05/23/2018
Seizing the GDPR Advantage: From mandate to high-value opportunity
Look beyond the compliance side of the GDPR
Legal, Tax, Regulation & Compliance
05/23/2018
Liberalisation of foreign ownership rules in the UAE – opportunities for the insurance sector'
There are currently limited details available on the new investment law but based on earlier statements by the UAE Government, full foreign ownership of on-shore UAE companies will be limited to specific sectors, which are still to be approved by the UAE
05/22/2018
UAE banks get go-ahead to share Winsome information with India
Information of the movement of funds in and out of the bank accounts of Winsome Group firms, subsidiaries, and its clients in Dubai could help Central Bureau of Investigation establish the money trail.
05/21/2018
Turkey welcomes back foreign cash, no questions asked
The gloomy outlook, reflected in rating cuts by major international credit rating agencies, is underscored by a relentless increase in foreign exchange prices.
05/21/2018
Auditing firms play greater role in GCC countries amid economic reforms
They also provide economic, professional and technical consultancy to government bodies thanks to their long experience.
05/21/2018
UAE allows banks to share Winsome Group information with India
The diamond house is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.
05/21/2018
Crown Court dismisses Barclays Qatar charges
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014
05/21/2018
UAE plans ownership for foreigners to lure investors
Emirates to change visa, ownership laws to attract investors in bid to boost slowing national economy.
05/20/2018
Governance and culture will differentiate banks in 2018
Some of the largest banks in the UAE already have a well-defined and transparent board selection and nomination process
05/18/2018
Egypt's Banque Misr hires Citi for $500 million loan: sources
Before November 2016, when the central bank allowed the Egyptian pound to float, Egyptian banks could only access foreign liquidity through central bank auctions, rather than the interbank market.
05/17/2018
SAAB And Alawwal Bank’s Merger To Create Third-Largest Listed Bank In Saudi Arabia
The proposed merger between SABB and Alawwal Bank would create the kingdom’s third-largest listed bank in terms of assets, profits and revenues.
05/17/2018
Philippine President Rodrigo Duterte lifts ban on Filipinos working in Kuwait
Duterte’s spokesman Harry Roque told reporters the president would give the instruction to the labor secretary after discussions with his special envoy to Kuwait, Abdullah Mama-o, who recommended the action to normalize the situation.
05/17/2018
Kuwait’s investment firm seeks SBP’s approval to sell its holdings in Meezan Bank
In this regard, Noor has requested Meezan Bank to approach the SBP for the unblocking of the Sale Shares to enable it to consummate the proposed transaction.
05/17/2018
Legal experts say new UAE arbitration law will encourage investment
The new law is based on the nearly universally accepted UNCITRAL Model Law
05/17/2018
Eastern promise: UAE's financial hubs target China
Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day
05/15/2018
Asset management industry ‘set for growth’
Central Bank of Bahrain executive director of financial institutions supervision Abdulrahman Al Baker told the GDN this positive trend can be attributed to the rapid expansion and increasing sophistication of the GCC financial markets
05/15/2018
Aflaj International and Dentons form project JV for Muscat Hills
Future project collaboration between the companies likely
05/15/2018
Citing Banking Issues, BitOasis Suspends Deposits and Withdrawals in Dirham
The usual method of buying and selling cryptocurrencies including bitcoin, Bitcoin Cash, litecoin, Ethereum, and the recently added Zcash remains permissible.
05/11/2018
Rotana Group eyes more investment in Turkey
There was an influx of 35 million tourists to this beautiful country.
05/11/2018
UAE's VAT application has gone smoothly and inflation will stabilize, says IMF
VAT imposed at 5 percent at the beginning of the year, represents a major administrative and cultural shift.