08/09/2019
Why Expats Shouldn’t Run Away From Debt In The Gulf
The laws seem barmy and archaic. After all, how can someone repay a debt from behind bars?
Legal, Tax, Regulation & Compliance
08/09/2019
Abraaj founder sentenced to prison in absentia by UAE court
Sources say Arif Naqvi has been sentenced to three years in prison for a case involving low-cost carrier Air Arabia
08/09/2019
Important Israeli court ruling on the taxation of trusts
The settlors' report to the ITA argued that the trust should be classified as an Israeli residents trust or an Israeli resident beneficiary trust.
08/08/2019
DFSA, Egypt cbank team up to promote bank safety
The DFSA has enjoyed a close working relationship with its Egyptian counterparts for many years.
08/08/2019
QCB announces Eid holidays for banks
It said in a statement that the banks will reopen to the public on Wednesday, August 14.
08/08/2019
Masayoshi Son hurries out Vision Fund 2 before market turns
SoftBank founder does not want to see high valuations of investments cut
08/07/2019
Zurich and Equiom to run DIFC savings scheme
Defined contribution plan is set to launch from January 2020
08/07/2019
Fraudsters target UAE jobseekers with fake migration offers
Malhotra claimed that they have found patterns through most complaints.
08/07/2019
Dubai Financial Services Authority Signs MOU with the Central Bank of Egypt
The MoU was signed by Mr Bryan Stirewalt, Chief Executive of the DFSA, in Dubai on 28 July 2019 and by HE Tarek Amer, Governor of the CBE, in Egypt.
08/06/2019
Domestic banks’ cross-border assets concentrate in Europe
The rebound in non-resident deposits provided the growth momentum while placements and borrowings from the foreign financial institutions also improved quiet substantially.
08/06/2019
The Middle East Might be Changing; or are We?
Many were surprised when the Trump Mideast Peace team announced its so-called economic workshop would be held in Bahrain.
08/06/2019
Bond yields soften on account of global trade tensions amid Fed rate cuts
Policymakers in their statement said they would "continue to monitor" incoming data and would act as needed to support the economy.
08/06/2019
Banks to close Saturday marking Arafat day
Separately, the Central Bank of Kuwait announced yesterday the issuance of a total of KD 240 million ($792 million).
08/06/2019
UAE billionaire warns of capital flight
Last week, the US global hotel data provider, STR, said that Dubai’s hotels’ occupancy had reached its lowest since 2009 during the second quarter of 2019.
08/05/2019
RAKBANK partners with City Properties Real Estate to offer property management and monitoring services to business banking customers
The MOU will offer RAKBANK Business Banking customers property management and portal services on preferential terms
08/05/2019
Ajman University, Noor Bank launch Noor Fund to promote Islamic banking, finance
Noor Fund for Educational Solidarity (Noor Fund) that provides, in perpetuity, an endowed professorship and four scholarships in Islamic Banking and Finance at the College of Business Administration of AU
08/05/2019
Global sukuk issuances up 5.5% in 2018
The steady issuance volume is due to sovereign sukuk issuances from Asia, GCC countries and Africa
08/05/2019
Rate cut to support credit growth across GCC
Lower interest rates and softer dollar to attract fund flows into the region
08/02/2019
Loans get cheaper in UAE
The central banks in Saudi and Bahrain also followed Fed's decision, cutting their rates by the same margin.
08/02/2019
UAE bourses join global sell-off as Fed turns a hawk
The US Fed cut its Fed fund rates by 25 basis points, calling it a mid-cycle adjustment