NEC lawyers in Dubai to file for return of funds
Dubai-based attorneys, retained by the National Energy Corporation (NEC), are expected to appear in court next Wednesday to begin the…
Regulation, Risk & Compliance
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Audacia Capital Officially Launches its Operations in Dubai International Financial Centre
Audacia Capital, the newly established investment bank licensed and regulated by the Dubai Financial Services Authority held a reception at…
The downside of Iranian banking
Iran may be about to restore banking links with the rest of the world after years of separation, but the…
AXA gets Regulatory Initial Approval to enter Egypt Insurance Market
Egypt's market regulator has given a preliminary approval to set up an Egyptian arm for the France-based leading insurer Axa,…
Iran's Future Bank appeals Bahrain decision to take it over
An Iranian-owned bank based in Bahrain has appealed a decision by local authorities to place it in administration, in a…
Demand to ban conventional banks rejected
MPs demands to ban conventional banks and allow only Islamic banks to operate in Bahrain have been shot down by…
Abu Dhabi waits on new regulations to replace its abandoned rents cap
Eighteen months after Abu Dhabi removed a 5 per cent rent cap for properties in the capital, questions are being…
What next for Dubai property in 2015?
During the 2008 post-Lehman financial meltdown, home prices in Dubai fell by 60-70 per cent and a generation of offplan…
The Consolidation advantage
Having larger banks with higher capacity is more beneficial for the country than smaller institutions that are likely to fail…
Clearer regulation key to future Dubai success
A sea change in regulation within the UAE is paving the way to growth for financial services businesses operating in…
Major venture capital issues discussed
Venture capital issues were discussed at a key meeting yesterday. The Waqf Fund held its eighth roundtable discussion on…
MoF and RAK Investment Authority sign MoU
The Ministry of Finance (MoF) recently signed a MoU with Ras Al Khaimah Investment Authority (RAKIA). This MoUhas been signed…