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The UAE Central Bank has imposing fines worth hundreds of millions of dirhams on financial entities that defy anti-money laundering regulations. Photo: UAE Central Bank

UAE Central Bank fines exchange house Dh3.5m for compliance failure

Banking regulator has been clamping down on offenders in recent weeks

Banking

Turkish companies expect more deals to support Syrian reconstruction

Interview Expansion push to help JP Morgan double its Middle East revenue by 2030

UAE Central Bank fines branches of foreign banks Dh18.1m for breaking rules

UAE exchange house fined Dh200m for breaking money laundering rules

HSBC's Lebanese troubles make the case for top-level accountability

Lebanese depositors to get frozen funds back over time, Economy Minister pledges



In focus

We're looking for young journalists who are brimming with fresh ideas and new ways to tell stories. Chris Whiteoak / The National

The National is searching for aspiring journalists for our graduate trainee programme

Zayed Hamed Sayed Hamed Hamed was among the first children born on Eid Al Adha

Day of joy as families welcome newborns on Eid Al Adha

US President Donald Trump speaks to Elon Musk on March 14. AFP

How the Trump-Musk implosion played out on social media

Influencer Jacquelyn Bagan's recent post advising on modest fashion guidelines at Dubai Mall sparked a lively discussion. Photo: Jacquelyn Bagan

Tips for understanding (and mastering) modest fashion

The award-winning Oman Pavilion is a contemplative space that took a year to make. Zawraq Collective / Instagram

Oman's memory-themed pavilion wins award at London Design Biennale

British singer Ed Sheeran sings a line in Punjabi in new single, with a version entirely in the language due to be released. Reuters

Ed Sheeran sings in Punjabi in new song Sapphire

Launch of Aldar’s Fahid Island, Abu Dhabi. Antonie Robertson/The National

CommentAbu Dhabi's Fahid Island plans give us a peek at the city's extraordinary

UAE head coach Cosmin Olaroiu. Chris Whiteoak / The National

Olaroiu still believes in ‘once in a lifetime chance’ of World Cup qualification


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KKR's office in New York. The private equity firm will expand its presence in the Middle East where it has offices in Dubai and Riyadh. Getty Images

KKR appoints David Petraeus as Middle East chairman amid regional expansion push

US private equity firm sets up dedicated investment team in the region

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The UAE Central Bank expects the pace of economic expansion in the country to accelerate to 4.5 per cent this year. Wam

UAE Central Bank follows Fed move to keep interest rates unchanged

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Investcorp buys majority stake in German logistics consultancy Miebach

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Mastercard users worldwide experienced problems with purchases and online payments on March 9. Reuters

Mastercard users report issues with online payments globally

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ExclusiveBank of America sees deals slowdown as investors wait for Trump

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UAE Central Bank follows Fed in keeping interest rates steady

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UAE buyers to pay higher upfront property costs as Central Bank issues new orders

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Millionaires head for UAE as they quit UK amid tax hikes

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Federal Reserve vice chairman for supervision Michael Barr said there was 'the risk of a dispute over the position'. AP

Federal Reserve's top bank regulator to step down early to avoid Trump clash

Michael Barr's decision to resign as vice chair for supervision casts further uncertainty over Basel III's future

Banking

Oman appoints new central bank governor

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Syria’s new central bank head faces monumental task with economy in turmoil

Economy

ExclusiveFuture of banking is AI-driven, Abu Dhabi Islamic Bank CEO says

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How will US Fed rate cut affect UAE mortgages?

Money

UAE Central Bank lowers interest rates following US Federal Reserve move

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InterviewUBS not reliant on blue sky scenarios for growth in Middle East, CEO says

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Group chief executive Adnan Chilwan anticipates Dubai Islamic Bank's lending growth to match the projected 10 per cent increase this year. Photo: DIB

ExclusiveDubai's DIB open to acquiring other banks and FinTech businesses

The UAE's biggest Islamic lender has grown its balance sheet from close to Dh100bn a decade ago to more than Dh300bn and aspires to expand it further

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Bitcoin Mena: Crypto could be ‘revolutionary step’ for Islamic finance

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ExclusiveJamal Al Kishi's second stint at Deutsche Bank is all about growth

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UAE launches digital KYC platform to boost financial transparency

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Citi gets approval from Saudi Arabia for regional headquarters in Riyadh

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ExclusiveAndalusian to open first global office in UAE by early 2025

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Crypto and Wall Street antagonist to lead Democrats on powerful Senate committee

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A Citi bank branch in San Francisco, California. Bloomberg

Citi gets approval from Saudi Arabia for regional headquarters in Riyadh

New York-based bank has obtained approval from the Saudi Ministry of Investment

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ExclusiveAndalusian to open first global office in UAE by early 2025

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Crypto and Wall Street antagonist to lead Democrats on powerful Senate committee

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Standard Chartered expects ventures portfolio to reach $5bn by end of decade

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Podcasts
Trending Middle East

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The top news stories, field reports and insights from the Middle East and beyond


Culture Bites

Culture Bites

Your guide to the arts and culture scene in the UAE


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Business Extra

The stories, companies, trends, tech, Innovation and leaders shaping your world


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Mistakenly deported man Abrego Garcia returns to US to face migrant transport charges

Republican removes post criticising Sikh congressional prayer

Weekend cartoonShadi's take on the Lebanon ceasefire

VideoRenowned surgeon launches Abu Dhabi clinic to transform care for amputees

Pictures of the weekFrom Eid Al Adha at Al Aqsa mosque to Hajj pilgrims

Money & Me‘Seeing our business break even has been a milestone'

Dubai property prices expected to fall by 15% on supply glut this year, Fitch says

Khorafi family to file new multimillion-dollar claim against banks

Investcorp names Mashaal AlJomaih as CEO for Saudi Arabia unit

DHL Supply Chain chief charts a course through global challenges

Saudi mining major Ma’aden and Bahrain’s Alba call off aluminium business merger plans

Warner Bros looks to 'multi-local' Arabic content in push to become top-three streamer

Donald Trump 'disappointed' in Elon Musk as rift between former allies grows

Donald Trump 'disappointed' in Elon Musk as rift between former allies grows

Israeli air strikes hit Beirut in latest breach of ceasefire

Israeli air strikes hit Beirut in latest breach of ceasefire

Pilgrims gather on Mount Arafat to offer Hajj prayers

Pilgrims gather on Mount Arafat to offer Hajj prayers


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Expert analysis on oil & gas renewables and clean energy

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