07/03/2019
Tax Regulation In The GCC
The main objectives for the formation of GCC countries are for the common currency, common market and customs union which was set forth by the GCC supreme council.
Legal, Tax, Regulation & Compliance
07/03/2019
Brexit: Investments in the UK by UAE banks surges 23% to $16.6bn
United Kingdom is the fastest growing market for UAE lenders
07/02/2019
Atlas Wealth Management expands to Dubai with DIFC office
"The new office in Dubai is a testament to our commitment to the Australian diaspora when it comes to providing them world class financial advice" said James Ridley, managing director, APAC.
07/02/2019
Oman Faces Cash Crunch Amid US-Iran Tensions
Oman faces a serious cash squeeze due in part to factors beyond its control and in part to factors of its own making.
07/02/2019
CBE confirms strength of banks' financial positions by end of 1st quarter of this year
The CBE noted that the LDR in local currency reached 40.1% in March 2019, from 39.3% in December 2018.
07/02/2019
United Arab Emirates: Debt Recovery In UAE
"If you would know the value of money try to borrow some."- Benjamin Franklin
07/02/2019
UAE's Ajman Bank says it arranged $275 mln loan for Pakistan
The Pakistani government last month signed a $375 million syndicated loan with UAE banks which included conventional and Islamic tranches.
07/02/2019
DIFC law revamp came after 'a long and hard look over years', says chief legal officer
Jacques Visser explains why the financial hub revised its employment and insolvency laws and the gratuity payment
07/02/2019
DFSA accepts four FinTech firms into its 2019 regulatory sandbox Summer Cohort
The successful firms intend to engage in equity crowdfunding with tokenisation of the equities, the operation of a blockchain-enabled property crowdfunding platform, and the facilitation of blockchain-enabled supply chain financing.
07/01/2019
Pakistan signs $375 million syndicated loan with UAE banks
The transaction was anchored and arranged by Commercial Bank of Dubai, Emirates NBD Bank, Noor Bank, Dubai Islamic Bank, Mashreqbank and Sharjah Islamic Bank.
07/01/2019
DFSA signs MoU with Smart Dubai
As per the MoU, the DFSA and Smart Dubai will work together to empower, deliver, and promote an efficient, seamless, safe, and impactful experience for residents by drawing on technology innovation.
07/01/2019
Abraaj investigation is 'well resourced', says Dubai's financial regulator
Although Abraaj Group founder has been released on bail, the DFSA will continue its investigation into the case
07/01/2019
Saudi central bank studying license requests for two new banks: SAMA governor
Saudi Arabia’s central bank is reviewing license requests for two new Saudi banks, Saudi Arabian Monetary Authority (SAMA) Governor Ahmed al-Kholifey said in an interview with Al Arabiya TV on Sunday, without providing any further details.
07/01/2019
Old banknotes will not be valid after one month: Central Bank of Oman
The CBO announced that it has set a period of one month to replace expired banknotes.
07/01/2019
Baker + McKenzie Add 81 New Partners – Bring Global Total to 1550
This year women make up almost 40% of the newly promoted cohort of 81 partners; a market-leading number for any law firm.
07/01/2019
Saudi's Amaala resort to attract millionaires with special regulatory structure
Farah Zafar, chief legal officer at the Public Investment Fund KSA, said: "We're probably targeting the top 2.5 million ultra-high net worth individual luxury travellers to Amaala
07/01/2019
World Bank offers $1bn tech boost to Jordan, Lebanon and Iraq
Network of private sector, governments and universities will work together in these countries to provide digital skills
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
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.