Statement from Central Bank of the UAE
The Central Bank of the UAE has announced that, effective, Thursday 1st August 2019, it will lower interest rates applied…
Regulation, Risk & Compliance
8954 articles found
The Firm That Wrecked Private Equity for the Middle East
The collapse of Abraaj Group didn’t just kill the private equity firm Arif Naqvi built in Dubai. It ruined the…
Financial package agreed for largest wind farm in Middle East
EDF Renewables and Masdar have reached a deal with Saudi and international banks to finance the Middle East’s largest wind…
Bahrain crypto exchange Rain secures MidEast's first licence
Bahrain-based cryptocurrency exchange, Rain, announced on Wednesday that it has acquired a licence from the central bank and has closed…
As Fed cuts interest rates UAE and other GCC central banks follow suit
The Central Bank of the UAE and other Gulf regulators cut benchmark interest rates following the US Federal Reserve's decision…
Microsoft and Publicis Sapient build digital trade finance bank in six months
Publicis Sapient, the digital business transformation hub of Publicis Groupe, and Microsoft, has announced their partnership supporting the launch of…
IIFM Publishes its Annual Sukuk Report 2019
The International Islamic Financial Market has announced the publication of the 8th Edition of its annual Sukuk Report. The research…
DIFC, Mashreq Bank and norbloc to launch the region's first production blockchain
Dubai International Financial Centre together with Mashreq through its Corporate and Investment Banking Group, and norbloc, the leading Know Your…
Saudi Arabia allows two firms to test robo-advisory services
Saudi Arabia's Capital Market Authority has approved Wahed Capital and Haseed Investing Company to test their robo-advisory services, as part…
Bahrain’s money supply increased by 9.2%
Bahrain’s (M3) money supply increased by 9.2 per cent reaching BD13,546.2 million as of end-June, compared with BD12,402.3m as of…
Collapsed Buyout Firm Abraaj Fined Record $315 Million by Dubai
• Serious wrongdoing by two Abraaj group companies included carrying out unauthorised activities in the DIFC and misusing investors’ monies.…
Access Bank, DIFC woo firms for offshore business
Access Bank Plc is partnering with the Dubai International Financial Centre to attract large corporate firms looking to setting up…