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
Legal, Tax, Regulation & Compliance
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.
06/28/2019
Andersen Name Premieres in Kuwait
Andersen Tax in Kuwait will continue providing accounting and corporate secretarial services to individuals and corporations in a wide range of industries.
06/28/2019
The Qatari investment
The conspicuous absence of a joint communiqué, a norm for such high-level visits was, to say the least, most intriguing.
06/27/2019
ADFG and SHUAA Agree Transformational Transaction, Creating a Regional Financial Services Powerhouse
The Transaction has been approved by SHUAA's Board of Directors.
06/27/2019
UAE VAT collections at $7.4 billion in 2018
The addition of a new revenue source is also important for the federal government.
06/27/2019
Oman's Ominvest unit acquires stake in EastBridge to expand in SE Asia
Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the South East Asia market.
06/27/2019
Invest Abu Dhabi launches new AM firm with MENA focus
Yazan Abdeen, CEO and portfolio manager at ADIM added "As a specialized asset management boutique focused on MENA equitIes ADIM is well-equipped to cater to the diversified investment needs of its clients.
06/27/2019
Eight initiatives to boost growth and diversification in Abu Dhabi
The biggest impact immediately will likely come from the credit scheme guarantees
06/27/2019
Iran central bank: U.S. sanctions aren't harming oil exports
"The Americans have done whatever they could with the sanctions, but the embargoes have no more use."
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Untaxed money in accounts in Switzerland has been a target for foreign governments for years
06/27/2019
UAE Central Bank reforms reporting of non-performing loans
Under previous reporting methodology, non-performing loans were overstated
06/27/2019
Israel seeks Swiss help in overseas tax crackdown
Thousands of Israelis have disclosed foreign accounts containing billions of dollars under a government amnesty programme in recent years, as they sought to avoid prosecution in a crackdown on unreported capital.