08/18/2019
Standard Chartered faces £10m Treasury fine
The Office of Financial Sanctions Implementation has notified the Liverpool FC sponsor of the proposed fine, Sky News learns.
Legal, Tax, Regulation & Compliance
08/18/2019
Lebanon's Central Bank Governor Was Just Awarded Among the Best in the World
Standing out again the best, Riad Salameh received the award for the fourth time!
08/16/2019
Dubai International Financial Centre the End to End of Service Gratuity
It is anticipated that employers and employees will be able to set a risk profile for their investments with the DEWS scheme administrator.
08/16/2019
Qatar’s Islamic finance sector to get central regulation; profitability remains high
The QCB — according to its Financial Stability Review for 2018 — said that measures were in place to establish a centralised Shariah supervisory body and create Shariah standards to govern Islamic banking products and transactions.
08/16/2019
DIFC - the End to End of Service Gratuity
It is anticipated that outside of the DEWS, employers will be able to establish their own qualifying schemes, the rules of which are yet to be fully announced.
08/15/2019
CBB issues rules for insurance aggregators
The Central Bank of Bahrain yesterday said it has become one of few central banks to have introduced rules relating to insurance
08/15/2019
CBK honors MoF regulations in bid to combat tax evasion.
The CBK had stressed on the need to send financial statements and data related to citizens and residents to provide the Ministry of Finance with the required information and data on time.
08/15/2019
Prosecutors add fraud charges to former Barclays executives accused in Qatar case
the UK’s Serious Fraud Office has included charges of actual fraud to the existing counts of conspiracy to defraud against the men
08/15/2019
Qatar says economic growth to accelerate in 2019-2020
The budget surplus will fall to 4.35 billion riyals ($1.20 billion) in 2019, from a surplus of 15.1 billion riyals in 2018, as spending on major projects will rise by 15%, the bank said.
08/15/2019
UAE's The First Group eyes expansion after $135m sukuk deal
Shuaa Capital announces five-year sukuk for The First Group, a UAE-based property and hospitality developer
08/14/2019
The Advantages of The Taxation Regimes in The Middle East
So, if you want to operate in the Middle East, setting up a business in Qatar can prove to be quite advantageous.
08/14/2019
DFSA signs an MoU with the Central Bank of Egypt
The Dubai Financial Services Authority has signed an MoU with the Central Bank of Egypt to enhance cooperation between the two institutions
08/14/2019
How to make the best of your financial situation in the UAE
The first question you should ask yourself is whether your relocation package provides enough extras for your preferred lifestyle.
08/14/2019
Emerging Markets Turkey purges central bank as nine top officials are sidelined
At least nine senior figures, including the chief economist, Hakan Kara, were told that they were being moved to other roles.
08/13/2019
QCB key policy rate gone up 100 basis points in 2018 following Fed hike
The impact of change in interest rate on credit was mixed for the various maturity bucket.
08/13/2019
Oman, the ‘Switzerland of the Middle East’, is about to find itself in troubled waters over its refusal to take sides
The country’s position as mediator has been pushed to the limits with a crisis unfurling in its backyard: the strategic Strait of Hormuz
08/13/2019
VAT q&a: 'What is the penalty for not submitting a tax return on time?'
The Dubai reader is concerned about a client who will deliver the document late
08/12/2019
UAE shuts down 115 websites, social media accounts
In May this year, the UAE's Telecommunications Regulatory Authority also blocked 267 websites for fraud.
08/12/2019
Qatar- Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB
Taking advantage of government push for the SME sector development, banks are also focusing on credit to small and medium-sized enterprises, especially for agriculture, livestock and fisheries.
08/12/2019
Expat in the UAE? Ask yourself these financial questions
It's important to know the rules where you're based to prevent any unwanted hassles