DFSA Strengthens Regulatory Co-operation in the UAE
The Dubai Financial Services Authority (DFSA) today entered into a Memorandum of Understanding (MoU) with the Financial Services Regulatory Authority…
Regulation, Risk & Compliance
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CMA mandates transition to IFRS of listed companies
The Saudi Capital Market Authority Authority announced the Board of Commissioners resolution which obligates listed entities to adopt the International…
UAE bank deposits fall as Brexit vote spurs withdrawals among European customers
Total bank deposits fell by Dh7 billion last month, mainly due to a drop in non-resident money, said the UAE…
ETF take-up rockets as fund managers favour low-cost liquidity
In the seven years to the end of 2015, global use of ETFs by investment managers increased at a compound…
Proposed law to prevent tax evasion, protect small businesses
The new bankruptcy draft law will boost the private sector's contribution to the development of trade and industry, increase transparency…
ACWA Power increases credit facility to $159.9m
Saudi Arabia-based water and project developer ACWA Power said Sunday it has increased its 2015 revolving credit facility by 600…
Iran hints at ending rial’s dual exchange rate system
Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end a…
UAE banks' deposits surge in July
The Central Bank announced that the Money Supply aggregate M1 decreased by 2.3 per cent month-on-month to Dh469.8 billion at…
Opportunities for insurance distribution innovation in Gulf increasing, says expert
FOCUS: Opportunities for innovative models of insurance distribution in the Gulf region have been quite limited to date - but…
Egypt's finance ministry names 4 banks to issue $3 bln eurobonds
Four international investment banks were selected by Egypt to issue 3 billion dollar-denominated eurobonds in the global bond market, the…
Qatar sells $1.26bn in bonds, sukuk
Qatar's central bank sold SR4.6 billion ($1.26 billion) of conventional and Islamic government bonds on Tuesday in its first domestic…
Qatar First Bank development in London
Qatar First Bank and Alchemi Group have brought style and glamour back to the heart of London in their Leinster…