Uncategorized

Legal

CBUAE issues guidances for its licensed financial institutions on anti-money laundering and combatting the financing of terrorism

June 14, 2021

The Central Bank of the UAE has issued two new Guidances on anti-money laundering and combatting the financing of terrorism…

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FinTech

UAE announces first quantum computer to defend against cyberattacks

June 14, 2021

The UAE has announced the country’s first quantum computer and is also developing the first post-quantum cryptography (PQC) software library…

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FinTech

Two new digital banks close to obtaining a license in Saudi Arabia

June 14, 2021

The Saudi Central Bank (SAMA) said it has completed studying license applications for two new digital banks and will recommend…

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Islamic Finance

Qatar’s Islamic finance assets reach QR528bn in 2020

June 14, 2021

Qatar Central Bank (QCB) Governor, H E Sheikh Abdulla bin Saoud Al Thani, said the Islamic finance in Qatar is…

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FinTech

Cedar Rose launches fully automated solution to digitize the onboarding process of customers for companies

June 14, 2021

In line with its digital transformation programme, Cedar Rose has announced the launch of its fully automated solution for onboarding…

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FinTech

NBK officially launches the new MX.3 Solution

June 14, 2021

Treasury Group of National Bank of Kuwait  has announced the successful launch of phase one of the transformation of its…

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Uncategorized

Shuaa Capital launches digital wealth management arm

June 14, 2021

Shuaa Capital, the Dubai-based asset management company, has launched a ‘digital wealth management division’, which targets opportunities with a new…

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Comment & Analysis

Who is buying Dubai's villas, apartments?

June 14, 2021

Sales transactions in Dubai’s property market, which hit a serious setback when the world went into lockdown last year, have…

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Executive Moves

PIF appoints three senior executives as fund continues expansion

June 14, 2021

The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has announced the appointments of Eyas AlDossari and Omar AlMadhi…

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Comment & Analysis

The race to net-zero: why it matters

June 14, 2021

Today, sustainability and related themes—including net-zero—are omnipresent in the media and beyond. Even so, from an investment perspective, there remains…

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Legal

Germany buys Dubai data to track possible tax evasion

June 13, 2021

Germany has bought a trove of data that could help treasury officials track down possible tax evasion by wealthy German…

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Comment & Analysis

Turkish central bank alters name of key survey, citing forecast confusion

June 11, 2021

Turkey’s central bank revised the name of a benchmark survey of economic forecasts saying its title had created confusion among…

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