04/16/2019
Abu Dhabi Global Market enacts enhanced anti-money laundering regime
The enhancements follow a period of public consultation, where the proposed enhancements received supportive public feedback.
Legal, Tax, Regulation & Compliance
04/15/2019
Sunbed boss ‘linked to £8bn fraud that helped bin Laden’
The alleged kingpin fled Scotland. His trail can be followed to Pakistan, so why is he not on the taxman’s ‘most wanted’ list?
04/15/2019
UAE and Korea renew 2013 swap agreement
A cross currency swap allows two countries to exchange payments in one currency for an equivalent amount in the other to facilitate trade transactions and offer liquidity support to financial markets.
04/15/2019
Expats warned about breaching tax allowance
People working for oil and gas companies could be the most at risk, Mr Ball warned.
04/14/2019
World has confidence in Egypt's economy, Inflation fell to less than 10%.: CBE Governor
The CBE governor said that Egypt is adopting liberal policies in light of the country's aim to boost economic growth via depending on various funding sources and not only the domestic savings.
04/11/2019
Invest Bank shareholders approve Sharjah's majority stake - sources
The sources, including shareholders attending the meeting in Sharjah, declined to be identified.
04/11/2019
Dubai regulator sets up unit to assess digital and financial risk
DFSA intensifying fight against fincrime ahead of review this summer, CEO says
04/11/2019
Dubai reinforces commitment to boosting ties with Latin American and Caribbean markets
In his welcome remarks, H.E. Al Ghurair stated: “Hosting this event in Panama is not only practical but also a symbol of the deepening relations between our two countries.
04/10/2019
Gulf Banks Cut Deals To Speed Growth
The larger lending institutions benefit Gulf governments by attracting foreign investors to finance their megaprojects.
04/10/2019
Bahrain: Proving Ground
Bahrain is nurturing its fintech sector with agile and progressive regulation, seeking to build a strong regional hub for innovation.
04/10/2019
Trade between GCC, Latin America hit $16.3b in 2018
UAE accounts for lion’s share of GCC exports and imports from LAC nations
04/10/2019
Standard Chartered fined $1.1bn for money-laundering and sanctions breaches
Settlements with US and UK authorities force bank to take hit in first-quarter results
04/10/2019
Bahrain Announces Special Programme for 100 Arab Start-Ups
The structured programme will allow start-ups to rapidly scale up their businesses and access a broader spectrum of support in Bahrain.
04/10/2019
FCA backs adviser's pension transfer intervention
DFSA needs better communication and scrutiny of risky companies, chief executive Bryan Stirewalt says
04/09/2019
Qatar sues Gulf foes over alleged currency manipulation
First Abu Dhabi Bank is the largest lender in the UAE while Samba is one of the leading banks in Saudi Arabia.
04/08/2019
Finastra and Mashreq Bank team up to rethink the future of corporate banking
Industry experts and corporates come together to discuss corporate banking challenges and how best to tackle them
04/08/2019
Double taxation agreement between the UAE and Saudi Arabia comes into effect
The agreement enhances integration and cooperation frameworks in tax matters
04/07/2019
FDI law to boost investment in UAE by 20pc
High-level representatives from the country are expected to present the key provisions of the law before a global audience alongside other factors that make the Emirates a preferred FDI destination in the Arab region.
04/07/2019
Shifting economic trends drive M&A across the GCC
Growth in banking assets is linked to regional GDP and moves largely in tandem with oil prices.
04/05/2019
Regulation of interest eyed
Addressing the governor of the Central Bank of Kuwait, he stressed the need for the governor to exercise his authority on local banks considering they have no right over these funds.