03/13/2018
DIFC signs deal with MEVP to boost regional technology VC ecosystem
The fund was announced at DIFC’s inaugural Global Financial Forum last year.
Legal, Tax, Regulation & Compliance
03/13/2018
Gulf states set up company to facilitate money transfers
Riyadh-based company will allow GCC countries to transfer money 'without reliance on international currencies'
03/13/2018
PM directive to implement 14 projects in Southern Governorate
The Ministerial Committee for Urbanisation and Infrastructure has been asked to study 11 development projects in the Southern Governorate, and instructed them to expedite the work on three projects currently being implemented in the governorate.
03/13/2018
UAE central bank to launch new EIBOR system next month
The central bank has been examining ways to make the system operate more closely in line with market conditions
03/13/2018
The Fariz-Gates arrangement
When Fariz started applying governance, he insisted that the general manager of a bank or its CEO for that matter be separate from the chairman of the board. Families used to hire someone they can control as a CEO or chairman.
03/13/2018
Tamkeen and Ahli United Bank Sign a BD 40 Million Portfolio
To Support Bahraini Businesses
03/13/2018
Egypt Picks Banks to Manage International Bond Sale
Al Tamimi & Co. and Dechert LLP are the legal advisers.
03/13/2018
GCC states plan company for money transfers between members
All six member countries including Qatar have agreed to contribute initial capital
03/13/2018
UAE, Botswana explore investment opportunities
Al Saleh said on his speech on behalf Al Mansoori, that bilateral ties between the UAE and Botswana were particularly robust, due to investments in key sectors.
03/13/2018
First Abu Dhabi Bank adopts Accuity to strengthen screening processes
The Fircosoft portfolio of data-enabled technology solutions, delivered through a consultative partnership, provides versatile resources that help control risk, increase efficiency and meet regulatory requirements.
03/12/2018
Kuwait Finance House to split shareholding of Turkish asset manager
Both Kuveyt Turk and KFH Capital are subsidiaries of KFH, Kuwait's second largest lender and one of the world's oldest Islamic banks.
03/08/2018
Dubai’s Emirates appoints banks for sukuk roadshow
The carrier is checking market conditions for a corporate issuance
03/08/2018
Saudi crown prince seeks solution to $2.6bn Islamic tax row
Banks are contesting extra zakat tax payments demanded by the government
03/08/2018
Saudi Crown Prince Woos British to Bring Business Back Home
Prince Mohammed bin Salman’s visit to London to include meetings with Prime Minister Theresa May and Queen Elizabeth II
03/08/2018
Central Bank of Bahrain launches secure network for retail banks
The new secure network will act as the primary communication hub to perform real-time inter-bank payments settlement
03/08/2018
Central bank of kuwait asks islamic banks to provide reports about shares plots houses
The reports have to be sent within ten days after the end of the period required for completing the report.
03/07/2018
The EU removes another three countries from the blacklist of tax havens
Bahrain, the Marshall Islands, St Lucia has taken “certain commitments” to adapt its tax laws and practices to EU standards.
03/06/2018
Chinese banking booms in Dubai's financial free zone
All of the four Chinese lenders, namely Industrial and Commercial Bank of China (ICBC), China Construction Bank, Agricultural Bank of China and Bank of China, have their Middle East branches based in the DIFC, a financial free zone.
03/06/2018
Lawmakers submit grilling request - Appointment of Minister Adel Al-Kharafi termed 'suspicious'
Al-Adsani, on the other hand, stressed that they respect all ministers and judge their performance.
03/06/2018
Israel is ‘one of the world’s most generous tax havens,’ complains tax chief
Amendment 168, also known as the ‘Milchan Law,’ may have attracted tax evaders to Israel, warns Tax Authority director Moshe Asher, who has tried for years to cancel it