• Arab states add more Qatari names to terror list

    The United Arab Emirates, the Kingdom of Saudi Arabia, the Kingdom of Bahrain and the Arab Republic of Egypt declare that in their firm and solid commitment to fight terrorism, cut off sources of funding, prosecute those who are involved in it, combat extremist ideologies and hate speech incubators; and in continuous assessment, the four countries have announced the designation of 9 entities...
    Source: Khaleej Times, 25/07/2017

  • The DFSA Fines and Bans former Senior Executive Officer

    The Dubai Financial Services Authority (DFSA) has fined Mr Andrew Grimes, a former Senior Executive Officer (SEO) of a DFSA Authorised Firm USD 52,500 (AED 192,675) and imposed a restriction preventing him from performing any function in connection with the provision of Financial Services in or from the Dubai International Financial Centre (DIFC).
    Source: DFSA, 19/07/2017

  • US, Qatar sign deal to combat terror financing

    The US and Qatar have signed a deal to combat terror financing as the oil-rich Gulf nation faces sanctions from its neighbouring countries for allegedly supporting extremism. US Secretary of State Rex Tillerson travelled to the Middle East to try to resolve the stand-off between Qatar and other Persian Gulf nations, which have accused their oil-rich neighbour of supporting terrorism.
    Source: India Today, 12/07/2017

  • Qatar central bank says country has $340 billion in reserves, can weather Arab sanctions

    Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani said.
    Source: Reuters, 10/07/2017

  • Qatar issues response to statement from Arab states

    Qatar on Friday dismissed as “baseless” accusations that it was financing terrorism, in its first public response to a statement from four Arab states which are leading a boycott against the tiny emirate. The four – Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain – said in a joint statement late on Thursday that Doha’s refusal to accept their demands to end the...
    Source: Gulf Business, 08/07/2017