Arif Naqvi, the founder of Mena-based buyout form Abraaj, has been handed a three year sentence in absentia by a UAE court over a case involving low cost airline, Air Arabia.
Just one week after announcing a record fine of $314 million on beleaguered buyout firm Abraaj, Dubai’s financial regulator has conceded that it is unsure how or if the record penalty can ever be imposed.
Saudi Arabia’s securities regulator, the Saudi Capital Markets Authority (SMCA) has given the green light for two local firms, Wahed Capital and Haseed Investing Company, to test their robo-advisor services.
Real estate funds promoted in Abu Dhabi may face new capital requirements after the financial regulator, the Securities and Commodities Authority (SCA), amended its rules on the regulation of general real estate investment funds.
Rasan Capital, a Dubai-based financial services and advisory firm has had its licence suspended by the Dubai Financial Services Authority (DFSA) due to its failure to keep the regulator informed of its financial situation.
Abu Dhabi’s financial services watchdog has granted regulatory approval to Arabian Bourse (ABX) to operate a crypto asset exchange and custody service.
Investors have welcomed a decision by the Oman government to suspend a 10% withholding tax on dividends and interests paid out by listed companies.
Regtech firm Fenergo has recruited a new head of sales for the Mena region and received a full licence from the Dubai International Finance Centre (DIFC).
A new investment fund worth more than $1 billion is set to be launched in the Abu Dhabi General Market (ADGM) by Mubadala, the emirate’s sovereign wealth fund.
Saudi Arabia’s securities regulator is considering removing or expanding the current limit on foreign ownership of its home-grown equities due to increased investor demand.
Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).
In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...
With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.
Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.
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