02/27/2019
QIIB’s $500mn sukuk oversubscribed more than 6 times
The issue was priced at a spread of 175 basis points over the 5-year mid swaps carrying fixed coupon of 4.264% per year.
Legal, Tax, Regulation & Compliance
02/27/2019
Heavy cull predicted of ‘unprincipled advisers’ in the UAE
The move is triggered by draft financial regulations to curb mis-selling of investment products
02/27/2019
UAE in ‘urgent’ need of new retirement system, gov’t official
Human Resource department calls for new funds and savings plans to improve end of service system
02/27/2019
Dubai Financial Market Signs MoU With The Dubai Land Department To Streamline Connectivity Through Its Electronic Services Platform
Dubai Financial Market signed Memorandum of Understanding with the judicial arm of the Dubai Land Department, the Rental Disputes Center.
02/27/2019
Abu Dhabi Global Market And ASIC Sign Agreement To Enhance Collaboration
Such partnerships help us to offer our companies and entrepreneurs a robust, innovative and global ecosystem.
02/26/2019
‘Wealth manager’ on trial after collecting money ‘unlawfully’
Mr Al Aamer explained in a statement issued yesterday that the case was initiated when the Anti-corruption, Economic and Electronic Crimes Directorate in the Criminal Investigation Department, received a tip-off about the suspect’s activities.
02/26/2019
Luxury Burj Kadi apartments a superb investment opportunity
Investments are safe and protected as the Landmark Bahrain is registered with RERA now.
02/26/2019
Imran Khan allows Afghan refugees to open bank accounts in Pakistan
Pakistani PM gives instructions to allow refugees to be part of formal economy
02/26/2019
Central Bank of Bahrain finalises rules on cryptocurrencies
New regulatory framework follows publication of draft rules in December
02/24/2019
UAE waives Dh361 million loans of over 3,000 Emiratis
Move aimed at ensuring social stability
02/24/2019
Adnoc inks investment pact with BlackRock and KKR
The transaction will result in upfront proceeds of approximately $4 billion to Adnoc and is expected to close in third quarter 2019, subject to customary closing conditions and all regulatory approvals.
02/24/2019
GCC sovereigns to drive surge sukuk issuance in 2019, 2020
Global government sukuk issuance set for recovery
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
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.