UAE banks to assess impact of new rules on impairments
Banks in the United Arab Emirates have been given until June 16 to assess the impact of new accounting standards,…
Regulation, Risk & Compliance
8953 articles found
DFSA Restricts Former Trader Noyan Ayhan
The Dubai Financial Services Authority announced today that it has imposed a restriction on Mr Noyan Ayhan, a former trader…
Abu Dhabi Global Market Sets Out Proposal for FinTech Regulatory Framework in the UAE
The Financial Services Regulatory Authority of Abu Dhabi Global Market today published a public consultation paper setting out its proposal…
UAE approves creation of central Islamic finance authority
The UAE’s cabinet has approved the creation of a centralised Shariah authority that will monitor and set standards for Islamic…
Banks need to rethink about changes and challenges, says KPMG
Banks need to rethink their approach when it comes to changes and challenges in their customer and business strategies, KPMG's…
HSBC Middle East CEO Joins Saudi Government After Shakeup
Saudi Arabia named HSBC Holdings Plc Middle East and North Africa Chief Executive Officer Mohammad Al Tuwaijri deputy minister of…
Top 11 companies add over AED 250 bn in Dubai Financial Market cap; Emirates NBD lead gainer
Led by banking major Emirates NBD (AED 45.57 billion), the top-11 most valued Dubai Financial Market -listed companies together added…
UAE Cabinet approves Sharia authority launch
The UAE Cabinet on Sunday approved the launch of a new Sharia Authority, a national regulator to set standards for…
Saudi Arabia Forges Ahead With Government Shake-Up
Saudi Arabia forged ahead a far-reaching government shake-up this weekend, adding to a barrage of proposals aimed at overhauling the…
Egyptians’ remittances retreat by $1 billion
Egyptian Central Bank’s Governor Tareq Amer recently told Kuwaiti officials that remittances of Egyptians working in Kuwait retreated by $1…
Credit Growth Expected To Slow
For the June quarter, respondents to a UAE Central Bank survey expect marginal tightening in credit standards, while the appetite…
UAE cabinet approves creation of central Islamic finance authority
The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards…