UAE central bank issues new rules for retail loan bank transfers
The UAE central bank has issued new rules with regards to the transfer of retail loans from one bank to…
Regulation, Risk & Compliance
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Islamic banks slow to adopt tech, start-ups drove innovation in Shariah-compliant finance in 2017: study
Shariah-compliant banks have been slow to adopt tech and start-ups drove "substantial" innovation in Islamic finance in 2017, according to…
Deciphering the fintech boom in the Mid East
Financial Technology (fintech) is a vast and all-encompassing term that evokes hope, cynicism and plenty of confusion. From Bitcoins to…
Tabreed raises $500m with new 7-year sukuk
National Central Cooling Company has raised $500 million with a fixed rate senior unsecured US dollar denominated sukuk with a…
UAE banks keen to bolster AML steps
Banks in the UAE are keen to welcome any additional platforms or means of cooperation with US Treasury to support…
Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China
Russian sovereign wealth fund RDIF said on Thursday that its Saudi counterpart would become a new partner in the joint…
New UAE law to raise Central Bank's capital
The law – federal law No. 14 of 2018 – raises the CBUAE’s capital to AED 20 billion and sets…
Ahli United Bank and KFH say merger talks 'still ongoing'
Ahli United Bank, the Bahraini lender, and Kuwait Finance House are still in discussions for a potential merger, which would…
What corporations should know about operating in Abu Dhabi
But cities continue to try to create jobs and wealth, and some like Abu Dhabi seem to be doing something…
SC seeks details of 20 individuals with properties in UAE
The Supreme Court on Thursday summoned 20 people – who reside in Pakistan but own properties in the United Arab…
Dubai firm owner tries to swindle Dh5m from business partner
A firm owner allegedly tried to swindle Dh5 million from his buisness partner, a Dubai court has heard. The…
Saudi Arabia will not penalize banks that boycotted conference: central bank chief
Saudi Arabia’s central bank governor said the kingdom will not penalise foreign banks that boycotted an investment conference in Riyadh…