Legal, Tax, Regulation & Compliance

09/23/2019

Saudi oil struck, Fed cuts rates and China slows

The global economy is chugging along, but the picture from the US is mixed and China continues to slow down, meaning that investors need to think very carefully about how they position portfolios.

09/23/2019

ECB's monetary stimulus to continue, says QNB report

They included a cut in policy rates, the reinstitution of large scale net asset purchases or quantitative easing, more attractive 'targeted longer-term refinancing operations for banks, and stronger forward guidance signs to investors.

09/23/2019

Corporate tax rate cut will boost investment

To prevent the economy from further decline, a strong stimulus in the form of a corporate tax cut for all domestic companies from 34.9 per cent to 22 per cent (without exemptions and incentives) has been announced by the Finance Minister.

09/23/2019

5.1 million employed in private sector by end of Q2 2019

The rise in employment rate during Q2 was the result of the increase in the real estate sector and in other business platforms, which include the agricultural, mining, hotels and restaurants, financial intermediation, education and health.

09/23/2019

UAE govt spending tops $32 billion in Q1

"Moreover, capital spending, measured by the net acquisition of non-financial assets, rose Y-o-Y by 94.1 percent, reaching Dh13.1 billion. As a result, the Net Operating Balance registered a deficit of Dh 1.2 billion in 2019 Q1 compared to Dh10.4 bil

09/20/2019

Win for Dubai Bank as land firm’s appeal dismissed

Appellate judges Alnashir Visram, Gatembu Kairu and Agnes Murgor said they were in agreement with the High Court’s decision that Kwanza Estates Ltd’s request for the judgment was not only premature but irregular.