10/24/2019
Kuwait allows visit visas to be converted into residency visas
A visit visa on arrival costs KD 3 for certain nationalities, the fee for renewal of residence permit for one year is KD 10 per person
Legal, Tax, Regulation & Compliance
10/24/2019
New DIFC Employee Workplace Savings Scheme Proposed
The "qualifying scheme" is designed to cater for employers that have already been contributing to a plan on the behalf of their employers, or who have specific requirements that are not catered for by the DEWS plan.
10/24/2019
UAE central bank proposes new real estate lending rules for banks
Banks are expected to respond to the new proposal by October 31
10/24/2019
Regulatory environment biggest hurdle facing fintech startups
Yet despite such growth, startups are facing a few major hurdles, primarily in regulations and financing.
10/23/2019
"KFH Group" establishes a partnership with "Brilliant Lab"
As part of its support the national initiators
10/23/2019
NBK partners with global non-profit ‘Entrepreneurs’ Organization’, Kuwait
Al-Abdulghafour: We aim to help young entrepreneurs plan their future
10/22/2019
Lebanon Pledges Bank Tax as Part of Sweeping Drive to End Unrest
The vision was met with skepticism by economists, not least because Lebanon’s budget deficit stood at just under 12% of gross domestic product in 2018.
10/22/2019
Iran's Central Bank chief speaks out on currency plunge, $15 billion French credit line
Asked about the destiny of a $15 billion credit line proposal from the French, he answered that “it depends on the Europeans and the United States to work it out.”
10/22/2019
UAE: Why bank charges for rejected deferral?
Can bank refund the processing fee since it rejected deferment?
10/22/2019
London-based $3.5bln TransferWise CEO optimistic on new UAE presence
TransferWise is a rare profitable fintech firm with no current plans for an IPO, its CEO told Zawya
10/22/2019
Lebanon to tax banks in bid to end unrest
"Your movement is what led to these decisions today," Hariri said in a televised address, highlighting that people had the right to keep protesting.
10/21/2019
US a strategic partner of Qatar: QCB Governor
Qatar is expected to attract specialised US FinTech companies to help improve the quality and efficiency of the country’s banking system.
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
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.