Qatar bans cryptocurrencies after updating its AML laws
Qatar joined a number of countries across the globe that are implementing stricter laws to combat the illicit use of…
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UAE bank fined $600k over money laundering risk
The Jersey branch of a Middle Eastern bank has been fined £475,000 ($613,000) for failing to intervene appropriately when two…
Qatar Central Bank eyes launch of 'Sandbox' technology
The Qatar Central Bank is preparing to launch ‘Sandbox' technology for computer security as part of QCB's preparations to unveil…
Bahrain's GFH reports Q4 profit drop as impairment charges climb
GFH Financial Group, a Bahrain-based investment bank, reported a 38.7 per cent drop in its fourth-quarter net profit, dragged down…
Fintech to help SMEs get more access to funding, says QDB chief
By utilising Financial Technology (Fintech) solutions, small and medium-sized enterprises (SMEs) could gain more access to funding, the chief executive…
SAMA proposes the Draft Rules governing Bancassurance Activities for Public Consultation
As part of the Saudi Arabian Monetary Authority’s mission to enhance the transparency and the contribution of public, SAMA welcomes…
The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries
The Islamic Financial Services Board has announced the dissemination of country-level data on financial soundness and growth of the Islamic…
ila Bank Bahrain appoints Chief Executive Officer
ila Bank Bahrain has appointed Mohamed Al Maraj as its CEO. Launched in November 2019 as a wholly owned retail…
Future Market Insights Expands Middle East Operations, Opens Dubai Office
Future Market Insights has announces its ambitious strategy to bring world-class business intelligence to clients in collaboration with Transparency Market…
Emiratisation in the UAE
Companies operating in the UAE need to be mindful of what the current legal framework is and the consequences for…
Dubai's Shuaa Capital completes deal to sell market-making business
Shuaa Capital, which recently completed a merger with Abu Dhabi Financial Group, has announced the completion of an all cash…
UAE investment firm buys 1,352 homes, offices in $272m deal
Emirates Strategic Investments Company has announced that it has acquired two income-generating, mixed-use properties in the UAE, to be funded…