Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

Modi’s ambitious infrastructure fund NIIF to get up to $5 to 10 bn first investment; know details here

September 25, 2017

Ending a hiatus since it was launched more than two years ago, the much-touted National Investment and Infrastructure Fund (NIIF)…

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Hedge Funds & Alternative Investments

UAE central bank withdrawal of excess cash from banking system signals recovery, analysts say

September 25, 2017

The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies…

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FinTech

Mashreq Bank Accelerates Branch Automation Journey With Diebold Nixdorf Technology and Software

September 25, 2017

Mashreq Bank, one of the first banks in the Middle East and a leading financial institution in the UAE, has…

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Regulation, Risk & Compliance

DAFZA enables customers to obtain dual licenses to operate across Dubai

September 24, 2017

                                    The Dubai…

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Regulation, Risk & Compliance

Shari Arison to sell half of her stake in Bank Hapoalim to US investors

September 24, 2017

Heiress, businesswoman and philanthropist Shari Arison has signed a memorandum of understanding with North American investment firms and institutional investors…

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FinTech

Startup forms partnerships with key Saudi institutions to boost MENA start-up funding

September 24, 2017

Dawood Al Shezawi Chief Executive Officer of AIM Startup, has signed a Memorandum of Understanding  with Osama Ashri, Head of…

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Regulation, Risk & Compliance

‘Database’ of 118 local firms compiled so far under FATCA

September 24, 2017

Unconfirmed statistics indicate there are about 13,000 Kuwaitis holding US citizenship and they have the option now to file bank…

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Islamic Finance

Bahrain issues new regulations for Islamic banks

September 21, 2017

The Central Bank of Bahrain has announced new Shariah governance regulations applicable to wholesale and retail Islamic banks in Bahrain.…

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Legal

Practices in the UAE financial sector ‘no longer tolerated’

September 21, 2017

Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions,…

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Regulation, Risk & Compliance

UAE Central Bank ramps up clampdown on banks mis-selling consumer and investment products

September 20, 2017

The Central Bank of the UAE has stepped up action against banks following complaints of mis-selling on consumer and investment…

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Insurance

Qatar Insurance Says Abu Dhabi License Process Is Still Underway

September 19, 2017

Qatar Insurance Co. still has an active license in Abu Dhabi and the renewal process is underway, said Salem Khalaf…

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FinTech

DFSA Issues General Investor Statement on Cryptocurrencies

September 18, 2017

The Dubai Financial Services Authority wishes to draw investors’ attention to certain new and evolving online offerings.   These product…

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