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Legal, Tax, Regulation & Compliance

09/26/2018

Al Ahli Bank of Kuwait Marks Its First International Capital Markets Issuance

The transaction was very well received by international investors, culminating in an orderbook twice oversubscribed at the initial price level.

09/25/2018

IFC signs agreement with Banque Misr to support female entrepreneurs

The statement added that IFC will support the bank in helping informal micro businesses, often owned or led by women, move to the formal sector.

09/25/2018

UAE banks group considers asking for ease in mortgage rules

They added that the CEO Advisory Council, made up of bank chief executives, is considering the proposal and, if approved, will suggest it to the central bank.

09/25/2018

Abu Dhabi global market issues public consult on bank recovery and resolution regime

The introduction of this regime underlines FSRA’s commitment to international standards and best practices

09/25/2018

Turkey reinforces monetary tightening with fiscal caution

However, the government acknowledges inflation will remain well above target over the coming years.

09/24/2018

Dubai Chamber to head working group on SME banking challenges

Establishment of working group was among key recommendations outlined by industry experts

09/24/2018

IFRS 9 adoption seen to strengthen provision coverage at Qatar banks

Under the new IFRS 9 standard, banks and financial entities will be mandated to set aside a certain proportion of profit against losses for unseen reasons.

09/24/2018

Kuwait central bank looks to regulate ‘e-payment’ system

Bid to propel banking sector

09/24/2018

Leaving UAE? Know these rules to avoid legal hassles

Your may liquidate the company and close the bank account and cancel his visa, before travelling to his home country.

09/21/2018

Casa calls on Dubai Bank to release 17 Black information

David Casa called on Noor Bank to publish any identifying information concerning the UBO of 17 Black and the transfers carried out through 17 Black

09/21/2018

Emirates said to seek Etihad takeover to create world’s largest airline

A combination of the airlines would provide further evidence of the sheikdoms consolidating businesses to boost competitiveness.

09/20/2018

Turkey seeks to attract investors through citizenship

Whereas previously real estate investors needed to buy a property for a minimum of $1 million, now a minimum $250,000 would be sufficient.

09/18/2018

Investors hope central banks will extend a rescue line to ailing emerging markets

The pressure to hike will be particularly strong for Brazil and SA, both of which have seen their currencies plunge this year

09/18/2018

Banks’ profits score EGP 45.843bn at end of June 2018

Top five banks account for 61.34% of profits, against 72.87% for 10 banks, says CBE

09/18/2018

5% VAT 'a starting point' for GCC, says banking chief

The 10th MENA CFO conference heard that VAT violators are being censured, with 3,000 offences recorded in Saudi Arabia in the first two months of 2018

09/18/2018

Saudi Wealth Fund to Invest $1 Billion in Tesla's Rival Lucid

Funding will enable EV maker to roll out Air sedan in 2020

09/18/2018

Dubai Financial Market accredits SICO as market maker and liquidity provider

Najla Al Shirawi: "We look forward to assist listed companies to improve valuations and attract fresh capital, which will further enhance the confidence of regional and international investors"

09/18/2018

Switzerland seeks bank access to Israeli markets

Israeli authorities focus on EU regulations but the EU doesn’t fully recognise our rules and regulations for political reasons.

09/17/2018

Arrests Spark Selloff in Egypt, Pacing Mideast Losses

In Dubai, the equities gauge fell to the lowest level since January 2016 after breaching a resistance level.

09/17/2018

U.A.E. to Offer Expats Long-Term Residency Visa After Retirement

If implemented, measures could encourage expats to stay on

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