10/07/2019
Switzerland and the UAE removed from EU tax haven lists
Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October
Legal, Tax, Regulation & Compliance
10/07/2019
Former Barclays executives set for fraud trial over Qatar rescue
Varley was acquitted when a judge ruled that the evidence against him was insufficient for the case to proceed
10/04/2019
Jordan amends conditions to grant nationality to investors
Under the new decision, the term of the zero-interest deposit is reduced to three years instead of five, the Jordan News Agency, Petra, reported.
10/04/2019
Abu Dhabi to host UAE-Lebanon Investment Conference on October 7
The delegation is led by Lebanese Prime Minister Saad Hariri and includes six ministers
10/03/2019
The DFSA authorises its 500th financial firm
Kotak Mahindra Bank’s DIFC branch is its first overseas branch.
10/03/2019
DFSA Action Concerning Chairman and SEO Referred to Financial Markets Tribunal
DFSA decided to take enforcement action against Dr Sheikh for breaches of DFSA legislation
10/03/2019
UAE Economic Substance Regulations: Five Things You Need To Know
The only current exception to these requirements is for companies that are at least 51% owned directly or indirectly by UAE federal or Emirate-level governmental authorities.
10/02/2019
Dubai rolls out virtual business licences for global investors
Under the new arrangement, investors can obtain a virtual commercial license from anywhere in the world, including opening bank accounts and securing e-residencies.
10/02/2019
Andersen Global Continues to Expand Throughout Middle East
Jordan-Based Zalloum & Laswi to Become Andersen Tax & Legal
10/02/2019
Uae banks federation meets with the U.S. Treasury Department's Office of Foreign Assets Control to reinforce financial and banking relations
Senior compliance bankers of UAE Banks and high-level OFAC and U.S. delegates attended a meeting to discuss key financial topics and ongoing developments in the banking sector
10/02/2019
Saudi regulator grants fintech experimental permit for equity crowdfunding platform
Permit will enable Emkan to experiment crowdfunding in a fintech medium, at which investors can finance SMEs
10/02/2019
Oman’s central bank issues treasury bills
The treasury bills are for a maturity period of 28 days, from October 2, 2019, until October 30, 2019.
10/02/2019
Sanad Aerotech signs $114.89m financing deal with Masreq
We are pleased to partner with Mashreq Bank and this successful transaction underscores the confidence that the banking community has in our business.
10/01/2019
Bahrain ranks among top most improved economies
Bahrain implemented a comprehensive reform programme, making it easier to do business in nine of the 10 areas included in the ease of doing business ranking (all but starting a business)
10/01/2019
Banks apply limited interest cuts after CBE slashes basic rates
The National Bank of Egypt decided last Thursday to keep interest rates on fixed-rate saving certificates unchanged, to remain at 14% for three-month certificates and 14.25% for quarterly return certificates.
10/01/2019
MoneyGram Teams Up With Agricultural Bank to Expand in Egypt
This partnership will lead to increased remittance transactions for MoneyGram leading to overall revenue growth.
10/01/2019
Fitch affirms National Bank of Kuwait at 'AA-'; outlook stable
The Stable Outlook on NBK's Long-Term IDR reflects that on the Kuwaiti sovereign rating.
10/01/2019
QNB Group receives regulatory nod for Hong Kong branch
The bank, along with its subsidiaries, has operations in over 31 countries across three continents. Its staff headcount is over 30,000.
09/30/2019
KIB leads Kuwait’s financial transformation
After years of sluggish growth, Kuwait’s banking sector is finally booming and its financial institutions are capitalising.
09/30/2019
SAMA delivers positive assessment of the Saudi Arabia’s economy
Saudi Arabia registered GDP growth of 2.21% to $700bln in 2018, compared to a decline of 0.74% in 2017