REGULATION

Saudi regulator proposes new funds rules on debt

Saudi Arabia’s financial regulator, the Capital Markets Authority (CMA) has called for industry feedback on its draft amendment of investment funds regulations. The purpose of...

UAE launches sustainability reporting rules

Financial supervisors in the UAE have launched a series of sustainability rules designed to bring the country into line with best international practice. The Principles...

Mena fintech group adds Qatar chapter

The Mena Fintech Association, a not-for-profit organisation advocating for the region’s startups, has launched a Qatar committee. The association has described the step as a...

Saudi law on regional HQ sees more than 120 relocations

Saudi Arabia’s newly introduced law that mandates overseas firms wanting to tender for state contracts must have their regional headquarters in the kingdom appears...

Goldman Sachs gets licence for Saudi HQ

US investment bank Goldman Sachs is set to be the first Wall Street firm to set up a regional headquarters in Saudi Arabia. The Saudi...

Standard Chartered to provide retail access to UAE mutual funds

Standard Chartered is set to offer its retail clients in the UAE access to locally domiciled mutual funds. The UK-based bank has struck a number...

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...

Digital assets firm gets initial approval in Dubai

DKK Partners, a fintech based in Dubai, has secured initial approval from the Virtual Assets Regulatory Authority (Vara) in Dubai. The approval allows DKK to...

Dubai approves another crypto exchange

OKX, ranked as the second largest crypto exchange by volume, has been provisionally approved to launch a cryptocurrency exchange in Dubai. The Dubai Virtual Assets...

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...