03/28/2018
Turkey: Proposed Amendments To Automatic Enrolment In Private Pension Plans System
The provisions entered into force on 1 January 2017 but the regulation is applied gradually depending on the number of employees working at an employer.
Legal, Tax, Regulation & Compliance
03/27/2018
Dubai adviser closes wealth management division
A Dubai International Finance Centre based financial adviser is closing its wealth management division.
03/26/2018
Tax ruling offers alternative tax treatment for foreign investment corporations
For funds that do not fulfill the conditions for tax exemption (typically, small funds with few investors), the ITA has applied an alternative arrangement known as the “small funds tax arrangement.”
03/26/2018
NBO announces 20 per cent dividend on back of strong performance
The bank’s solid performance, despite the challenging economic climate in 2017, was clearly evident in its financial report.
03/26/2018
K&L Gates advises Al Rayan, Amwal on landmark ETF launch
On the listing of Al Rayan’s exchange traded fund (ETF) in Qatar, understood to be both the first Qatari Sharia’h-compliant ETF and the largest single- country Sharia’h-compliant equity ETF in the world
03/26/2018
Global law firm named best law firm in Oman, Jordan and Kuwait
They hav been awarded "Best Law Firm" for Oman, Jordan and Kuwait at the 10th annual EMEAfinance Middle East Banking Awards 2017.
03/26/2018
Finance panel to review proposal to tax expat remittances
He said the topic will be subjected to further study with the finance minister.
03/26/2018
ADFD signs deal with Export-Import Bank of Korea
Deal is part of programme to enhance competitiveness of UAE exports
03/26/2018
Eagle Hills Diyar inks deal with Al Baraka
The bank will provide eligible buyers, both Bahrainis, expatriates and GCC nationals
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.