UAE Central Bank reforms reporting of non-performing loans
Under its previous reporting methodology, the UAE’s banking sector’s NPL ratio was overstated when taken in comparison to other jurisdictions…
Regulation, Risk & Compliance
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Israel seeks Swiss help in overseas tax crackdown
Israel’s finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee …
UAE extends long-term visas to high earning execs
The UAE has said foreign executive directors will be eligible for long-term residency permits if they earn a monthly salary…
UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency
At the recently held South Africa-UAE Forum organised by the UAE Ministry of Economy, Etihad Credit Insurance, the UAE Federal…
Saudi regulator removes cap on ownership for strategic investors
Saudi Arabia removed a cap on ownership of publicly traded companies for foreign strategic investors, paving the way for international…
Belarusian Finance Ministry looking for loans in Persian Gulf
The Belarusian Finance Ministry sees a lot of promise in interaction with funds registered in Persian Gulf countries, BelTA learned…
CBUAE enhances NPL reporting
The Central Bank of the UAE is enhancing its reporting of Non-Performing Loans for the UAE banking system to align…
Tawazun Economic Program – The Tawazun Economic Council's New Policy Guidelines
The Tawazun Economic Council has published a revised version of its policy guidelines for the Tawazun Economic Program on 31…
UAE Central Bank announces M1 decreases by 0.02%
The Central Bank of the UAE has announced that the Money Supply aggregate M1 fell by 0.02 percent, from AED507.3…
Abu Dhabi reinforces support to private sector with new measures
The Abu Dhabi Government, under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu…
Abu Dhabi Financial Group Agrees to Merge With Dubai's Shuaa
Abu Dhabi Financial Group agreed to a reverse merger with Shuaa Capital PSC that will create an investment bank managing…
United Arab Emirates Regulatory Update
Background ADGM legal framework consists of 4 sets of legislation: Commercial Legislation, FRSA Legislation, ADGM Court Legislation and Arbitration…