01/08/2019
The Fry Group receives rubber stamp for Dubai business
The firm plans to use Dubai as a platform to offer its services in the local market and across the wider Gulf region.
Legal, Tax, Regulation & Compliance
01/08/2019
UAE bank bailout points to restructuring, mergers
After two of the UAE's biggest lenders, First Gulf Bank and National Bank of Abu Dhabi, merged in 2017 to become First Abu Dhabi Bank
01/08/2019
Qatar establishes General Tax Authority
GTA has been established as a separate entity, under the supervision of the Ministry of Finance, and is in line with Qatar’s plans to reduce the country’s dependence on hydrocarbon resources.
01/08/2019
DFSA regulatory accepts seven new firms to apply for an Innovation Testing Licence
The Innovation Testing Licence forms part of the DFSA’s commitment to support innovation and the development of financial technology.
01/08/2019
Mohammed Bin Rashid Approves DIFC’s New Expansion Plan
His Highness said that developing the financial sector is a priority that supports the economic future of Dubai
01/08/2019
No more chauffeur service for these Emirates passengers
Decision has been taken after careful review of customer feedback and operational considerations.
01/08/2019
Dubai waives bank guarantee requirement for tourism firms, to issue Dh250 million in refunds
Dubai scraps requirement for companies to set up bank guarantees
01/07/2019
Turkey’s bank regulator to take over debts of football clubs
The BDDK gave the football clubs one month time to prepare their balance sheets in order to plan the debt restructuring.
01/06/2019
Investors aghast after jailed CEO denies taking money from them
Nowhera Shaik rejects accusations she collected funds from outside India
01/04/2019
More changes to UAE residency laws expected, says Al Mulla
Investors will also demand further activities to be subject to foreign ownership exemptions, said the chairman of Baker McKenzie Habib Al Mulla
01/04/2019
Tough draw for Banks and Financial Institutions League
The draw was also attended by representatives of the participating teams from the banking and financial sector and a number of media outlets.
01/04/2019
Israel Approves CRS Tax Regulations, With a Caveat
Israel's parliamentary finance committee approved on Tuesday a series of statutes that will make life a lot harder for tax evaders in the country. Philanthropic Jewish orthodox community lending institutes will be exempted
01/03/2019
Dispute Over $500M Frozen In Dubai Inches Towards Resolution, As Kuwaiti Emir Watches From Sidelines
The funds were frozen in November 2017 while passing through Noor Bank in Dubai after the Kuwaiti authorities said the money was linked to a dispute involving allegations of embezzlement by senior executives at The Port Fund
01/03/2019
New 100% investment law redefines UAE's business landscape
Among a spate of path-breaking reforms aimed at fuelling economic growth.
01/02/2019
HSBC Turkey CEO being probed for 2013 Erdoğan retweet
A retweet of a portion of a movie about Hitler’s downfall may see the CEO jailed, as insulting the Turkish president is a crime
01/02/2019
UAE banks 'pumped $24bn into Saudi Arabia, Egypt'
The UAE's banking system is the largest in terms of assets in the Middle East and North Africa.
01/02/2019
UAE begins implementing 10-year visa for expats
Investors will be eligible for a five or 10-year residency visa depending on the size of their investment in the UAE.
12/31/2018
Ex Barclays boss John Varley among four of the bank's former executives facing £6bn Qatar corruption trial
It has been claimed the men conspired to illegally lend money to Qatari investors, who then used it to buy Barclays shares that propped up the bank during the financial crisis.
12/27/2018
UAE expat poll shows dissatisfaction with financial advice
The region’s expat financial advisory industry is facing a raft of government reforms to the way they work
12/27/2018
IIA takes a fresh look at risk management model
The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.