UAE

The ESAs’ original decision was made following the European Commission’s December 2022 inclusion of the United Arab Emirates on its list of high-risk third countries

The company aims to launch its brokerage service at the start of 2024, upon securing approvals from the ADGM and FSRA

Abu Dhabi Pension Fund has selected Northern Trust to provide its securities lending and global custody services, effective 1 January 2024

The licence will allow Komainu to offer its full suite of custody services, including institutional staking and collateral management via its Komainu Connect platform to clients in the Emirate

The European Commission has highlighted “strategic deficiencies” in the UAE’s anti-money laundering and counter financing of terrorism regime and added the jurisdiction to its list of high-risk countries on 16 March 2023

Arrest follows an extradition treaty signed between Denmark and the UAE in March. The Danish government is seeking to recover close to US$1.5 billion in connection with the cum-ex case

The Dirham Overnight Index Average is the effective overnight reference rate for the Dirham. Published from 7 December 2021, this will co-exist with EIBOR and will form part of the Dirham Monetary Framework implementation plan

The UAE-based equity clearing house joins global clearing association as primary member