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…
Regulation, Risk & Compliance
8960 articles found
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 …
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…