10/21/2019
Freezing government fees did not have ‘significant financial impact’ on Dubai – official
Dubai issued a decision in March 2018 to free all government fees for three years
Legal, Tax, Regulation & Compliance
10/18/2019
Bahrain wants to bridge Singapore startups to US$1.5t Gulf market
The kingdom’s startup ecosystem is gaining ground for its encouraging regulatory environment and setup costs
10/18/2019
Egypt to press ahead with sale of stakes in state companies — govt adviser
The government has been talking for years about selling the stakes but has repeatedly postponed the program
10/17/2019
Dubai Islamic Economy Development Centre explores prospects of collaboration in Southeast Asia
Jakarta hosted the second roundtable that explored ways to transform the country with the largest Muslim population in the world into a key driver of the global halal industry.
10/17/2019
Turkish bank charged with evading US sanctions on Iran
US Attorney said senior bank officials designed and carried out the scheme to move billions of dollars of Iranian oil revenue
10/17/2019
Egypt to cut trading fees on EGX to attract more investments
If the government wants to succeed and attract investors, it must be able to offer a more attractive framework for investors.
10/17/2019
ME banks must comply with AML/CFT legislation, says Doha Bank CEO
Hosted by the Union of Arab Banks and the Federal Reserve Bank of New York, the event was held under the theme
10/17/2019
Equiom Announced as Master Trustee for DIFC Savings Scheme
The scheme is due to launch in January 2020 with Equiom as the Master Trustee and Zurich serving as the administrator for the scheme.
10/16/2019
Commercial Bank warns clients, public about SMS phishing
Speaking at a recent media roundtable, Lethbridge stressed that Qatar’s digital landscape “continues to grow exponentially,” with 85% of Qatari households having an Internet connection and 100% of 15 to 24 years old customers owning a mo
10/16/2019
UAE and Russia sign deals worth $1.3bn during Putin's Abu Dhabi visit
Deals focussed on energy, advanced technology and health sectors
10/16/2019
UAE regulator seeks feedback on draft crypto asset rules
Securities and Commodities Authority calls on all relevant parties to provide feedback on draft crypto regulations by October 29
10/16/2019
MeleCoin not registered to operate in Dubai, financial authority warns
The company is said to be a clone of Melicoin, a company that the DFSA has authorized to operate.
10/16/2019
Marriott to add Luxury Collection property in Saudi Arabia
Guests will be able to choose from multiple dining options including a Café Lounge along with Argentinian and Mediterranean specialty restaurants.
10/16/2019
Non-Disclosure Agreements For The Protection Of Business
This article will seek the analyze the commercial application of NDAs only, looking at how they may be used for protection of businesses against, and address concerns such as, but not limited to, trade secrets, data-privacy, branding, consumer protection,
10/15/2019
Egypt's new banking draft law: opportunities and challenges
The new draft law also contributes to raising the level of performance of the banking system
10/15/2019
World Bank: Geopolitical Tensions Affect Growth in MENA in 2019
Countries in the region have implemented bold reforms to restore macroeconomic stability, but the projected growth rate is a fraction of what is needed to create enough jobs for the fast-growing, working-age population
10/14/2019
Guidance on economic substance released
The introduction of these regulations was an important step in the UAE’s implementation of action 5 of the OECD Base Erosion and Profit Shifting project, similar to other jurisdictions with “no or only nominal” tax regimes.
10/14/2019
Ex-Barclays bosses worried about jail risk of £322m Qatar deal, court hears
Prosecutors claim defendants knew payments in fundraising operation may be illegal
10/14/2019
Have a loan in UAE? Central Bank announces new rule
This decision has been made after taking feedback from the public.
10/14/2019
Crowdfunding receives boost in Middle East
Crowdfunding is a catch-all term used to describe different fundraising models that allow a group – 'crowd' – to pool funds and finance specific projects or businesses.