CBUAE highlights new initiatives during the Insurance Sector CEO Forum
His Excellency Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), chaired the Insurance Sector CEO Forum…
Regulation, Risk & Compliance
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United Arab Emirates: The Dubai Financial Services Authority introduces a regulatory framework for recognized crypto tokens
Over the last few years, the UAE has taken steps to regulate the volatile crypto industry, as seen in the…
Saudi Kayan signs murabaha facility worth $800mln
Saudi Kayan Petrochemical Co. has signed murabaha revolving credit facility agreement for 3 billion riyals ($800 million) with Saudi National…
New UAE visa rules: Validity decreased for visas issued in free zones
The validity of freezone visas issued in the UAE has been reduced from three years to two, Khaleej Times can…
NCP signs a cooperation agreement with Riyad Bank
The National Center for Privatization & PPP signed a cooperation agreement with Riyad Bank to establish a cooperation framework between…
CBB receives renewed ISO certification for Information Security
The Central Bank of Bahrain announced that it has obtained the “ISO 27001/2013” certification for Information Security Management issued by…
DIFC regulator DFSA's penalties of Dh5.5m on KPMG and Dh1.83m an ex-auditor to stay on their Abraaj work
The DIFC regulator Dubai Financial Services Authority has imposed a fine of Dh5.50 million ($1.5 million) on the audit firm…
For expats, Sharjah's property ownership decree clears path on inheritance, transfer of rights – will an offplan boom follow?
Sharjah’s updated real estate laws provide a clear pathway on inheritance rights related to freehold property – and which will…
Central banks are stocking up on gold as demand reaches pre-pandemic levels
Global demand for gold has returned to pre-pandemic levels, driven by stronger central bank buying and demand from consumers, and…
UAE's central bank pilots cbank digital currencies transactions
The Central Bank of the United Arab Emirate said on Wednesday it has completed the world's largest pilot of central…
IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The International Monetary Fund said on Thursday it had agreed a 46-month, $3 billion Extended Fund Facility with Egypt, welcoming…
Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative
Saudi Arabia signed six memoranda of understanding in energy, quality of life, defence industries, transportation biotechnology, and finance, according to…