07/01/2019
Dubai Police: Over 800 bank fraud cases in three years
Dubai Police shared the figures on Sunday during the launch of its UAE-wide #SecureYourAccount campaign
Legal, Tax, Regulation & Compliance
07/01/2019
Qatar and World Bank Group sign new pact
This bilateral agreement aims to keep improving the investment environment in Qatar and attracting FDI”.
06/28/2019
Dubai’s Biggest Bank Gets Key Approval for Turkey Denizbank Deal
The U.A.E.’s central bank didn’t immediately respond to an email and calls seeking comment.
06/28/2019
Andersen Name Premieres in Kuwait
Andersen Tax in Kuwait will continue providing accounting and corporate secretarial services to individuals and corporations in a wide range of industries.
06/28/2019
The Qatari investment
The conspicuous absence of a joint communiqué, a norm for such high-level visits was, to say the least, most intriguing.
06/27/2019
ADFG and SHUAA Agree Transformational Transaction, Creating a Regional Financial Services Powerhouse
The Transaction has been approved by SHUAA's Board of Directors.
06/27/2019
UAE VAT collections at $7.4 billion in 2018
The addition of a new revenue source is also important for the federal government.
06/27/2019
Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia
Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the South East Asia market.
06/27/2019
Invest Abu Dhabi launches new AM firm with MENA focus
Yazan Abdeen, CEO and portfolio manager at ADIM added "As a specialized asset management boutique focused on MENA equitIes ADIM is well-equipped to cater to the diversified investment needs of its clients.
06/27/2019
Eight initiatives to boost growth and diversification in Abu Dhabi
The biggest impact immediately will likely come from the credit scheme guarantees
06/27/2019
Iran central bank: U.S. sanctions aren't harming oil exports
"The Americans have done whatever they could with the sanctions, but the embargoes have no more use."
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Untaxed money in accounts in Switzerland has been a target for foreign governments for years
06/27/2019
UAE Central Bank reforms reporting of non-performing loans
Under previous reporting methodology, non-performing loans were overstated
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Thousands of Israelis have disclosed foreign accounts containing billions of dollars under a government amnesty programme in recent years, as they sought to avoid prosecution in a crackdown on unreported capital.
06/27/2019
UAE extends long-term visas to high earning execs
UAE's long-term residency program will now include execs who earn a monthly salary of AED30,000 or more
06/27/2019
UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency
Agreement to explore, strengthen and enhance bilateral trade between two countries
06/27/2019
Saudi regulator removes cap on ownership for strategic investors
Riyadh-based Capital Market Authority said there are no maximum or minimum limits on the ownership of listed companies for foreign strategic investors
06/27/2019
Belarusian Finance Ministry looking for loans in Persian Gulf
Belarus has already cooperated with the Kuwait Fund for Arab Economic Development in the past.
06/27/2019
CBUAE enhances NPL reporting
For comparative purposes, the Central Bank of the UAE is providing time series reflecting the enhanced NPL ratio methodology covering the last five years.
06/26/2019
Tawazun Economic Program – The Tawazun Economic Council's New Policy Guidelines
Offset programs are considered countertrade mechanisms that are generally connected with the sale of defense products and services to foreign governments.