U.S. sanctions Lebanon's Jammal Trust Bank for ties to Hezbollah
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned Jammal Trust Bank SAL (Jammal Trust), a Lebanon-based…
Regulation, Risk & Compliance
8954 articles found
UAB finances 100% of Emirati citizens housing with repayment period up to 25 years
The United Arab Bank (UAB) has recently signed a memorandum of understanding (MoU) with the Mohammed Bin Rashid Housing Establishment…
Emirates NBD’s fintech tie-ups positive: Moody’s
Emirates NBD’s collaboration with the DIFC FinTech Hive, the Dubai International Financial Centre’s fintech accelerator and hub, for the certification…
RAKBANK partners with CRIF GULF DWC (Dun & Bradstreet) to offer SMEs business information, risk and compliance solutions
The National Bank of Ras Al Khaimah has entered into a Memorandum of Understanding with CRIF GULF DWC LLC (Dun…
PayThink Middle Eastern M&A heightens payment fraud and laundering risk
The correspondent banking network in the Middle East has been complicated recently by the flurry of consolidation. Around 20 institutions…
FinTech Abu Dhabi’s search for global fintech talent?
MENA’s leading FinTech festival, hosted by Abu Dhabi Global Market has announced that its global FinTech tour will be reaching…
Abu Dhabi's FAB rejects Qatari financial regulator's allegations
First Abu Dhabi Bank has rejected allegations by the Qatar Financial Centre Regulatory Authority that its branch in the Qatar…
BlackRock Mideast Foray May Grow With Israel Infrastructure Push
The world’s largest asset manager BlackRock Inc. could add to its footprint in the Middle East by joining Israel’s infrastructure…
Bahrain and Abu Dhabi Compete To Be Gulf’s Cryptocurrency Hub
Bahrain and Abu Dhabi are racing to become the Gulf region's leading hub for cryptocurrencies, decentralized digital currencies that utilize…
Qatari Regulator Fines the UAE's Biggest Lender $55 Million
The QFC Regulatory Authority has announced that it has imposed a financial penalty of (USD 54,945,055 on First Abu Dhabi…
Pharos holding announces prime talks on acquiring its two subsidiaries end in deadlock
Pharos Holding for Financial Investments announced that it has not reached a final agreement regarding the offer submitted by Prime…
UAE businesses need to crack payment muddle
Businesses in the UAE have been facing a severe drought, brought on by drastic changes in the economic climate since…