DIFC Courts winds up Bank Sarasin Alpen (ME) after failure to pay damages
Dubai-based Bank Sarasin Alpen (ME) has been placed into liquidation by the DIFC Courts after it failed to pay US$35…
Regulation, Risk & Compliance
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RBI, UAE central bank sign MoU on currency swap cooperation
The union cabinet on Wednesday granted ex-facto approval to a memorandum of understanding signed between Reserve Bank of India and…
Abu Dhabi Signs MoU With Chinese Bank Regulator
Abu Dhabi Global Market (ADGM)'s Financial Services Regulatory Authority (FSRA) and the China Banking Regulatory Commission (CBRC) entered into a…
Fisch Asset Management says Middle East bond market on same path as Latin America
The Zurich-based Asset Manager believes that new issuances will offer diversity and improve liquidity in the region, leading to a…
Cma Oman's sukuk regulation aims to provide transparency
Capital Market Authority of Oman recently issued new sukuk regulations that aim to provide clarity and transparency to market players,…
Jersey trade relations: from a tax haven to taxonomy
As with any offshore financial centre, secrecy has been synonymous with the Channel Islands of Jersey. But the reason for…
Adgm and UAE central bank in partnership against money laundering and terrorism financing
Abu Dhabi Global Market has signed a memorandum of understanding with the UAE’s Central Bank intended to boost cooperation on…
Saudi bourse says to have T+2 settlement early 2017
The Capital Market Authority has approved the switch to T+2 settlement "during the first half of 2017", the exchange said…
Saudis Ease Stock-Investing Rules in New Foreign Enticement
Saudi Arabia took further steps to open up its stock market to foreigners in a move that may help it…
Turkey central bank promotes head of markets to deputy governor -sources
Turkey's central bank will promote the head of its markets division to the position of deputy governor, officials told Reuters…
Know your LLCs from your SPVs in the GCC
“We’re looking to raise $1 million at a valuation of $5 million.” This is a common line on which entrepreneurs…
Saudi central bank net foreign assets fall $6bn in March
Saudi Arabia's central bank, which serves as the kingdom's sovereign wealth fund, reported a fall of $6bn in net foreign…