The Dubai Financial Services Authority (DFSA) today published a warning regarding an online scam involving abuse of the name of the DFSA’s Chief Executive and fraudulent impersonation of employees of Barclays Bank PLC UAE. The case is defined as an advance fee scam, with fraudsters sending e-mails to apparent customers of Barclays telling them to…
Read moreThe internationalization of the Chinese currency keeps gathering pace, as the United Arab Emirates (UAE) and China have signed an agreement to establish a clearing hub for the Chinese Yuan or Renminbi, Xinhua reported on Sunday referring to UAE media sources. This will be the second RMB clearing hub in the Middle East after Qatar launched the…
Read moreThe main purpose of the agreement is to establish a framework for cooperation and market and investor protection.
Read moreThe SCA has ordered all UAE-based securities and commodities brokerage companies to establish and activate electronic connection with a special unit of the Central Bank of the UAE.
Read moreOne Financial also has plans to relocate its London Group headquarters to bigger premises towards the end of 2015...
Read moreUAE based FX industry organization FERG has highlighted the importance of combating fraud in FX, as well as having released the findings of a recent research which shows that a financial organisation typically loses 5 percent of revenue a year due to fraud alone.
Read moreFollowing successful onboarding of over 4,000 white label partners in China, BMFN has branched into the Middle Eastern market by partnering with Noor Capital in the UAE
Read moreExpansion into new services represents an added direction for ADS Securities subsequent to its recent purchase of Pioneer Trader Ltd
Read moreAbu Dhabi-based ADS Securities has announced the opening of its London office, regulated by the Financial Conduct Authority
Read moreResting on its laurels in the face of competition across many markets from platform innovators is not an option for MetaQuotes, which has announced the opening of a representative office in Dubai
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