11/19/2019
The UAE Foreign Direct Investment Law
The United Arab Emirates (UAE), a federation of seven Emirates (member states), has served as a global centre for trade for centuries.
Legal, Tax, Regulation & Compliance
11/18/2019
Imdaad secures Abu Dhabi Islamic Bank FM contract
The contract encompasses over 100 locations across all seven emirates
11/18/2019
EU adopts framework for sanctions on Turkey
This decision is a direct follow-up to the Council conclusions of 14 October 2019
11/17/2019
The regulatory agenda moves on
Regulators may need to consider changing from supervising entities to supervising activities
11/15/2019
Beit Al Khair Society spends AED 53 million on ‘Aman Programme’
A total of AED1.1 million was awarded to the Families of People of Determination while Monthly Food Assistance worth AED 6 million was also provided, he added.
11/15/2019
Egypt: Central bank to offer $1.5bn worth of treasury bills
They are usually issued by the state’s finance ministry through the central bank to local and foreign institutions.
11/15/2019
Middle East Business Climate Improving
Attracting FDI is critical to economic diversification and four Middle Eastern nations are working the hardest to attract foreign investors.
11/15/2019
A new smart employee benefits platform by FlexxPay, in partnership with Nasco
Employees to be able to obtain salary on-demand if needed
11/14/2019
UK court rejects Al-Raja'an request for cash, property
Arab Times) Fahd Al-Raja'an, the former director of the Public Institution for Social Security a precondition for his extradition to Kuwait.
11/14/2019
Anti-Corruption & Bribery Comparative Guide
Both the UNCAC and the Arab Council (which is responsible for the creation of the Arab Convention) were created specially to combat corruption on a global and territorial scale respectively.
11/14/2019
DFSA issues Consultation Paper for SME listings
SMEs play an important role in the economic development of any country.
11/14/2019
Legal view on UAE commission cap
Law firm expects separate set of rules dealing specifically ‘with advisers and individual sales personnel’
11/14/2019
Arab Monetary Fund and bank for international settlements organize the third working party meeting on monetary policy in the Arab region
The purpose of this event is to review recent global and regional economic and financial developments and to exchange views on their implications for the banking sector and monetary policies management in the Arab region.
11/14/2019
DFSA extends MoU with Chinese regulatory body CBIRC
The initial MoU, signed in Beijing on 24 September 2007, facilitated co-operation and information sharing between banking supervisors.
11/14/2019
Breakthrough seen in ending Gulf spat with Qatar
Kuwait and the US have stepped up efforts to resolve the dispute
11/13/2019
MENA's Smartcrowd real estate investments platform graduates from DFSA's ITL; obtains full license
The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.
11/13/2019
Banks gear up for Aramco’s digital IPO
On Nov. 17, Aramco will publish a minimum and maximum range for the share price
11/13/2019
Exchange companies complain to CBK local banks refusal to open accounts
‘Business significantly affected’
11/13/2019
HSBC’s Quinn Courts Qataris for Deals After Chasing Saudi Fees
Representatives for HSBC and the QIA declined to comment. Qatar’s media office declined to comment on behalf of the ministry of finance and central bank.
11/12/2019
Al Baraka bank announces second Sukuk issuance to raise R400m
As Islamic law prevents any instrument from paying an absolute return, the Sukuk issued by Al Baraka will pay a variable return over its 10-year life and qualifies as tier 2 capital for the bank