02/22/2019
Bahrain's $10bn fiscal stability package has boosted confidence, says central bank governor
Near zero long term loans place the kingdom in a better position to manage its fiscal deficit and debt
Legal, Tax, Regulation & Compliance
02/22/2019
Abu Dhabi Global Market updates anti-money laundering rules
"The changes proposed by the ADGM represent an important step forward in the fight against money laundering and the financing of terrorism in the freezone," she said.
02/22/2019
Bahrain to allow companies using cryptocurrencies to work in the country on a trial basis
Bahrain will allow 28 companies using cryptocurrency to work in the country within a regulatory sandbox.
02/22/2019
Your taxes OECD proposals for a digitized economy
Taxation based on marketing intangibles may reflect, for example, trademarks, trade names, customer lists, customer relationships, proprietary marketing and customer data.
02/22/2019
Saudi Arabia Monetary Authority updates banking licensing guidelines
SAMA intends to carry out a public consultation on updating its rules for opening bank accounts and the general rules for their operation in commercial banks in the KSA soon, its governor has said.
02/21/2019
Dubai’s DIFC Courts sees value of claims rise sharply in 2018
The total volume of cases increased by 29 per cent year-on-year to 670 across all divisions
02/21/2019
Updated anti-money laundering laws in UAE to face some challenges
Some gaps need to be filled, particularly in data sharing
02/21/2019
Abraaj close to selling major assets
Abraaj’s largest creditor, Kuwait’s Public Institution for Social Security, has filed a petition in the Grand Court for the company’s Cayman entities – Abraaj Holdings and Abraaj Investment Management Ltd.
02/20/2019
Has VAT been a taxing experience?
VAT regimes require consistent investment from the government to ensure full compliance
02/20/2019
Qatar-Germany bilateral ties gain momentum
Several important agreements were signed during the session, including one relating to the establishment of the Qatari-German Businessmen Council, which will play a key role in bolstering joint efforts to develop strategic bilateral cooperation.
02/20/2019
Dubai, Haven for Organized Crime?
The emirate is one of the financial markets, where many financial service providers opened offices.
02/20/2019
Gulf Air discusses business cooperation with Al Baraka Banking Group
Membership also provides full access to our Analysis Reports, in-depth Research Publications and comprehensive Data Centre.
02/20/2019
Portugal's 'golden visas' generating wide interest in Middle East
Eurico Brilhante Dias, Portugal’s secretary of state for internationalisation, also spoke about Brexit, building up trade and visa-free travel
02/19/2019
The new UAE Central Bank law
The New Central Bank Law reconfirms the UAE Central Bank
02/19/2019
Bahrain power firm closes $1.3bn refinancing deal
Al Dur Power & Water Company announces successful closure of a refinancing facility provided by a syndicate of 20 banks
02/19/2019
The New Anti-Money Laundering Law
The new law requires that the financial institutions, businesses and professionals continuously perfor
02/19/2019
United Arab Emirates: Are You Criminally Liable For Bounced Cheque?
On the other hand, a bounced cheque is also known as a dishonoured cheque
02/19/2019
Deadline approaching on Bahrain robo advice consultation
The draft rules set out in the consultation place an obligation on firms to record the extent of any client profiling
02/19/2019
Bank manager in Dubai fakes signature, embezzles Dh10 million
The accused abused his post to embezzle the huge amount.
02/19/2019
UAE Central Bank Announces M1 Increased To AED486 Billion
M3 mainly rose due to an AED3.7 billion increase in Government Deposits and an increased M1, overriding the reduction in M2.