financial regulation

Franklin Templeton opens Riyadh office

US asset manager Franklin Templeton has launched in Saudi Arabia after opening an office in Riyadh. The move comes after the firm received licences from...

Gulf Islamic Investments acquires Saudi asset manager

UAE-based Gulf Islamic Investments (GII) has expanded its operations to Saudi Arabia after making an acquisition. The alternative investment manager has bought an unnamed but...

UAE removed from money laundering grey list

The Financial Action Task Force (FATF), the global watchdog for dirty money, has removed the UAE from its 'grey list' of countries deemed at...

Wellington opens office in Dubai

US-based independent investment firm Wellington Management has expanded its presence in the Middle East with the opening of an office in Dubai. The new premises...

Cop28: All eyes on finance and climate action

From the usual suspects to lesser-discussed challenges and untapped opportunities, fund managers await Cop28 to unfold, writes Piyasi Mitra.  As the countdown to Cop28 commences, with...

Dubai crypto watchdog launches in metaverse

Dubai’s Virtual Assets Regulatory Authority (Vara) has launched its headquarters on its Sandbox metaverse platform. According to Vara, the move makes it the world’s first...

Dubai’s whistleblowing regime comes into force

The whistleblowing measures introduced by the Dubai Financial Services Authority (DFSA) have come into force. The changes to the DFSA rulebook were announced last month....

Bahrain updates mutual funds rules

The Central Bank of Bahrain (CBB) has issued revised rules around the use of Collective Investment Undertakings (CIU) designed to streamline the authorisation process...

Dubai approves crypto licence for Binance

Crypto exchange Binance has been a granted a virtual asset licence by Dubai’s newly formed Virtual Asset Regulatory Authority (VARA). The approval will enable Binance...

Dubai adopts virtual assets law

Dubai has taken a significant step forward in its bid to be the de facto centre for digital assets investment in the region with...