09/21/2020
Retire in Dubai: costs revealed
After a huge response there is now more information available for over 55s looking to retire in Dubai
Legal, Tax, Regulation & Compliance
09/21/2020
Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq
Despite this, some banks, including Deutsche Bank and specifically its US branches, continued to allow money transfers to be sent to Iraq despite the group’s control over large parts of the country.
09/18/2020
Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi
The agreement will allow Israeli clients to transact directly in the UAE.
09/18/2020
United Arab Emirates: Economic substance regulations amended and replaced
The new regulations and guidance have introduced important changes to the scope of the ES regulations, covered entities, compliance requirements, and governing authorities.
09/17/2020
UAE Ministry of Finance launches third generation e-Dirham system
e-Dirham mobile app Mubasher and three prepaid cards with integrated benefits unvielied
09/17/2020
UAE tech sector needs to get hiring right
Winning government contracts and not doing anything to recruit nationals is unacceptable
09/17/2020
Qatar's QDB extends loan guarantee program by three months, lifts ceiling - QNA
The cabinet decision also raised the ceiling of the guarantees to 5 billion Qatari riyals, from 3 billion.
09/17/2020
Iraq's inability to borrow money has 'plunged it into crisis'
In recent weeks, the Iraqi the government rejected the borrowing terms of the International Monetary Fund and the World Bank.
09/17/2020
UAE Central Bank reviews continuous development plans, new initiatives
The board members addressed the bank's operational plans and approved the consumer protection framework and regulatory oversight of the UAE banking industry.
09/16/2020
CBE Urges Banks to Offer Facilities As Six-Month Suspension of Loan Installments Ends
The CBE also called for taking into consideration the importance of avoiding any pressure on companies' financial liquidity.
09/16/2020
Bank Audi to sell units in Jordan and Iraq to Capital Bank
Talks on selling Egyptian business to restart with First Abu Dhabi Bank
09/16/2020
Israel's Leumi signs deals with First Abu Dhabi Bank, Emirates NBD
Leumi said its agreements with the UAE banks would help enable the countries to implement economic relations.
09/16/2020
UAE committed to financial action task force standards, central bank governor says
The country has strict laws and mechanisms to deal with money laundering and the financing of terrorism
09/16/2020
Trump: Israeli pacts with 2 Arab states signal 'new' Mideast
The agreements formalize the normalization of Israel's already warming relations with the United Arab Emirates and Bahrain.
09/15/2020
Bank of Bahrain and Kuwait to take over Ithmaar Bank’s Bahrain operations
Deal also extends to acquiring certain assets of IB Capital, owned by Ithmaar
09/15/2020
Russia's Sberbank to target Middle East investors with UAE subsidiary
The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East
09/15/2020
A&O advises on sale of stake in The Saudi British Bank in rare accelerated bookbuild
They were supported by associates Aria Howorth Oram in London and Ruqaiya Ali in Dubai.
09/15/2020
Latham Advises the Government of Dubai on High-Profile US$1 Billion Sukuk and US$1 Billion Notes Issuance
The Certificates and the Notes were each offered to investors outside the United States pursuant to Regulation S under the US Securities Act of 1933, as amended.
09/14/2020
Arab central banks, monetary institutions to discuss implications of COVID-19
Fintech application and digital transformation of banking services and products are among issues to be addressed
09/14/2020
DIFC and Dubai Future Foundation collaborate to make the Emirate a Leading City of the Future
DIFC will also be a major part of the Dubai Future District, the region’s largest future economy focused district