Regulation, Risk & Compliance

Regulation, Risk & Compliance

DIFC law revamp came after 'a long and hard look over years', says chief legal officer

July 2, 2019

Jacques Visser became chief legal officer at the Dubai International Financial Centre Authority in September 2015. The financial hub, set…

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FinTech

DFSA accepts four FinTech firms into its 2019 regulatory sandbox Summer Cohort

July 2, 2019

The Dubai Financial Services Authority  accepted four FinTech firms into its 2019 Summer Innovation Testing Licence Cohort following the evaluation…

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FinTech

Crypto Assets Exchanges In The Kingdom Of Bahrain

July 2, 2019

Two jurisdictions in the Middle East have sought to codify Two jurisdictions in the Middle East have sought to codify…

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Regulation, Risk & Compliance

Pakistan signs $375 million syndicated loan with UAE banks

July 1, 2019

Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional…

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FinTech

DFSA signs MoU with Smart Dubai

July 1, 2019

The Dubai Financial Services Authority has  signed a Memorandum of Understanding with Smart Dubai to collaborate on organisation-wide smart transformation…

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Legal

Abraaj investigation is 'well resourced', says Dubai's financial regulator

July 1, 2019

“The DFSA acted quickly and appropriately in the matter. We have turned our attention to investigation," said Bryan Stirewalt, chief…

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Regulation, Risk & Compliance

Saudi central bank studying license requests for two new banks: SAMA governor

July 1, 2019

Saudi Arabia’s central bank is reviewing license requests for two new Saudi banks, Saudi Arabian Monetary Authority  Governor Ahmed al-Kholifey…

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Regulation, Risk & Compliance

Emirates NBD receives regulatory nods for its takeover of Turkey’s Denizbank

July 1, 2019

Emirates NBD, the biggest lender by assets in Dubai, received regulatory approvals from four countries for its $2.7 billion (Dh9.91bn)…

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Regulation, Risk & Compliance

Old banknotes will not be valid after one month: Central Bank of Oman

July 1, 2019

Certain Omani banknotes will no longer be used in the Sultanate, according to the Central Bank of Oman.   The…

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Extremely Wealthy

Saudi's Amaala resort to attract millionaires with special regulatory structure

July 1, 2019

An ultra-luxurious destination on Saudi Arabia's northwestern coast of the Red Sea will have its own regulatory structure as it…

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Hedge Funds & Alternative Investments

World Bank offers $1bn tech boost to Jordan, Lebanon and Iraq

July 1, 2019

The World Bank said it may provide up to $1 billion (Dh3.67bn) in financing commitments to Jordan, Lebanon and Iraq…

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Hedge Funds & Alternative Investments

Qatar and World Bank Group sign new pact

July 1, 2019

The Ministerial Group for Stimulating and Cooperating with the Private Sector in the Economic Development Projects, chaired by Prime Minister…

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