital Market Authority approved on sukuk (Islamic bonds) program value about USD779 million through private subscription, as it announced…
‘Global Britain’ may lead to blossoming of UK-GCC ties
Britain’s anticipated, unprecedented withdrawal from the EU creates unique challenges and uncertainty. However, at the same time, as in any…
Etihad Credit Insurance partners with HSBC to help UAE businesses and exporters access global markets
Etihad Credit Insurance has signed a Memorandum of Understanding with HSBC to help UAE businesses and exporters access global markets,…
Biggest Saudi bank pulls plug on $271b merger plan with rival
Saudi Arabia's biggest lender scrapped plans to create a US$200 billion (S$271 billion) bank, with differences over valuation potentially contributing…
Mashreq migrates to the Microsoft intelligent cloud
Mashreq Bank announced their migration to the intelligent Microsoft Cloud to scale productivity and boost collaboration. The bank will now…