07/09/2019
UAE banking system has sufficient capitalisation and liquidity reserves, says Central Bank
A new report from the UAE's Central Bank found that lending growth slowed during 2018 when compared to the previous year
Legal, Tax, Regulation & Compliance
07/09/2019
EFF to mobilise around $38.6 billion financing over three years: IMF
The first 12 months are fully financed with the expected support from multilateral development banks and bilateral creditors
07/08/2019
UAE acts for transparency in tax, financial reporting
What do new annual compliance requirements for entities carrying out 'relevant activities' mean for firms?
07/08/2019
Creating a future through sustainable financing
There is a growing international consensus that sustainability considerations must be at the forefront of all decision making, as our medium to long term wellbeing depends on a healthy environment supported by sustainable economic and social development.
07/08/2019
UAE banking system strong: Central Bank
Financial Stability Report 2018 finds banks liquid and well capitalised
07/08/2019
Aafaq Islamic Finance expands its finance products, launches unique Sharia-compliant credit cards
Aafaq Islamic Finance's expansion in the retail business complements the growing demand for Islamic banking products in the UAE
07/08/2019
ADGM wins international recognition
The FSRA legal team was awarded the “Middle East In-House Legal Team of the year 2019”, “In-House Community Legal Team of the Year 2019 on Banking”, and “In-House Community Legal Team of the Year 2019 on Innovation”.
07/08/2019
Bank of Sharjah given green light to increase debt programme to $1.5bn
The lender also received approval to issue tier-1 bonds subject to approval by authorities
07/08/2019
UAE acts for transparency in tax, financial reporting
The OECD's BEPS project, endorsed by the G20 countries, was commissioned with a view to bringing more substance, coherence and transparency to the international taxation system
07/05/2019
Princess Haya Bint al-Hussein: The Dubai royal 'hiding in London'
The current ruler of Jordan, King Abdullah II, is her half-brother.
07/05/2019
Qatar financial regulator fines and bans directors of Guardian Wealth
The action taken by the Regulatory Authority emphasises the standards required of directors of authorised firms to ensure effective governance standards, systems and controls.
07/04/2019
Expat tycoons welcome UAE's new investment policy
The sectors include agriculture, manufacturing, renewable energy, e-commerce, transportation, arts, construction, entertainment among others," Sheikh Mohammed tweeted.
07/04/2019
Jared Kushner’s ‘deal of the century’ fails in Bahrain
Among the Arab countries, Saudi Arabia, the United Arab Emirates and Qatar have all reportedly signed up to attend the conference, while U.S. officials announced that Egypt, Jordan and Morocco also participated. Kuwait and Oman did not attend.
07/04/2019
Qatar central bank says sells 600 million riyals of t-bills
100 million worth of nine-month t-bills were sold at 2.23%
07/04/2019
Foreigners can now have 100% ownership in 13 sectors in the UAE
The UAE is a growing global business hub.
07/03/2019
Investments of UAE banks in Saudi Arabia and Egypt exceed $24 billion
The United Kingdom holds the largest share of investments from UAE banks and their subsidiaries
07/03/2019
UAE approves 13 sectors eligible for up to 100% foreign ownership in bid to spur investment
The UAE cabinet has approved 122 economic activities across 13 sectors eligible for up to 100 percent foreign ownership.
07/03/2019
Swiss FINSA and what it means to Middle East investors
The new provisions will apply to the financial institutions providing financial services, but also to their employees, directly.
07/03/2019
Trial starts for Franco-Israeli man accused in carbon credits scam
Stephane Alzraa, who was extradited from Israel, charged with organized fraud, aggravated money laundering and criminal conspiracy in $57 million scheme
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.