12/06/2023
Central Bank of the UAE and Bank Indonesia agree to expand joint cooperation
The MoU was signed by His Excellency Khaled Mohamed Balama, Governor of CBUAE, and Perry Warjiyo, Governor of BI
Legal, Tax, Regulation & Compliance
12/06/2023
UAE corporate tax 2024: Details, registration, requirements
These are the necessary procedures that all businesses operating in the UAE must follow in order to comply with the corporate tax framework
12/05/2023
Herbert Smith Freehills advises Masdar on landmark agreement at COP28 between UAE and Kazakhstan
It is Masdar’s inaugural project in Kazakhstan, Central Asia's largest economy.
12/04/2023
The DFSA waives regulatory fees on ESG listings on Nasdaq Dubai
This fee waiver is effective immediately and will apply throughout 2024
11/30/2023
UAE issues new Dh500 banknote; circulation begins today
The new banknote is being issued in the same blue colour, for easier identification and will go into circulation on Thursday, November 30
11/23/2023
UAE Corporate Tax: How prepared are businesses as first tax year comes into sight
While first corporate tax payment is due only by Sept. '25, much still needs to be done
11/23/2023
Saudi Arabia is a regional powerhouse and global policy shaper: World Bank official
He underscored Saudi Arabia’s efforts to tackle climate change and applauded the Kingdom for its global initiatives.
11/22/2023
Binance to pay billions in US in money laundering case, CEO resigns
Zhao pleaded guilty to failing to maintain an effective anti-money laundering program
11/22/2023
Khaleeji Bank signs partnership agreement with Naseej
Includes cash prizes and exclusive offers for ‘Basateen’, ‘Canal View’ and ‘Nasayem Arad’
11/17/2023
Baker McKenzie advises Arab Bank Switzerland on its acquisition of the Quarz'Up development project near Geneva in a share deal
The Quarz'Up project will comprise approximately 23,000 square meters of usable space in a total of four buildings.
11/16/2023
UAE Corporate Tax: Big relief for commodity traders in free zones
Commodity businesses at free zones will be much pleased with latest corporate tax updates
11/14/2023
Dubai Taxi IPO: 25% stake to list on Dubai Financial Market
The subscription period will open on Tuesday, November 21
11/14/2023
Cover story: How regtech tools can help UAE-based entities enhance compliance and security
NorthLark’s Eshana de Silva tells Gulf Business that regtech promises to marry the new landscape of post-financial crisis regulation to the new landscape of digital technologies
11/14/2023
CBO issues treasury bills worth OMR36 million
Treasury bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds.
11/10/2023
UAE tax guide 2024: Everything you need to know
A new tax is on the way in 2024 and businesses need to be prepared
11/09/2023
Ogier launches in Dubai, providing clients with on-the-ground legal, corporate services, and regulatory consulting
Ogier will offer legal, corporate services, and regulatory consulting from its new location in the Dubai International Finance Centre.
11/09/2023
Saudi Arabia grants regional HQ licenses to over 180 companies: report
Investment Minister Khalid Al-Falih says the rate is picking up at 10 companies per week
11/09/2023
Saudi Central Bank sets new rules for APR calculation
The APR is a fixed interest rate for an entire year and offers a complete picture of what consumers will pay for a loan.
11/07/2023
Dubai approves general budget of $67bn for 2024-26 fiscal cycle
The budget lays increased focus on key sectors of social development, citizen housing, government work development, among others
11/07/2023
Kuwait to introduce new corporate tax initiative
This reform will be implemented in two stages and is expected to be fully phased out as early as 2025.