04/17/2018
FIA ‘finds’ no politician with property in UAE
Sources and officials privy to the development said that hundreds of Pakistani businessmen faced threats of investigations into their real estate assets in the UAE.
Legal, Tax, Regulation & Compliance
04/17/2018
Winsome Group's Jatin Mehta is next; ED cracks UAE authorities to get evidences in hand
In mid-2016, the ED had asked Dubai to expedite its response to India's letters rogatory (LR) relating to Mehta's Winsome group.
04/15/2018
UAE banks interest rate rises with introduction of a new system
The central bank encourages banks to put more transactions and counterparties into account when offering prices.
04/13/2018
Another opportunity for Iraq to clean up its act
Prime Minister Abadi hopes the oil bounty will once and for all get reforms working
04/12/2018
Federal Tax Authority Looks Back on 100 Days of VAT in the UAE
We’ve witnessed 98.8% compliance with Tax Return regulations – one of the highest compliance rates in the world.
04/12/2018
Kuwait mulls law to regulate, develop insurance industry
Insurance sector plays key role in economy: Official
04/12/2018
Qatar attracts hefty demand for comeback international bond
Qatar plans to price later on Thursday bonds with maturities of five, 10 and 30 years.
04/12/2018
Saudi’s General Investment Authority grants 4 French companies investment licenses
Al-Omar confirmed that SAGIA is working on establishing better practices and techniques that can facilitate the work for investors in the Kingdom
04/11/2018
AlexBank, Jordan Post sign agreement to enhance remittances service
The Bank of Alexandria (AlexBank) announced on Monday in Amman the signature of a partnership agreement with the Jordan Post Company to facilitate the transferring of remittances to Egypt.
04/11/2018
President ratifies international agreements
Khalifa ratifies a number of bilateral agreements between UAE and friendly countries
04/11/2018
Equal pay cleared
Sheikh Mohammed also issued a decision no.5 for 2018 on the executive regulations of the federal law no.20 for 2016 on the mortgage of movable assets to secure a debt.
04/10/2018
Turkcell’s Eurobond Attracts Strong Demand from Global Investors
Turkcell's previous 10-year Eurobond issue was in 2015
04/10/2018
Bahrain to host 2018 ME Asset Management Forum
The asset management industry is now entering an exciting stage in its evolution in the MENA region amid the current developments and economic progress initiatives.
04/09/2018
Canara Bank to shut three branches in Leicester, Bahrain and Shanghai
Rakesh Sharma, bank's managing director and chief executive officer, told Business Standard that the board of directors had given a nod for overseas branch rationalisation plan
04/09/2018
Bank of India gets UAE central bank’s approval to close Dubai branch
The public sector bank has identified nine foreign branches /subsidiaries/ representative offices for closure.
04/09/2018
Bedell Cristin advises on King's Cross sale
The property comprises 250,000 square feet spread across 30 buildings, including nearly 200,000 square feet of offices, historic warehouses and retail space, adjacent to King’s Cross station.
04/05/2018
Abu Dhabi courts fine employers violating labour law up to Dh5m
Judicial department acts tough to protect workers
04/05/2018
Beirut: Arab Banks Mobilize Efforts Against Money Laundering
The technical development of the Internal Security Forces would play a key and preliminary role in fighting money laundering and funding terrorism, he stated.
04/04/2018
Oman central bank eases capital, lending curbs in bid to spur growth
Oman was the only one of the Gulf’s six wealthy oil exporters where banks’ operating profits shrank last year, Boston Consulting Group found
04/04/2018
Corporate governance: Someone to watch over me?
Some firms are taking corporate governance more seriously, but more action from regulators may be needed to lift standards