Cerberus Capital walks away from offer for Abraaj funds
Cerberus Capital Management has pulled out of the bidding process for Abraaj Group’s asset-management platform after its offer was rejected…
Regulation, Risk & Compliance
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Turkish finance minister sees promising outlook for economic growth
Turkey is continuing its strong economic growth trend and the foundations of its economy are strong, new Finance Minister Berat…
UAE most complex country for corporate compliance – TMF Group
The United Arab Emirates (UAE) has the most complex compliance regime of any country in the world, according to a…
The Compliance Complexity Index 2018 – TMF
Meeting the global challenge of evolving corporate compliance Compliance is becoming more important as a variable that senior decision-makers…
Pressure on Dubai to implement stricter gratuity payment legislation
Several financial advisers in Dubai are calling on the emirate to introduce new legislation that will make it mandatory for…
Financial experts call for new UAE gratuity payment legislation
A number of Dubai-based financial experts are calling on the emirate to implement new legislation to set capital aside –…
Turkish financial watchdog cancels stock market abuse decision
Turkey’s capital markets regulator decided on July 15 to cancel a partial suspension of a directive related to insider trading,…
FAB Brings Dubai First Business Into Its Personal Banking Group
First Abu Dhabi Bank, the UAE’s largest bank, and one of the world’s largest and safest financial institutions, has announced…
Saudi’s Riyad Bank posts 25% second quarter profit rise
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a 25.2 per cent rise in second-quarter net profit on Tuesday,…
Bahrain bond rally over as Gulf bailout remains unclear
Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three…
Is your retirement package guaranteed in the UAE?
Financial experts have called for new legislation making it compulsory for employers to set capital aside, separate from company assets,…
UAE advisers may be next for a cold-calling ban
Responding to news that real estate agents are now prohibited from cold calling or risk a AED50,000 ($13,613, €11,709, £10,436)…