The Dubai Financial Services Authority (DFSA), the independent regulatory agency that oversees financial services in the Dubai International Financial Centre, has fined the Middle East unit of rating agency Moody’s for data-breach cases.
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Markets dislike surprises, and the first half of October brought plenty. Between Oct. 6 and Oct. 12, Houthi missiles and drones struck three Saudi airports, including King Khalid International in Riyadh, the home base of Riyadh Air.
Saudi Arabia’s markets regulator has proposed giving shareholders more power over listed companies, from demanding in-person assemblies to pushing loss-making firms to publish recovery plans.
Saudi Awwal Bank has signed a memorandum of understanding with Playbook to advance collaboration in women’s entrepreneurship, knowledge sharing and financial services innovation.
Saudi Arabia began implementing its new Enforcement Law and accompanying regulations on Thursday to accelerate the enforcement of financial rights and improve judicial efficiency.
