• Posted in MENA News and Asia News

    Saudi bourse, executives to lure Asian investment on March trip

    Saudi Arabia officials and executives of around 14 companies plan to embark on a marketing tour of Singapore and Hong Kong next month to attract Asian investors in the $430 billion stock exchange.
    Source: Reuters, 16/03/2017

  • Posted in Asia News

    Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Bill to be gazetted

    The Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Bill (the Bill) will be gazetted on Friday (February 24). It seeks to align Hong Kong's anti-money laundering (AML) and counter-financing of terrorism (CFT) regime with prevailing international standards as prescribed by the Financial Action Task Force (FATF).
    Source: 7th Space Interactive , 22/02/2017

  • Posted in Global News

    Bipartisan bill introduced in Senate to stop terrorist financing

    A bipartisan group of U.S. senators introduced last week the Stop Terrorists Operational Resources and Money (STORM) Act of 2017, which seeks to provide the president additional leverage in penalizing foreign governments that fail to stop terrorist financing.
    Source: Homeland Preparedness News, 22/02/2017

  • Posted in MENA News and UK & Europe News

    DFSA signs MoU with European authority

    The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR).
    Source: Trade Arabia, 22/02/2017

  • Posted in MENA News

    Proposed three-way merger would be beneficial for Qatari Banks

    Moody’s says in a new report that a proposed merger between three Qatari banks — Masraf Al Rayan, Barwa Bank and International Bank of Qatar — if successfully completed, would create the largest Islamic bank and second largest bank in Qatar.
    Source: Wealth Monitor, 22/02/2017