Ashmore to apply for Saudi investing licence this week – director
Emerging markets-focused investment firm Ashmore Group expects to lodge an application to invest directly in the Saudi Arabian stock market…
Regulation, Risk & Compliance
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Qatar denies wrongdoing in 2022 World Cup bid
"It will blow over" tends to be Qatar's unofficial response to criticism of its World Cup bid, but with a…
As FIFA corruption scandal worsens, Qatar shares flounder
Qatar's shares dropped significantly Wednesday after the US and Switzerland launched a criminal investigation on FIFA corruption charges, Reuters reported…
Emir orders study on operations of state-backed investment companies
The Emir, who is the chairman of the Supreme Council for Economic Affairs and Investment chaired the Council's Second Meeting…
DED and Servcorp partner to enhance ease of doing business in Dubai
The Department of Economic Development (DED) in Dubai and Servcorp, world's finest serviced office provider, have signed a memorandum of…
Anti-money laundering drive: Bankers join key Riyadh talks
While KYC (know your customer) remains the most accurate way to identify transactions across the Middle East and North Africa…
Saudi regulator to raise IPO allocations to institutional investors
Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public…
Saudi regulator to raise IPO allocations to institutional investors
Saudi Arabia's stock market regulator said it would raise the proportion of shares allocated to institutional investors in initial public…
Clyde & Co advises National Bank of Fujairah
Clyde & Co has advised National Bank of Fujairah, in its capacity as global agent, on an AED 750…
UAE banking industry to tighten compliance on advertising claims
The banking industry body plans a crackdown on misleading advertising as part of a series of self-regulating measures. The…
HH Sheikh Hamdan bin Rashid Al Maktoum meets Chairman and Board of Directors of the UAE Central Bank
HH and the Chairman of the Board of Directors reviewed the UAE Central Bank’s latest plans and achievements in terms…
UAE banks discuss plan for centralised Islamic finance board
The United Arab Emirates' bank industry association has discussed a proposal to create a centralised sharia board that would monitor…