Emirates NBD closes in on Turkey's Denizbank despite Gulf row
Emirates NBD could agree to buy Turkey’s Denizbank within weeks, sources said, after intense lobbying by the Turkish bank to…
Regulation, Risk & Compliance
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Central Bank’s total foreign assets near Dhs339.81b
The UAE Central Bank’s total foreign assets surged to an equivalent of Dhs339.81 billion during February, a growth of 4.2…
‘Bahrain committed to ensure ideal business climate’
Bahrain is committed to continuing regulatory improvements to streamline the innovation process and ensure the business climate is ideal for…
Private sector cutbacks spark the rise of the UAE gig economy for 100,000 workers
Corporate cost-cutting in the UAE is fuelling a rise in the gig economy, experts have said, as companies look to…
Abu Dhabi combines funds to form $250B SWF
Abu Dhabi is combining two of its investment firms to create a wealth fund with assets of about $250 billion…
Dubai ruler enacts new laws to boost financial hub
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has enacted two new laws that aim to improve and expand Dubai…
UAE banks must justify interbank rates under new system
United Arab Emirates banks will be required to provide written justifications for their quotes when they take part in a…
Liquidation date set for Guardian Wealth Management Qatar
Guardian Wealth Management had announced in February 2016 a “strategic review” of the Middle East, having gained a broker licence…
Swiss Global looks to set up offices in Middle East and Asia
Swiss Global Group has announced plans to open offices in the Middle East and Asia in an ambitious strategic move…
FAB granted commercial banking licence in Saudi Arabia
The current licence allows FAB to operate up to three branches across the Kingdom, and follows the recent approval from…
Mauritius: Promoting Mauritius International Financial Centre in the Gulf
A delegation led by the Minister of Financial Services and Good Governance, Mr. D. Sesungkur, is currently on a financial…
With New Law, The UAE Looks To Make Itself An Arbitral Hub
A long-awaited modern federal arbitration law set to be enacted in the United Arab Emirates is meant not only to…