07/19/2019
Applications for 6-month UAE visit visa now accepted from abroad
Thus they can take the decision of applying for a residency visa or not.
Legal, Tax, Regulation & Compliance
07/19/2019
Woodbrook acquires Mondial
Deal establishes a base for the group in the Middle East
07/19/2019
Qatar can adopt Basel IV guidelines quickly: KPMG
The revised norms will result in banks facing a shift in the relative attractiveness of different types of exposures, which will also impact the attractiveness of adopting an internal model based approach to credit or market risk, KPMG said.
07/18/2019
Kazakhstan, UAE trade ties on solid growth trajectory
“The UAE has shown to the world how to successfully diversify the economy and attract experts in various government entities and regulatory bodies.
07/18/2019
FAB proposes removing foreign ownership cap
The Board of Directors’ proposal is subject to the supervision of regulatory authorities and would require amendments to the current laws and policies.
07/18/2019
Top International Business Lawyer Joins Kalbian Hagerty
Has joined the firm’s UAE office as Senior Counsel.
07/18/2019
Combating financial crime
3 focus areas for banks to achieve more effective and efficient customer due diligence
07/18/2019
Abu Dhabi regulator sets up framework for robo-advisers
We look forward to welcoming more robo-advisors to establish their presence in Abu Dhabi in ADGM and support investors with their innovative solutions.
07/17/2019
37% of the charities in Kuwait violated law
There are many evidences that some charity organizations have deviated from its course
07/17/2019
Turkey's new central banker maps out rate cuts
TURKEY'S new central bank governor ended days of silence since his surprise appointment by President Recep Tayyip Erdogan with a message that hinted at restraint as he pivots toward interest-rate cuts. Speaking in his first interview since his prede
07/17/2019
Dubai’s Amlak to restructure $1.2B by end of year
The company is asking creditors to reschedule repayments on debt over the originally agreed period that ends in 2026, people familiar with the matter said, asking not to be identified because the information is private.
07/17/2019
Qatar’s banking sector maintains resilience, amid evolving regulatory landscape, technological changes: KPMG
The publication complements KPMG’s GCC listed banks’ results report, which sets out some of the key financial indicators, issues and expected trends in the future for the banking industry in the region.
07/17/2019
Two prominent Emiratis join UAE Internal Auditors' board
Internal Audit community helps growth of corporate governance and economic development
07/17/2019
Kuwait reserve assets hit $39bn
The bank said in a press release that overall currency and assets reached by the end of May KD 11.2 billion ($36.9 billion), including paper and metallic banknotes, namely foreign currencies in circulation for securing payments.
07/17/2019
New family sponsorship law for expats in the UAE makes it easier for women
The Federal Authority for Identity and Citizenship (FAIC) has confirmed that women are not restricted under the new rules.
07/16/2019
Abu Dhabi Investment Authority in hiring push as it plans to ‘scale up’ active investing
Wealth fund’s fixed income and treasury department to become fully active in coming years
07/16/2019
Dubai watchdog warns about Cartwright & Brown following FCA alert
The regulator added that Cartwright & Brown is not authorised by the DFSA, and does not hold a commercial licence to operate in the DIFC from the DIFC Registrar of Companies.
07/16/2019
Actis Completes Deal to Take Over Two Abraaj Funds
Abraaj is selling its assets piecemeal to rivals
07/15/2019
DLD signs deal with Al Masraf to manage OA accounts
The MoU was signed by Rera, as it is one of the authorities responsible for implementing Law No. 27 of 2007 regarding co-owned properties in Dubai concerning OAs.
07/15/2019
Man accused of unlawful use of credit card
When faced by the court with the forged documents, the defendant denied he knew anything about them but pointed out that the image in the ID card resembled someone he knew though the name was different.