‘Database’ of 118 local firms compiled so far under FATCA
Unconfirmed statistics indicate there are about 13,000 Kuwaitis holding US citizenship and they have the option now to file bank…
Regulation, Risk & Compliance
8959 articles found
Bahrain issues new regulations for Islamic banks
The Central Bank of Bahrain has announced new Shariah governance regulations applicable to wholesale and retail Islamic banks in Bahrain.…
Practices in the UAE financial sector ‘no longer tolerated’
Some formerly tolerated business practices in the Middle East’s financial services sector are now subject to clearly set out restrictions,…
UAE Central Bank ramps up clampdown on banks mis-selling consumer and investment products
The Central Bank of the UAE has stepped up action against banks following complaints of mis-selling on consumer and investment…
Qatar Insurance Says Abu Dhabi License Process Is Still Underway
Qatar Insurance Co. still has an active license in Abu Dhabi and the renewal process is underway, said Salem Khalaf…
DFSA Issues General Investor Statement on Cryptocurrencies
The Dubai Financial Services Authority wishes to draw investors’ attention to certain new and evolving online offerings. These product…
Diplomatic damage to Qatar economy mounts as insurer closes UAE branch
A Qatari insurance company is closing its branch in Abu Dhabi because authorities there have not renewed its licence, a…
External audit, centralized regulation likely for global Islamic banking market
The fast growing Islamic Banking Industry all over the world may opt external audit and centeralized regulation of the Islamic…
Insiders trading on capital markets banned effective next week
A ban on insiders' trading on UAE capital markets will go into force effective next week until the revelation of…
Marmore: five REITs listed in KSA and UAE in 10 months
Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz”, recently released a report titled REITs in GCC: Regulatory hurdles…
Iran, China Sign $10 Billion Finance Deal
China's CITIC Trust will extend $10 billion credit line for supporting projects in lran, based on an agreement signed between…
UBF launches first cyber threat sharing platform for UAE banks
The UAE Banks Federation, the professional representative body of banking industry comprising 48-member banks operating in the UAE, on Thursday…