11/04/2019
Property lending beyond 20% at banks’ own risk: UAE Central Bank Governor
Relaxed policy would allow more flexibility for banks and the property sector
Legal, Tax, Regulation & Compliance
11/04/2019
Bahrain to Provide Fast-Track Setup Program for Fintech Startups
The new initiative will provide an expedited entry process covering visa requirements, residency and business registration processes. I
11/04/2019
UAE Central Bank to launch FinTech coordination authority in a few months
'FinTech Office' aims for a UAE-approved regulatory framework, says central bank governor
11/04/2019
Saudi to levy new airport tax from 2020 – reports
The new charge will be imposed on passengers travelling on domestic routes
11/04/2019
Canadian in Dubai Arrested for Fraud, Including Crypto Fraud via Habibi Coin, the “Bitcoin of the Middle East”
Mirza, who maintained a following of 800 000 on Instagram, also touted a scheme called the “Leverage Program” (LP).
11/03/2019
How visa reforms boost UAE economy
Initiatives give opportunities to entrepreneurs, companies to maximise their potential, in turn further propping up nation
11/03/2019
Bahrain set to vote on pension law amendments under Islamic Banking rules
Laws would allow workers to replace their pension benefits with cash under Islamic banking rules
11/01/2019
Maples Awarded for Groundbreaking Deal at IFLR Middle East Awards
Maples and Calder advised on a total of 7 deals which were nominated for this year’s awards
11/01/2019
UAE takes leadership role in digital transformation
This, he said, is usually in the form of forward-facing initiatives such as the Dubai Innovation Strategy, the Dubai AI strategy and the Dubai Blockchain Strategy.
11/01/2019
EPRI partners on AI, blockchain and cybersecurity R&D in the Gulf
Through our collaboration with EPRI, we expect good progress both in the research itself and in integrating our efforts with other leaders in the sector.
11/01/2019
Dubai is facing a real estate paradox that has the industry divided
The bright side to this trend, however, is the well-known fact that a flat property market is almost always a buyers' market and Dubai is no exception.
11/01/2019
Dentons advises on second green corporate sukuk issuance in the Middle East
This was the second green sukuk issuance by Majid Al Futtaim, who intend to use the proceeds to back environmentally-friendly projects in areas such as renewable energy and sustainable water management.
10/31/2019
How DIFC’s new savings scheme is evolving as it nears roll-out on January 1
Details of the plan’s fees and how it will work are emerging, but questions and concerns about implementation remain
10/31/2019
Sharia law and the applicable inheritance rules
These are the trends that have led particularly to women seeking our assistance and expertise.
10/31/2019
Breaking foreign exchange peg could be ruinous for Lebanon
High levels of US dollar denominated debt, which makes up nearly half of Lebanon's total liabilities, is one reason why a devaluation could be more painful.
10/31/2019
Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors
Dubai-based entrepreneur faces legal troubles due to Habibi Coin, or the 'bitcoin of the Middle East', due to defrauding investors worth millions of dollars for promising financial freedom through his International Success Group.
10/31/2019
GCC rate cuts: UAE residents will now be able borrow money for lower rates
Lower policy rates unlikely to lift private sector loan demand
10/31/2019
President Kenyatta courts Arab investors to invest in Kenya
President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.
10/31/2019
ICD to subscribe Emirates NBD rights issue
Bank to raise Dh6.45 billion through rights offering
10/30/2019
Saudi Arabia's new bankruptcy law faces key test in the courts
A lack of modern bankruptcy regulations had created difficulties for struggling firms seeking to restructure debt with creditors since the 2009 global financial crisis and the more recent dip in oil prices.