03/08/2019
Banker stands trial for embezzling Dh306k from customer's account
The case was registered at Bur Dubai police station.
Legal, Tax, Regulation & Compliance
03/07/2019
DFSA Restricts Former Relationship Manager
The firm did not know about Mr Mukherjee’s misconduct at the time it occurred and took appropriate action after discovering it, including informing the DFSA.
03/07/2019
Dubai International Financial Centre reaches new heights as it enters 15th year of operations
The Centre is home to the largest cluster of financial institutions and most diverse pool of financial talent in the MEASA region.
03/07/2019
Saudi Arabia said to mull raising tax on local banks
Sources say Gulf kingdom is considering plans to increase an Islamic tax paid by local banks to as much as 20%
03/06/2019
UAE Inheritance Framework Under Shariah Law
The law of inheritance in UAE is extensive and accommodate everyone irrespective of their religion and nationality.
03/06/2019
Middle East: The battle for regional dominance resumes
For nearly two decades Dubai has acted as the beating heart of Middle Eastern finance, but now its long-dormant rivals are mounting successful efforts to reclaim a piece of the action.
03/06/2019
DIFC's net profit soars to record Dh323 million in 2018 as more firms set up in Dubai's financial freezone
Financial services freezone's profit highest in history
03/06/2019
Middle East: Banking in an age of conflict
Civil war was then raging in Lebanon, and Beirut was split between warring factions.
03/06/2019
UAE bankruptcy law in effect: First firm restructured successfully
UAE bankruptcy law in effect: First firm restructured successfully
03/06/2019
Turkey expands Islamic banking sector, strives to become a regional hub
The share was up from $30.2bn, or 4.9%, in 2017, which translates into year-on-year growth of around 29%.
03/05/2019
Abu Dhabi's ADGM invites applications for its regulatory sandbox
Financial centre encourages financial technology and regulatory technology companies to apply in the fourth edition of Reglab
03/05/2019
Bahrain Economic Development Board announces the launch of Beehive Bahrain
Launch will unlock new opportunities for start-up's and investors in Bahrain and across the region
03/05/2019
EU and Qatar sign open skies accord
The ministry said it was the first such agreement between the EU and a Gulf Cooperation Council state, of which Qatar is one of six members.
03/04/2019
Abu Dhabi Global Market updates anti-money laundering rules
Abu Dhabi's financial freezone, the Abu Dhabi Global Market, has begun a public consultation on changes to its rules for tackling money laundering; terrorist financing and proliferation, and the financing of unlawful organisations.
03/04/2019
DFSA Publishes its Business Plan 2019/2020
The strategic themes set out for the next two years are; Delivery, Sustainability, Engagement and Innovation.
03/04/2019
New legal practice launched
Two well-established UAE law practices have partnered to create a new law firm, offering independent legal solutions to businesses in Abu Dhabi and beyond
03/04/2019
Dubai regulator says Abraaj collapse may spur oversight changes
Dubai-based Abraaj was the largest buyout fund in the Middle East and North Africa until it collapsed last year
03/04/2019
EU set to remove Saudi Arabia from blacklist
Some governments opposed adopting the provisional list on Thursday, triggering a process that could lead to it being delayed or withdrawn, the diplomats said.
03/04/2019
40% UK Inheritance Tax: What Omani Investor must know
As the shares of the company were not located in the UK they were considered to be excluded property and not within the scope (unless the individual was deemed domiciled in the UK through years of UK residence).
03/04/2019
Egypt publishes framework of Sovereign Wealth Fund
The decree requires the SWF to ensure its investment policy is consistent with top notch environmental and social responsibility as well as governance practices.