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Dubai: Dubai has updated the laws for the Dubai International Finance Centre, thus expanding the financial hub’s “strategic objectives”. These objectives now also include “advancing sustainable economic growth for Dubai, developing and diversifying the economy and increasing the GDP contribution of the financial services sector, to promote investment into Dubai and to attract regional and international entities to establish themselves in DIFC as their principal place of business”. The updated version thus replaces the Law No. (9) of 2004, which was the founding law of DIFC. It provi...

New law brings more clarity to DIFC's responsibilities DUBAI, 2 days ago In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, has issued a law relating to Dubai International Financial Centre (DIFC). It replaces the original founding law of DIFC.    In line with global best practice, the new law provides for more clarity on the duties and responsibilities of the President, the Governor, the Centre and bodies in DIFC.    It also ensures the Centre’s operational, financial and administrative independence that ...

Sam Woods: Mutual interests Sam Woods: Mutual interests Speech by Mr Sam Woods, Deputy Governor for Prudential Regulation of the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA), at the Building Societies Annual Conference, 5 May 2021. Central bank speech  |  Introduction It's very good to be back at the Building Society Association's Annual Conference. Last time I spoke at the conference we were all in the QEII conference centre and the BSA was celebrating its 150 th birthday by listening to a speech from me, which illustrates the powers ...

McCarthy loses latest appeal against 12-week ban April 10, 2021 Cork manager Ronan McCarthy. ©INPHO/Laszlo Geczo. Cork football manager Ronan McCarthy has failed in his latest appeal against his 12-​week suspension. The Rebels boss was given the ban by the Central Hearings Committee for overseeing a collective training session on a beach in Youghal in January, which was in breach of GAA guidelines. McCarthy requested a hearing with the Disputes Resolution Authority as he decided not to accept the charge of "misconduct considered to have discredited the association". He had previously reque...

Cork manager McCarthy's appeal against 12-week ban is rejected by DRA The suspension to the Cork manager was handed out for the team’s training session on a beach in Youghal in January. By Fintan O'Toole Saturday 10 Apr 2021, 12:39 PM 5 hours ago 3,091 Views 2 Comments Cork manager Ronan McCarthy. Image: Laszlo Geczo/INPHO CORK FOOTBALL BOSS Ronan McCarthy’s attempt to have his 12-week ban overturned has been rejected by the Disputes Res...