02/13/2018
War-battered Iraq says it’s ‘open for investors’
World Bank officials joined Iraqi government representatives yesterday in Kuwait City to seek pledges from more than 2,000 representatives of international firms in attendance.
Legal, Tax, Regulation & Compliance
02/12/2018
Abu Dhabi financial regulator may create framework for virtual currencies
Previously, regulators in the UAE had expressed scepticism about cryptocurrencies, without going as far as trying to enforce an outright ban on them.
02/12/2018
Barclays Bank charged over Qatar loans
The same charges were bought against Barclays PLC in June last year.
02/12/2018
Kuwait hires TICG to advise on bourse listing - regulator
The Kuwaiti bourse, with a market capitalisation of about $90 billion, is one of the oldest in the Middle East.
02/12/2018
End reliance on public jobs, IMF tells Middle East countries
The IMF chief said that youth unemployment is a particular concern in the Middle East and North Africa, with jobless rates as high as 30 percent in nine out of 21 countries in the region.
02/11/2018
Saudi Ritz Reopens After Stint as Gilded Prison of Princes
The detainees were removed from the hotel two weeks ago, most released after cutting a deal with the authorities or being exonerated
02/11/2018
DFSA Signs MoU with Central Bank of Oman
This agreement is indicative of the value we place on regional cooperation and sustainable growth of financial services in our respective markets.
02/11/2018
Touting 'transformation', French PM seeks investment in Dubai
"What I felt was their continued interest in what we were doing and prospects available in France,"
02/11/2018
World Bank's IFC calls for investment in Iraq reconstruction
The International Finance Corporation's country manager for Iraq, Ziad Badr, was speaking in Kuwait ahead of an international conference.
02/11/2018
Alpen Capital closes first Lebanon transaction
The transaction is also the first syndication in Lebanon for a local bank. The funding will be utilised by LGB to support its strategy towards expanding their lending to SMEs.
02/10/2018
Al Tayer: UAE has no intention to raise tax rates
Minister says no plans to increase VAT, excise rates in next 5 years
02/07/2018
Central Bank of Iran to Issue Forex Bonds for the First Time
The forex bond plan will be unveiled within two weeks.
02/07/2018
Second Citizenship More Affordable Than Ever; but Time is Running Out
Second passports can help provide businesspeople in the region with more security for their families and businesses, as well as the freedom of movement.
02/07/2018
Bitcoin trading prohibited in Qatar: Central Bank
This cryptocurrency is highly volatile and can be used for financial crimes and electronic hacking as well as risk loss of value because there are no guarantors or assets.
02/07/2018
UAE-India ties to reach new heights, say diplomats
The ambassadors said there are unimaginable developments in various sectors, with major announcements in store
02/07/2018
Bahraini Bank, Investment Co. Can’t Dodge Ch. 11 Suits
U.S. Bankruptcy Judge Sean H. Lane found that Arcapita's creditors can seek to retrieve $30 million in investments in Bahrain Islamic Bank and Bahrain-based Tadhamon Capital BCS
02/05/2018
UAE's Abraaj hires KPMG to look into healthcare fund after reported row with investors
The investors included the Bill & Melinda Gates Foundation, the World Bank's International Finance Corp unit.
02/05/2018
ADSI granted financial services permission by ADGM
On the 7 December 2017, ADS Securities incorporated a new subsidiary, ADS Investment Solutions Limited, in the Abu Dhabi Global Market.
02/05/2018
75 UAE bank branches shut in digital drive
Number of bank branches decreased during 2017 after the merger of NBAD and FGB
02/04/2018
Crackdown concern: Saudi corruption purge could lead to greater investor caution
"While it could dissuade some high-net worth individuals to engage in corrupt behaviour, we believe that it will not reduce generalised corruption in the administration,"