Regulation, Risk & Compliance

Hedge Funds & Alternative Investments

John C Tsang, Financial Secretary of Hong Kong, rings bell to celebrate listing of Sukuk valued at AED 3.67 billion on NASDAQ Dubai

December 11, 2014

John C Tsang, the Financial Secretary of Hong Kong, today rang the market bell to celebrate the listing of a…

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Regulation, Risk & Compliance

UAE and Hong Kong sign final agreement to avoid double taxation on income

December 11, 2014

The UAE signed today the final agreement for the avoidance of double taxation on income with Hong Kong, during a…

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Legal

Abu Dhabi Global Market forms panel of 16 financial institutions

December 10, 2014

Abu Dhabi Global Market, the international financial centre in Abu Dhabi, today announced that its Pre-Open Market Consultation is underway…

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Legal

Abu Dhabi Financial Zone Prepares To Receive Licence Applications

December 10, 2014

Abu Dhabi’s new financial free zone is preparing to receive next year its first licence applications from firms seeking to…

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Fraud & Ethics

Israeli Swiss bank tax evasion investigation widens

December 10, 2014

A senior Israeli is among many suspected of owning unreported Swiss bank accounts totaling hundreds of millions of euros.  …

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FinTech

ME Bank implements Temenos product suite

December 10, 2014

Temenos has announced that Australia-based ME Bank has completed the implementation of a suite of Temenos products.   These are…

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Comment & Analysis

MENA financial institutions facing hacktivism, cyber attacks

December 10, 2014

Booz Allen has released its annual Financial Services Cyber Trends. If 2014 was the “year of the breach,” then what…

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Hedge Funds & Alternative Investments

DIFC hosts Hong Kong delegation

December 10, 2014

The Dubai Financial Services Authority has hosted a delegation of government, financial and business leaders from Hong Kong.   The…

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Executive Moves

Qatar’s giant SWF replaces CEO

December 9, 2014

Qatar’s sovereign wealth fund, which controls an estimated US$170 billion in assets, has replaced its chief executive officer with a…

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Regulation, Risk & Compliance

UAE c.bank studying new rules for bank lending against shares

December 9, 2014

 The United Arab Emirates central bank is looking at proposals for new rules covering bank loans against shares, a senior…

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Islamic Finance

Basel III standards are probed

December 8, 2014

Bahrain-based General Council for Islamic Banks and Financial Institutions, a global umbrella organisation for Islamic financial institutions, held an in-focus…

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FinTech

UAE Central Bank extends deadline to implement chip and pin

December 8, 2014

The UAE Central Bank has extended its deadline for banks around the country to implement the Chip and Pin technology…

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