FAB Surrenders its License to Market Non-Omani Securities in the Sultanate
First Abu Dhabi Bank has received approval from Oman’s Capital Market Authority on its request to surrender its license to…
Regulation, Risk & Compliance
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Abraaj audit finds funds mingled corporate and investor cash
Abraaj dipped into investor funds because of cash shortages at the group, but there is no evidence of embezzlement, a…
Islamic Bank of Afghanistan signs MoU with DMCC
The collaboration will enable the Islamic Bank of Afghanistan to carry out Shari'ah-compliant Murabahah transactions using Dubai Multi Commodities Centre’s …
New UAE sukuk regulations will help issuance of Islamic bonds, Fitch says
The new sukuk regulations issued by the UAE market regulator, the Securities and Commodities Authority, will bolster Islamic bond sales,…
Abu Dhabi and Hong Kong further fintech collaboration
The Hong Kong Securities and Futures Commission and Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, have…
Emirates NBD Asset Management and ENBD REIT Re-Appoint Instinctif Partners Middle East
Leading international business communications consultancy, Instinctif Partners, has been reappointed by Middle East asset manager Emirates NBD Asset Management, the…
Kuwaiti creditor refuses Abraaj deal, may prompt provisional liquidation: sources
A Kuwaiti creditor is refusing to agree to a debt settlement deal with Abraaj, which could push the private equity…
Mashreq applies for Saudi banking licence
Within the Saudi 2030 vision, Mashreq sees opportunities in consumer and corporate banking, reported Reuters. This follows moves by…
Law on commercial registry to be amended
The weekly Cabinet meeting, chaired by HE the Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani, yesterday ordered that…
Majid Al Futtaim improves customer experience at mall
Majid Al Futtaim, a leading shopping mall, communities and leisure pioneer across region, has implemented a series of services to…
Banking sector maintains strong liquidity despite a drop in deposits
The UAE’s banking sector liquidity continued to remain strong in the month of April despite sluggish growth in both deposits…
UAE law changes provides a new dawn for foreign investors
It is perhaps one of the most significant changes to the UAE economy since the 2002 freehold law allowed foreigners…