03/26/2018
Eagle Hills Diyar inks deal with Al Baraka
The bank will provide eligible buyers, both Bahrainis, expatriates and GCC nationals
Legal, Tax, Regulation & Compliance
03/26/2018
VAT: What are the regulatory challenges for businesses in UAE, Saudi?
Most local businesses do not have VAT capabilities already built into their IT systems
03/26/2018
UAE replies to ED’s LR details request
Info will help probe against Winsome Diamonds.
03/26/2018
UAE Banks Federation’s Board of Directors Approves Key Initiatives and Priorities for 2018
Building on its impressive performance in 2017, the UAE’s banking sector is expected to keep the momentum this year.
03/26/2018
How Pilatus banker Ali Sadr Hasheminejad played hide-and-seek with the Americans
Ali Sadr Hasheminejad regularly travelled to the United States from Malta. But an investigation into the circumvention of Iran sanctions finally caught up with him, less than a year since his private bank was plunged into a national scandal. We trace the
03/26/2018
Investors take legal action against Dubai financial adviser
The legal action is being pursued in the Dubai Civil Court. According to reports in Abu Dhabi’s The National, one of Grant’s former clients claimed he had taken $115,000 in commission from savings plans with a pension fund in the UK, with an a
03/23/2018
Emirates NBD closes in on Turkey's Denizbank despite Gulf row
Although it still requires approval, the deal is expected to be agreed in “the next few weeks”, one of the sources said.
03/23/2018
Central Bank’s total foreign assets near Dhs339.81b
Currency issued increased from Dhs83.2 billion in January to Dhs84.2 billion in February
03/22/2018
Private sector cutbacks spark the rise of the UAE gig economy for 100,000 workers
Companies look to hire freelancers for special projects rather than pay staff an annual wage
03/22/2018
Malta bank chief held in US over Iran links
Company had been under scrutiny by murdered journalist Daphne Caruana Galizia
03/22/2018
Dubai ruler enacts new laws to boost financial hub
New laws aim to improve Dubai International Financial Centre's private wealth management and succession planning platforms
03/22/2018
UAE banks must justify interbank rates under new system
Under the old method, they did not need to provide such justifications.
03/22/2018
Liquidation date set for Guardian Wealth Management Qatar
Qatar’s International Court has served a notice on Guardian Wealth Management Qatar LLC, setting a hearing date of Tuesday 24 April for the liquidators just over two years after the international adviser firm decided to exit the independent emirate
03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
03/21/2018
FAB granted commercial banking licence in Saudi Arabia
First Abu Dhabi Bank (FAB) has secured a licence from the Saudi Arabia Monetary Authority (SAMA) to establish a commercial banking business in KSA as part of its organic growth strategy.
03/21/2018
Mauritius: Promoting Mauritius International Financial Centre in the Gulf
The delegation includes the Permanent Secretary of the Ministry, the Head of the Financial Services Office of the EDB as well as representatives of private sector operators, management companies and banks.
03/21/2018
With New Law, The UAE Looks To Make Itself An Arbitral Hub
Practitioners have been calling for a more modern arbitration law in the country for years, and draft versions of the law have been circulating for at least a decade.
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/21/2018
Linx International to provide security training for SIRA in Dubai
Managing director of the Linx International Group, David Gill said: “Dubai is a major global hub and well respected as a centre of excellence, especially in areas of technology, security and policing.
03/20/2018
First Abu Dhabi Bank responds to Qatar accusations
It is the largest bank in the UAE in terms of assets, it was established after the merger of First Gulf Bank and National Bank of Abu Dhabi.