10/30/2019
UAE’s tax authority urges tax registration for new excise duties
Failure to register companies and stocks of taxable items to result in hefty fines in UAE
Legal, Tax, Regulation & Compliance
10/30/2019
UAE- Digitrans 2019 to focus on digital transformation
The forum will focus on the trending digital practices in six industry tracks, namely government, banking, healthcare, retail, education, and transportation.
10/30/2019
Swiss Bankers Wrap Saudi Arabia Trip
A delegation led by Swiss finance minister Ueli Maurer on Tuesday wrapped up a trip to Saudi Arabia and the United Arab Emirates
10/29/2019
Bank account information of Iqama holders: UAE ministry approached to seek access
The Iqama holders get artificial residence in the UAE due to which their accounts/balances and other tax-related information are not shared with Pakistan, the FBR added.
10/29/2019
Lebanon's c. bank urges quick solution to avoid future collapse
There is no sign of the government giving ground to protesters, whose demands include its resignation.
10/29/2019
Kuwait - Banks have no right to increase interest rate on a loan
Law No. 305 of the civil law considers invalid every agreement in which payment is given in return of benefitting from the loaned money or lease through deducting interest before actual payment
10/29/2019
Choosing the right agency for your Citizenship-by-Investment application is more crucial than ever before
As the industry matures, governments continue to refine their due diligence processes and tighten regulations in order to protect the integrity of their CBI & RBI programs
10/29/2019
Qatar- In rare win for regulators, Australia's Westpac loses case over marketing cold calls
The court gave ASIC and Westpac two weeks to agree on what public declarations the bank must give.
10/29/2019
Bahrain FDI increases 1% to $262.6m in Q2 2019
Kuwait contributed the most in terms of foreign direct investments into Bahrain, followed by India and the Kingdom of Saudi Arabia
10/29/2019
IMF Says Mideast Markets Most Sensitive to Global Risk
While the funds provided some governments the means to plug deficits relatively cheaply
10/29/2019
Qatar royal family seeks Deutsche Bank chairman departure after huge investment losses
Achleitner’s failure to get Swiss banker Juerg Zeltner onto supervisory board prompts Qatari investors’ call for Deutsche Bank chairman to leave as Qatari ruling family’s investment in German lender takes a hammering.
10/29/2019
Lebanon's closed banks pledge to pay out salaries
The government has yet to indicate it would cede ground to protesters, whose demands include its resignation.
10/28/2019
UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit
With the focus usually on China, Japan or the United States, the Middle East is an area that doesn't often get the attention it deserves when it comes to blockchain and cryptocurrencies.
10/28/2019
Dubai CSD licensed as the first independent central securities depository service provider in the UAE
H.E. Essa Kazim: "The post-trade services' revamp further strengthens Dubai's leading position as a center of excellence and a dynamic capital markets hub"
10/28/2019
Brazil and the UAE sign deal to deepen trade ties
According to the Dubai Chamber of Commerce and Industry, bilateral UAE-Brazil trade last year was $2.7 billion.
10/28/2019
EY: Gold, drug money and a major auditor's 'cover-up'
The following year the accountancy firm EY, formerly known as Ernst and Young, had been asked to conduct a review of Kaloti's compliance
10/25/2019
UAE remains best Middle East country for doing business
UAE an inspiration for business regulatory reforms, said World Bank.
10/25/2019
Saudi Arabia's new bankruptcy law faces key test in the courts
Legislation introduced in 2018 is part of broader efforts to overhaul the economy of the world's top oil exporter to entice foreign investment, create jobs for young Saudis and diversify into non-oil industries.
10/25/2019
Massive drive by Sharjah to prevent bank frauds
Sharjah Islamic Bank, Sharjah Police embark on 'Stay Safe… Secure Your Account' campaign
10/25/2019
Tidjane Thiam: The "WEF in the desert" is calling
This year, the second-largest Swiss bank is prominently represented there.