02/13/2019
UAE regulator drafts commissions cap
The ruling - while only a draft at this stage - could see a large number of financial advisers within the region forced to take a dramatic cut in earnings or potentially move to a fee-based model.
Legal, Tax, Regulation & Compliance
02/13/2019
World Bank to Establish its UAE Office in Abu Dhabi Global Market
The agreement was signed by Issam Abousleiman, Country Director for the GCC countries, World Bank Group and Khalid Al Suwaidi, Chief Operating Officer, ADGM.
02/13/2019
More deals signed as Jordan, Kuwait wrap up joint panel meetings
The two sides signed 17 agreements, memoranda of understanding and executive programmes in various fields to enhance cooperation.
02/12/2019
Supermodel’s Tax Fight Helps Prompt Israel to Redefine Residency
Trust Bloomberg Tax for the international news and analysis to navigate the complex tax treaty networks and global business regulations.
02/12/2019
John Varley faced walking ‘the plank’ if Qatar rescue had failed
Barclays fraud trial hears replay of senior executive speculation on CEO’s fate
02/12/2019
Morgan Lewis to open office in Abu Dhabi
The firm will open an office in Abu Dhabi on March 1 as its 31st office worldwide, adding to the firm’s existing strengths in Dubai.
02/12/2019
Saudi banking regulator launches regulatory sandbox to test FinTech
The initiative will help the Saudi Arabian Monetary Authority understand and assess the impact of new technologies on the financial services market
02/12/2019
Bank interest and dividends outside the scope of VAT: UAE Federal Tax Authority
H.E. Khalid Al Bustani: The UAE's tax system stands out for its transparency and accuracy and takes into account the establishing of an environment that facilitates efficient and smooth business operations.
02/11/2019
Qatari media tiptoes around reporting of Hamad bin Jassim, Barclays scandal
Al Jazeera reported that the bankers used side deals to “induce” the Qataris to invest, in a desperate attempt to keep the bank afloat
02/11/2019
Caribbean citizenship dreams in jeopardy?
Allegations of fraud fly thick as hundreds of applicants from GCC seek second passports
02/11/2019
CBE says 1st phase of export risk guarantee company completed
The project reflects keenness of the CBE to create a favourable climate for Egyptian businessmen to invest in Africa, and to ease trade exchange between Egypt and African countries, she added.
02/11/2019
All You Need to Know About the Global Legal Services
The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
02/09/2019
Regulations for banks, financial services firms need fine-tuning
Volker rule lacks clarity in its basic assumptions
02/08/2019
Loans just got cheaper in India as RBI cuts repo rate
Landmark move may drive increased lending within the economy
02/08/2019
Barclays banker made Qatar PM wait – so as not to look desperate, court hears
Barclays received £12 billion in emergency funds from mainly Gulf investors during the 2008 crisis.
02/07/2019
Central Bank of Kuwait to appoint independent Shari’ah Supervisory Board
The Central Bank Kuwait’s supervisory decisions on the Islamic banking sector will be subject to this committee to ensure compliance.
02/06/2019
UAE releases $496 million frozen funds, ending Kuwait dispute
Most of the $496 million in the fund’s account had been wired out on Tuesday to Port Fund’s investors, including to the Kuwaiti government entities, Williams said.
02/06/2019
Treasury to take over Turkey’s largest listed bank, Erdogan says
The main opposition party CHP holds about 28% of Isbank’s shares
02/05/2019
Islamic-Compliant Cryptocurrency Exchange Certified
Rain aims to enable family offices, investors and Islamic institutional investors to buy, sell and store cryptocurrency in an Islamic-compliant way.
02/05/2019
Saudi Arabia spearheads GCC investments in 2019
There are some challenges from 2018 which will make the transition into 2019.