06/21/2019
Saudi Arabia, Japan sign new agreements
Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner
Legal, Tax, Regulation & Compliance
06/21/2019
Dubai regulator warns investors about Cyprus scam
Fraudsters impersonating island’s financial watchdog
06/21/2019
Former Barclays boss cleared in Qatar fraud case
Mr Varley has been acquitted on both counts.
06/21/2019
Israel: First court decision issued on taxation of Bitcoin transactions by individuals
The tax authorities took the position that Bitcoin should not be regarded as currency or foreign currency.
06/20/2019
Israel should wait for peace plan before West Bank annexation, says Jason Greenblatt
'I don’t think anyone should make unilateral moves until we at least reveal the plan,' he said
06/20/2019
Turkish, Japanese business circles eye further cooperation in Africa
He said Turkish businesspeople were interested in the promotion of various sectors and attracting bilateral investment, especially in IT, energy, infrastructure construction, and the automotive industry, thanks to "genuine" partnerships.
06/20/2019
A Big Absence In Bahrain
Upcoming economic conference seen hampered by missing key partner: the Palestinians.
06/20/2019
Fraudulent company attempted to swindle money in Bahrain
On its website, National Investment Bank promises to provide “ultra-low spread” and encourages the website visitors to “start trading now”.
06/20/2019
FIAU made 12 requests for information to UAE in 2018
17 Black was incorporated in Dubai and had its account at Noor Bank, which was opened in 2015, closed in 2018.
06/20/2019
Palestinian finances near collapse as cuts deepen: monetary chief
Palestinian Authority accumulates $3bln in debt
06/19/2019
More UAE banks to merge, KPMG predicts
Firm's latest analysis of GCC banks' results forecasts more consolidation in overbanked markets such as UAE and Oman
06/19/2019
Cryptocurrency platform HAYVN approved by Abu Dhabi regulator
The platform also plans to get approvals from UK regulators.
06/19/2019
UAE's FAB to close Qatar operations
"FAB's decision to close its QFC branch follows many months of baseless actions by the QFCRA."
06/19/2019
Dubai suspends licence of company in DIFC
The company RCL provided corporate and investment advisory services to individuals
06/19/2019
Boutique Firm Led by Ex-UBS Banker to Bid for Abraaj Funds
Tell Group is offering $25 million to manage seven funds
06/19/2019
Ex-StanChart Lawyer Fights Bank Over Wolf-Whistles, ‘Hairgate’
The allegations come as Standard Chartered attempts to move on from a litany of concerns about misconduct
06/19/2019
Trade Bank of Iraq and ESDS software solution sign MOU for developing Fintech and a cloud platform
This is the latest in a number of strategic agreements we have made with leading firms in the region to help rebuild, develop and modernise Iraq.
06/19/2019
DFSA suspends licence of Rasan Capital Limited
RCL's licence was suspended due to serious concerns about the adequacy of its financial resources
06/18/2019
UAE investors hit as dodgy 'halal' firm folds up in India
Life-savings lost in suspected Ponzi scheme
06/18/2019
Will VAT rate go up in GCC?
The IMF recently recommended that five per cent VAT levied in Saudi Arabia and the UAE as part of a GCC-wide framework should be raised