Latest news with #FSMR
GMA Network
08-06-2025
- GMA Network
Alleged NPA top leader nabbed in CDO
Government forces arrested an alleged high-ranking leader of the New People's Army (NPA) in Barangay Indahag, Cagayan de Oro City on Thursday, June 5, 2025. The military identified the suspect as Edward Flores, also known by his aliases Cess, Ruby, Rafa, and Ramon. According to reports, the suspect allegedly served as secretary general of the NPA's Far South Mindanao Region (FSMR), which operates under the jurisdiction of the 6th Infantry Division (6ID). 'Once a powerful figure, Flores' group has significantly weakened due to sustain decisive military operations that dismantled vertical platoon and neutralization of majority of its leaders and remaining members,' 6ID said. The military added that the suspect also allegedly held positions previously such as Regional Urban Committee secretary, secretary of the dismantled Guerilla Front Tala, and spokesperson of the FSMR. 'The arrest of Edward Flores marks another critical blow to the already crumbling structure of the communist insurgency within the area of responsibility of the 603rd Brigade. In fact, we have already filed multiple cases against him for acts of terrorism and for recruiting vulnerable youth into armed rebellion. His capture is a major setback to their ranks and operations,' 603rd Infantry Brigade Commander, Brigadier General Michael Santos, said. Among the charges faced by the suspect include murder filed in Tagum City, Davao del Norte; multiple attempted homicide filed in Surallah, South Cotabato; murder filed in Isulan, Sultan Kudarat, and violation of the Anti-Terrorism Act. During the operation, authorities confiscated a Colt .45 pistol, a fragmentation grenade, and a smartphone from the suspect. "We will remain determined in our efforts to significantly reduce the capabilities of these terrorist criminals to harass innocent civilians. As the CTG continues to lose key leaders and more members, we will continue our pursuit until they are defeated. With the support of our civilian population and partner stakeholders under the Task Force to End Local Communist Armed Conflict (TF-ELCAC), we will not rest until this decades-long problem is resolved," 6ID Commander, Major General Ronald Gumiran, said. —GMA Regional TV News
Fintech News ME
26-05-2025
- Business
- Fintech News ME
Deutsche Bank Secures ADGM License to Expand UAE Operations
Deutsche Bank has announced that it has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). This authorisation enables the bank to conduct a range of regulated activities within the international financial centre. The license allows Deutsche Bank to carry out activities under the Financial Services and Markets Regulations 2015 (FSMR), specifically: arranging deals in investments, arranging credit, and advising on investments or credit. The development marks an expansion of the bank's presence in the United Arab Emirates (UAE), where it has operated for over 25 years. The bank first opened a representative office in Abu Dhabi in 1999, and now maintains four legal entities in the country, including the newly licensed ADGM branch. Deutsche Bank provides a range of services across investment banking, corporate banking, and wealth management in the UAE. Jean-Pierre Habis has been appointed Senior Manager for the ADGM branch. In this role, he will oversee key aspects of the bank's regulated business and support the delivery of financial services tailored to client needs. According to Jamal Al Kishi, Chief Executive Officer for Middle East and Africa, 'Receiving this license is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. It improves our ability to deliver on our Hausbank promise, to serve as a trusted partner to clients wherever they operate.'
Yahoo
23-05-2025
- Business
- Yahoo
Deutsche Bank bolsters UAE foothold with ADGM licence
Deutsche Bank has secured a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM) to perform essential regulated activities within the international financial hub. The licence enables Deutsche Bank to engage in various regulated activities as outlined in the Financial Services and Markets Regulations 2015 (FSMR), including arranging deals in investments, arranging credit, and advising on investments or credit. This development is in line with Deutsche Bank's strategy to enhance its operations in the UAE. The bank aims to align its efforts with its global Hausbank strategy, which focuses on being a reliable partner to clients by providing integrated financial solutions that meet their changing needs across different markets and sectors. Deutsche Bank Middle East and Africa CEO Jamal Al Kishi said: 'Receiving this licence is an important step in our strategy to better meet the evolving needs of our clients in the UAE and across the region. 'It improves our ability to deliver on our Hausbank promise — to serve as a trusted partner to clients wherever they operate.' Jean-Pierre Habis has been named senior manager for the new ADGM branch, with responsibility for managing key aspects of the bank's regulated business activities and assisting in the delivery of customised financial solutions to clients. The ADGM licence aligns with Deutsche Bank's goal of linking global capital with regional opportunities, stated the German lender. It also contributes to the economic transformation of the region, in line with national initiatives such as 'We the UAE 2031' and the 'Abu Dhabi Economic Vision 2030.' Deutsche Bank currently provides services in investment banking, corporate banking, and wealth management in the region. Recently, Coller Capital partnered with Deutsche Bank to offer its flagship private equity secondaries fund, CollerEquity, to professional and qualified individual investors in Asia and select EMEA countries. "Deutsche Bank bolsters UAE foothold with ADGM licence" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
