More UAE banks to merge, KPMG predicts
More consolidation is likely in the financial services sector in the United Arab Emirates over the next four years, especially…
Regulation, Risk & Compliance
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Cryptocurrency platform HAYVN approved by Abu Dhabi regulator
Cryptocurrency platform HAYVN has announced it has received an in-principle approval from the Financial Services Regulatory Authority, the regulatory body…
Moody's warns of 'funding squeeze' in Oman
Growth in Oman’s bank deposits is expected to lag in the next 12 to 18 months as lower oil prices…
UAE's FAB to close Qatar operations
First Abu Dhabi Bank on Wednesday announced that it will close its Qatar operations following baseless allegations by Qatari regulatory…
Dubai suspends licence of company in DIFC
The Dubai Financial Services Authority – the independent regulator of financial services conducted in or from the Dubai International Financial…
Boutique Firm Led by Ex-UBS Banker to Bid for Abraaj Funds
A boutique investment firm founded by former UBS Group AG banker Yassine Bouhara is bidding to buy funds managed by…
Trade Bank of Iraq and ESDS software solution sign MOU for developing Fintech and a cloud platform
Alpen Capital Limited acted as the sole financial advisor for the transaction between the two firms, which aims to establish…
DFSA suspends licence of Rasan Capital Limited
The Dubai Financial Services Authority the independent regulator of financial services conducted in or from the Dubai International Financial Centre …
Sharjah Islamic Bank mandates banks for capital boosting sukuk
United Arab Emirates’ Sharjah Islamic Bank has hired banks to arrange investor meetings ahead of an issuance of U.S. dollar-denominated…
UAE investors hit as dodgy 'halal' firm folds up in India
Scores of Indian expats in the UAE have been left devastated after losing their life savings to a dodgy ‘halal’…
Will VAT rate go up in GCC?
The GCC states will eventually increase value-added tax (VAT) rate, which is one of the lowest in the world, but…
Abraaj investor Patrick Chalhoub cautions against over regulation after fund's collapse
Dubai businessman Patrick Chalhoub, who made a personal investment in the now defunct private equity company Abraaj, said its collapse…