11/22/2018
Bahrain signs key business deals with China
The parties also attended the Bahrain – Hebei Business Forum to discuss opportunities and strengthen cooperation.
Legal, Tax, Regulation & Compliance
11/22/2018
CFA Institute and the Middle East Investor Relations Association sign an MoU
The collaboration between CFA Institute and MEIRA underscores the mutual commitment of both organisations to contribute to improve the communication of the Middle Eastern companies
11/21/2018
In Dubai, U.S. Sanctions Pressure Historic Business Ties With Iran
The deteriorating bank ties also threaten a larger re-export trade of other countries' goods to Iran through Dubai's ports and airports
11/21/2018
UAE, Jordan sign $100m agreement to support entrepreneurs
New agreement is aimed at financing micro, small and medium-sized enterprises in Jordan
11/21/2018
The GCC’s pension systems are ripe for reform
These generous policies for the local populations now face a key problem: how to ensure they remain sustainable in the long-term.
11/21/2018
UAE's Senaat hires banks for planned sukuk -document
The industrial group is planning a 5- to 7-year tenor fixed-rate U.S. dollar-denominated senior unsecured sukuk under their $3 billion Trust Certificate Issuance Programme, subject to market conditions.
11/21/2018
World Bank calls for ‘moonshot’ approach to Middle East economy
A new economy really is needed in MENA.
11/20/2018
$1bn received from Saudi Arabia: State Bank of Pakistan
The new government has been struggling to plug the big hole on the external front as the current account deficit reached record $18bn in FY18.
11/20/2018
Jordan’s Parliament Approves Amendments to Income Tax Law
Under the existing law, the figure is JD24,000 for households with JD4,000 in exemptions on VAT medical and educational receipts and invoices and JD12,000 for individuals.
11/20/2018
Qatar to implement mandatory IR framework from October 2019
For some (listed constituents), this (the new framework) will be just "business as usual’ but for others, they will "undoubtedly" need to pay more attention to the IR function and its resourcing, he said
11/19/2018
Deloitte issues call for common sukuk practices
Inconsistent laws and practices were highlighted in a dispute between UAE-based Dana Gas and its bondholders over the repayment of a $700 million sukuk and whether it still complied with Sharia law.
11/19/2018
Qatar to ride on Big Four Agenda to deepen bilateral ties with Kenya
Even so, the trade balance is still in favor of Qatar, which exported goods worth $54.6 million (Sh5.4 billion) to Kenya in 2015 according to latest figures.
11/19/2018
KPMG suspended in Oman as woes spread from UK to South Africa
The audit firm is already coming under scrutiny in countries such as the UK, South Africa and the UAE.
11/19/2018
Qatar calls for unifying legal system to protect e-banking
Its members include representatives of all ministries and sectors in the country to co-ordinate and co-operate among it to implement policies and plans to provide a high level of information security and contribute to tackling any attempts to hack the ele
11/19/2018
QFBA signs MoU with public accountants group
This MoU entails both the parties to implement joint and specialised training programmes in the fields of accounting, auditing, and other related fields.
11/19/2018
Al Sulaiti Law Firm receives ‘Qatar Law Firm of the Year’ award
This event was a pinnacle for the firm, as it showed how far the firm has come since its founding 15 years ago.
11/19/2018
New laws to boost banking sector in UAE
Chaired by AbdulAziz Al Ghurair, Chairman of the UBF, the BoD commended the recent laws and regulations, and highlighted the positive impact the new laws would have on the banking and financial sector as well as the national economy.
11/18/2018
UAE Banks Federation Welcomes Recent Laws And Regulations
The attendees expressed comfort with the robust performance of the banking sector as reflected in the strong key financial indicators supported by economy growth.
11/18/2018
Central bank's autonomy to set caps on real estate welcomed
"In the past, it was prescribed in the law, so the central bank had no choice but to apply. Today, the Central Bank may say 20 per cent or 10 per cent or 30 per cent overnight," Al Ghurair said.
11/16/2018
Emirates NBD postpones bond issue due to market conditions
Bonds in the Gulf region have been under pressure this month due to lower oil prices and geopolitical concerns, although losses have been limited.