UAE's Reform Measures to Offer Relief for Businesses Across All Sectors
The recent spate of investor-friendly reform initiatives by the UAE government, including 10-year visas for investors and professionals as well…
Regulation, Risk & Compliance
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Banks and Cryptocurrencies Global Evaluation: The Middle East
Arab markets were flooded with new investors in April after an Islamic scholar announced cryptocurrency is halal under Sharia law.…
‘Dubai leak’ exposes $110m dirty money
Dubai’s property market is being abused by money launderers, according to a campaign group which has published a report based…
Bahrain grants regulatory sandbox license to Dubai cryptocurrency exchange Palmex
Palmex, a digital asset exchange powered by ArabianChain Technology, has become the first and only cryptocurrency exchange in the Middle…
Kuwait Central Bank directs banks to provide investment data on quarterly basis
The Central Bank of Kuwait has issued a circular for banks operating in accordance with Islamic Shari’a, requesting them to…
Kuwaiti public entity aims to liquidate Cayman-registered firm
The Cayman-registered Abraaj Holdings – a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions…
Abraaj pressured to restructure $1 billion debt
A large creditor of Abraaj Group wants a Cayman Islands court to oversee the debt restructuring of the private-equity firm,…
UAE Central Bank halts remittances at seven exchanges
The UAE’s Central Bank has downgraded the licences of seven exchange houses for violating regulation relating to anti-money laundering and…
SHUAA Capital and National Bonds Sign Memorandum of Understanding targeting joint venture in Saudi Arabia
SHUAA Capital psc - the UAE’s premier integrated financial services firm and National Bonds - a leading savings and investment…
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…
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 …