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…
Regulation, Risk & Compliance
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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…
Dubai Financial Services Authority fines two Abraaj companies Dh1.15 billion
Dubai’s financial services regulator fined Abraaj Group-affiliated companies $315 million (Dh1.15bn) for unauthorised activities and misusing investors’ monies. In…
Dubai DIFC partners with Indian state of Maharashtra
Dubai International Financial Centre had signed an MoU with Government of Maharashtra in India to explore mutually beneficial partnerships with…
First Abu Dhabi Bank, Etisalat launch UAE trade finance blockchain
On July 15th, Etisalat Digital announced a new nationwide blockchain trade finance platform called UAE Trade Connect (UTC). It was…
Burj Kadi secures funding from AIB-Bahrain
High-rise tower will feature different types of units ranging from studios to villas Al Baraka Islamic Bank (AIB-Bahrain) has…
New partnership emerges between two major banks in Middle East
Two major Middle Eastern banks have announced that they will join forces to provide remittance solutions to customers originally from…
Noor Bank, National Bonds partner to bring customers value-added benefits
Noor Bank, has entered a strategic partnership with National Bonds Corporation, a renowned investment company, to launch a first-of-its-kind initiative…