05/22/2019
Andersen Global Signs First Agreement in Bahrain
The environment in Bahrain is changing, especially with the implementation of VAT earlier this year.
Legal, Tax, Regulation & Compliance
05/22/2019
Deloitte: Construction Hitches in the GCC Lead to Calls for Positive Change
Market participants are eager to see positive change in the industry – not least through more-balanced contractual relationships.
05/22/2019
UK minister for Middle East hails Egypt’s economic reforms
Murrison and Adel also tackled developments and escalations in the Middle East during their meeting.
05/22/2019
Saudi court accepts AHAB's bankruptcy filing, rejects liquidation - sources
The bankruptcy filing was seen as a key test of Saudi Arabia's new law for handling insolvency disputes
05/21/2019
DCI sleuths in Dubai, Kenya late loan payments, Handshake kills NGOs: Your Breakfast Briefing
The stories making headlines in the Star this morning.
05/21/2019
How Will Brexit Affect the Middle East and North Africa?
A few days before the referendum in 2016, Global Risk Insights published a list of four effects of Brexit on the Middle East and North Africa.
05/21/2019
Afghanistan closes Iran-backed bank, citing regulatory violations
Arian Bank was one of more than 50 Iranian banks hit with US sanctions in November
05/21/2019
How Latin American trade with UAE will be enabled by Panama
Faced with unpredictable markets closer to home, businesses in Dubai are setting their sights on faraway Latin America
05/21/2019
Palestinian businessmen reject invite to US ‘peace’ workshop in Bahrain
Palestinian businessman Ibrahim Barham said he has received an invitation to participate in the workshop, adding that he will not participate without a national decision.
05/20/2019
Saudi Arabia fines 16 banks, including UAE bank
The regulator said the decision will also ensure fairness and competitiveness of financiers and to maintain efficiency of procedures and mechanism in this regard.
05/20/2019
UAE gov't proposes end-of-service employee fund for expats
Under the current system, employees leaving a UAE-based organisation receive a gratuity payment after completing a minimum of one year of service.
05/20/2019
ADNIC partners with FAB to offer customers new payment options
The secure, low-cost tool will help to streamline payment collection and provide customers with a convenient alternative to cash.
05/20/2019
KIB mulls $300 million Sukuk issuance
The lender stated that the issuance will assist in adhering to its capital and long term liquidity regulatory requirements.
05/20/2019
Kuwait- 'Vital to raise levels of cash in ATM machines'
The CBK has agreed with the banks that in order to enhance confidence in the stability of the banking system, it is important to raise the levels of cash in the ATM machines, in order to enhance the confidence of dealers in Kuwait, especially in light of
05/20/2019
UAE consumers increasingly trust digital payments over cash, according to latest Visa-DED security survey
Formerly known as 'Security Week,' Visa's 'Stay Secure' campaign in partnership with Dubai DED, now in its fourth year, promotes safe card usage of digital payments
05/20/2019
Qatari banks face growing risks from real estate downturn, says Fitch
Qatar has since moved to liberalize its real estate sector, opening up new areas to foreign buying in a bid to boost demand.
05/20/2019
Invest Bank shareholders approve continuation of lender despite losses
Sharjah bank's losses are about half of its subscribed capital of Dh3.18 billion
05/20/2019
Dubai’s Jebel Ali freezone waives Dhs35m in fines
Jafza said the move supports the UAE’s designation of 2019 as the ‘Year of Tolerance’
05/19/2019
Saudis deposit $250m in Sudan’s central bank
UAE said on April 28 it was depositing $250m
05/17/2019
How Cryptocurrencies are Regulated in the Middle East
Some significant events in 2018 had turned global attention to the Middle East in regards to cryptocurrency development.