CMA chairman's statement on qualified foreign financial institutions
Chairman of the Capital Market Authority Mohammed Aljadaan explained that there are several objectives that the Kingdom of Saudi Arabia…
Regulation, Risk & Compliance
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Saudi to Allow Only Large Foreign Institutions to Invest in Local Market
Saudi Arabia will only allow large foreign financial institutions to invest in its $550 billion stock market, its market regulator…
GCC region won't have VAT over the near term
UAE consumers can breathe a sigh of relief for now because no Value-added tax will likely be implemented in the…
Malaysia and Saudi facing Iran’s rising finance power
With the easing of economic sanctions against Iran, the country is expected to unleash its enormous potential of Islamic finance…
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…
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…