UAE central bank issues new rules related to Basel III

The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for ... ( read original story ...)

UAE Ministry of Finance issues budget preparation circular

The five-year budget plan for 2017-2021 was prepared for ministries and independent federal entities in line with UAE Vision 2021 and the UAE Cabinet’s resolution No. 7/168 and /6 of 2015. The resolution extended the term of the federal budget from three ... ( read original story ...)

Dubai's DFSA regulates first peer to peer lender

March 5 Dubai-based Beehive said on Sunday it had become the first peer-to-peer lender to become regulated by the Dubai Financial Services Authority (DFSA), the regulator for the Middle East and North Africa's largest financial centre. After emerging in ... ( read original story ...)

UAE football needs a level financial playing field

March 1, 2017 Updated: March 1, 2017 07:14 PM December 23, 2016 may yet go down as one of the most important days in modern UAE football history. No league matches took place that day. The UAE national team was not in action. And no major signings were ... ( read original story ...)

UAE Islamic banking assets reach Dh520bn

Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi added that ... ( read original story ...)

Bank Monaco seal fourth straight Sailing Arabia title

Dubai: EFG Bank Monaco skipper Thierry Douillard led his team to their fourth consecutive EFG Sailing Arabia — The Tour title as the Muscat to Dubai race drew to a close on Wednesday. Douillard’s men sealed their victory in style by winning the final ... ( read original story ...)