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Dubai: Financial crimes valued at Dh2.2 billion recorded in 2021

Published: March 2, 2022

The police’s larger cooperation with relevant authorities prompted the capture of over 145 international fugitives

Source: khaleejtimes.com

EXCLUSIVE-UAE's Mashreqbank halts Russian bank loans over credit concerns -sources

Published: March 2, 2022

Mashreqbank's decision to stop lending to Russian FIs was not due to any directive from the Central Bank of United Arab Emirates (CBUAE), but was to mitigate the risk from its Russian exposure, the sources said. NEUTRAL STANCE A sharp fall in the Russian rouble and the downgrading of Russia by rating agencies were also concerns because it affects the credit quality of Russian banks, they added. Rating agency S&P lowered Russia's long-term foreign currency credit rating to 'BB+' from 'BBB-', and warned it could lower ratings further, after getting more clarity on t...

Source: devdiscourse.com