Regulation, Risk & Compliance

Regulation, Risk & Compliance

Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023

February 8, 2023

Dubai’s Virtual Asset Regulatory Authority (VARA) has issued its latest Virtual Assets and Related Activities Regulations.   The regulations showcase…

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Regulation, Risk & Compliance

Lebanon's banks close indefinitely after court ruling criticised

February 8, 2023

Lebanese banks have begun an open-ended strike, although ATMs will remain open, a development that comes after a meeting of…

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Insurance

Saudi Arabia issues license for first foreign insurance company branch

February 7, 2023

The Saudi Central Bank  announced on Monday the licensing of Cigna Worldwide Insurance Company; the first foreign health insurance company…

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Hedge Funds & Alternative Investments

Saudi Arabia, Oman sign 13 investment agreements, value exceeds SAR1bn

February 3, 2023

Saudi Arabia and Oman have signed 13 investment memoranda of understanding between the public and private sectors of the two…

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Regulation, Risk & Compliance

Egypt keeps key policy rates unchanged

February 3, 2023

The Egyptian Monetary Policy Committee Thursday decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending…

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Regulation, Risk & Compliance

Crypto exchange Kraken shuts Abu Dhabi office

February 3, 2023

Cryptocurrency exchange Kraken has shut its Abu Dhabi office less than a year after securing a license in the region,…

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Regulation, Risk & Compliance

UAE regulator overhauls regimes for foreign and domestic funds

February 2, 2023

The Securities and Commodities Authority (SCA) has overhauled its foreign and domestic funds regimes in the United Arab Emirates (UAE).…

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Regulation, Risk & Compliance

Most GCC central banks raise interest rates tracking US Fed move; Qatar holds

February 2, 2023

Central banks in the GCC raised interest rates on Wednesday night after the US Federal Open Market Committee (FOMC) delivered…

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Regulation, Risk & Compliance

UAE central Bank raises base rate by 25 basis points

February 2, 2023

The Central Bank of the UAE has decided to raise the base rate applicable to the overnight deposit facility (ODF)…

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Regulation, Risk & Compliance

GCC banks to refrain from redeeming hybrid capital as volatility rises: S&P Report

January 31, 2023

Gulf Cooperation Council banks will refrain from redeeming the hybrid capital instruments at the first call date for the next…

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Regulation, Risk & Compliance

UAE employment contract changes: deadline, what is fixed term and all you need to know

January 26, 2023

The UAE’s amendment to fixed-term employment contracts is mandatory for all private sector companies and must be completed by the…

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Regulation, Risk & Compliance

MoIAT reduces government service fees to further ease doing business in UAE

January 25, 2023

The UAE has reduced and waived fees for certain government services as the country seeks to create an attractive business…

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