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Legal, Tax, Regulation & Compliance

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

11/12/2019

Vistra Completes Rebrand of London Legalisation Services

Harnessing our local expertise and global reach across 45 jurisdictions, we believe we are well positioned to create further opportunities for clients and prospects locally and abroad.

11/12/2019

CBK unveils liquidity management, forecasting dashboard

The Governor pointed out that “Any change in liquidity levels or volume of demand for the Kuwaiti Dinar could effect the rate of return in the monetary market.

11/12/2019

Lebanon: Central Bank Tries to Calm Nerves as Bank Employee Union Calls for Strike

The unprecedented wave of anti-government protests prompted the resignation of Prime Minister Saad Hariri.

11/12/2019

Boursa Kuwait approves Zagtrader for its market making solution

On the back of Boursa Kuwait's announcement in the previous years, Market Making is a crucial tool that serves in boosting liquidity of securities listed in the stock market in Kuwait

11/11/2019

Dubai's Jafza first to roll out new workforce protection deal

Workforce Protection Programme aims to provide improved benefits for thousands of employees

11/11/2019

UAE banks record total assets of USD820bn

It added that the asset growth was driven a rise in deposits from USD0.368 trillion in December 2018 to USD0.382trillion in September.

11/11/2019

Employees' rights under new DIFC employment and insolvency laws

Under the DIFC Preferential Creditor Regulations, employees are designated as 'preferred creditors'.

11/11/2019

Lebanese bank employee union calls strike over safety concerns

George al Hajj said the decision had been taken on Monday at a meeting of the syndicate that represents 11,000 bank employees.

11/11/2019

Dawn of VAT litigation in UAE: Are you prepared?

Since VAT litigation is new, there are not enough jurisprudence available to rely on.

11/11/2019

Emiratis to secure 40% banking jobs in UAE

Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce

11/08/2019

UAE has 'no income tax plans' says senior government official

A feature about tax in a local newspaper caused a flurry of debate among residents

11/08/2019

Kuwait- Freeze assets of those on US sanctions list

CBK moves to combat money laundering, terror financing

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