Central Bank releases broad regulation aimed at data privacy
The UAE’s Central Bank released a long-awaited regulatory framework for virtual currencies and electronic payment systems, aimed at digital payment…
Regulation, Risk & Compliance
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Islamic banking to start in Gujarat: What is it all about?
India will soon have Islamic Banking facilities and operations would start from Gujarat. The Saudi Arabia-based Islamic Development Bank…
Net closes on Barclays chiefs over £7bn deal involving glamorous financier Amanda Staveley
Former Barclays bosses have been hauled in again for interviews as investigators weigh up charges over an alleged £2.3billion fraud,…
DFSA to co-host the 11th Annual MENA Regulatory Summit
The Dubai Financial Services Authority (DFSA) will be delighted to co-host the 11th Annual MENA Regulatory Summit with Thomson Reuters…
Egyptian banks attract $9bn investments
Egypt’s central bank says commercial lenders attracted $9 billion in inflows since the pound was floated three months ago. …
Bitcoin and Cryptocurrencies are Exempt from UAE’s Virtual Currencies Ban
The Central Bank of the United Arab Emirates has clarified its policy regarding the use of bitcoin and all other…
Turkey's Aktif Bank gets nod to raise $120 mln via sukuk
Aktif Bank, Turkey's largest privately-owned investment bank, has received regulatory approval to sell up to $120 million via Islamic bonds,…
Gulf markets fall as US travel ban hits global sentiment
Stock markets in the Middle East fell yesterday as the travel curbs ordered by US President Donald Trump hit sentiment…
DFSA Proposes Framework for Loan-based Crowdfunding to support SME Financing
The Dubai Financial Services Authority has today launched a consultation on its proposed framework for regulating loan-based crowdfunding platforms. The…
Abu Dhabi finance centre to share information with Mauritius
The regulator of the Abu Dhabi Global Market, the UAE’s new international financial centre, has signed an agreement with the…
Tighter regulations for GCC insurers
Insurers in Gulf Cooperation Council (GCC) markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate…
Qatar's total domestic public debt rises by QR29.7bn to QR427.8bn
Qatar’s total domestic public debt, including the issuance from government; government institutions and quasi-governmental institutions, rose by QR29.7bn to reach…