Dubai to slash business fines to enhance confidence among investors
The Government of Dubai announced on Tuesday that it would slash fines imposed on businesses in the emirate as part…
Regulation, Risk & Compliance
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Some banks win, some lose in Dubai’s ‘Islamic economy’
Dubai’s drive to develop its Islamic finance sector is fueling growth of Shariah-compliant banking but the benefits are unevenly distributed,…
DFSA Takes Action Against Hany Lotfy Awwad Abdelwahab
The Dubai Financial Services Authority has imposed a fine of USD 45,000 and a restriction, on Mr Hany Lotfy Awwad…
DFSA fine on Deutsche Bank illustrates need for balance between financial regulation and red tape
It’s a simple morality play for our times: big bad bank is caught breaking the rules; fearless watchdog steps in…
US Freedom Capital launches fund for non-US investors in US commercial real estate
The US Freedom Capital Fund, structured by US and UAE tax and legal professionals, helps investors accomplish the goal of…
Oman's Al Yusr Islamic Banking meeting focuses on new policy, products
Al Yusr Islamic Banking from Oman Arab Bank, recently held its first Supervisory Board meeting of the year. The…
S&P regional boss steers agency on steady course in uncertain climate
Stuart Anderson looks almost a new man. The head of Middle East business for the ratings agency Standard & Poor’s…
HSBC Said Banned From Taking on New Assets at Saudi Unit
HSBC Holdings Plc is blocked from taking on new funds at its Saudi Arabian asset management business after the regulator…
Kuwait Turk Bank acts as Islamic financial institution in Germany
Kuwait News Agency The Kuwait Turk Bank is set to become the first-ever Islamic financial institution in Germany as of…
Amlak ready to resume DFM trading after six-year absence
Amlak Finance said its shareholders had approved a plan to readmit its shares for trading on the Dubai Financial Market…
Arab Monetary Fund and World Bank Group Join Efforts to Support Financial Sector Development in the Arab World
The Arab Monetary Fund and the World Bank Group signed today an Enhanced Partnership Framework to support countries in the…
Bank wins licence for branch
The Central Bank of Bahrain (CBB) granted a license to Cairo Amman Bank, to open a branch in Bahrain. The…