03/05/2018
Hamdan orders no increase in Dubai government fees for the next three years
Investors and analysts cheer decision to freeze government fees, move seen boosting economic growth and private investments
Legal, Tax, Regulation & Compliance
03/05/2018
Qatar central bank evaluating studies related to 3-way bank merger
The argument for consolidation has become more compelling now that lower oil and gas prices have trimmed state spending, curtailing deposit growth and revenue generation.
03/04/2018
UAE cbank launches customer happiness initiative
The Happython, taking place on March 1 and 8, brings together banking and financial services professionals, academics, customers, students and researchers to collaborate intensively in order to create an innovative solution for the identified challenges
03/04/2018
Lebanon’s banks are real reason for country’s resilience
The politicians assume the banks will forever rescue them, bankers say.
03/04/2018
Mueller’s Focus on Adviser to U.A.E. Indicates Broader Inquiry
The investigators have also asked about Mr. Nader’s role in White House policymaking
03/04/2018
NBK: Fed chair reiterates tightened monetary policy
The Fed chairman emphasized the need to revisit various aspects of the tighter financial regulation adopted in the aftermath of the global financial crisis, including leverage ratios.
03/04/2018
High net worth expats increasingly applying for second passport
Most of the demand for second citizenship programmes is coming from Indians, Pakistanis, Syrians and other Arab citizens
03/02/2018
Deutsche Bank, JPMorgan hire as banks look past Saudi crackdown
No foreign investor was targeted by the anti-corruption drive
03/01/2018
Lawyers welcome draft UAE arbitration law as a boost for investors
Federal National Council approved draft law for managing cross-border disputes
03/01/2018
Qatar weighs proposal on combining three banks
The tie-up will be completed once regulators approve the deal, Hussain al-Abdulla said at Masraf’s annual general meeting Tuesday, without giving a time frame.
03/01/2018
MEPs continue crackdown on tax avoidance
MEPs have taken EU finance ministers to task over their decision to remove eight countries from the tax haven blacklist just one month after it was first published
02/28/2018
New remittance rules announced in Oman
The new rules will come into force from March 22, 2018.
02/28/2018
Saudi c.bank's foreign securities holdings fall as Riyadh mobilises funds
State spending will be key for the economy this year because of a sluggish private sector, which was hit last month by the imposition of a 5 percent value-added tax and a hike in domestic gasoline prices.
02/28/2018
Saxo Bank warns of possible global economic slowdown
The GCC region runs on a relatively high debt leverage and the recent increase in funding costs may lead to a substantial slowdown in growth which, combined with several reforms across the region, could lead to negative growth surprises.
02/28/2018
Qatar banking sector stays resilient: Sheikh Hamad
The success of these efforts is evident in the financial results of the banks including ours, and once again demonstrate the resilience of the banking sector in Qatar.
02/27/2018
FTA sets Wednesday as deadline for tax returns
Expanding payment channels further facilitates tax payment procedures,” Al Bustani noted.
02/27/2018
New remittance rules announced in Oman
The new rules will come into force from March 22, 2018.
02/27/2018
UAE, Latin America keen to expand trade ties
Dubai and Panama can use their synergies to bring the regions closer to increase trade and investments
02/27/2018
Saudi central bank chief: can deal with any pressure on dollar peg
Earlier this month, the central bank signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software.
02/26/2018
First Abu Dhabi Bank to enter commercial banking in Saudi Arabia
UAE’s biggest lender by assets approved the distribution of cash dividends of Dh0.70 per share