01/05/2018
Banker stands trial for fraud
The company told him to submit a letter of guarantee.
Legal, Tax, Regulation & Compliance
01/04/2018
Bank Leumi and ‘Bank Of China’ ink deal
The Chinese market is undergoing major changes
01/04/2018
Bahrain cbank chief named Central Banker of the Year
In December 2017, the CBB also issued a new directive recognising both locally domiciled and foreign exchange-traded funds (ETFs) as collective investment undertakings.
01/04/2018
UAE financial services community targeted by fake DFSA scam
The bottom of the fake application form says that it has been issued by “DFSA LLC.”
01/04/2018
Cabinet ratifies eight agreements and MoUs
The first was approving a draft law that regulates non-Qatari investments in the economy and agreed to refer it to the Advisory Council.
01/03/2018
Turkey: The Data Protection Authority Publishes the Regulation on Data Controllers Registry
The Authority may introduce exemptions to the registration obligation, taking into account the exemption criteria provided in Article 16 of the Regulation.
01/03/2018
New draft law on foreign investment to boost economy
The draft law was prepared by the Ministry of Economy and Commerce after examining the best international and regional practices in this regard.
01/03/2018
Banker From Turkey Is Convicted in U.S. Over Plot to Evade Iran Sanctions
The case was followed closely in Turkey, where the government was already angry at the United States for giving shelter to a cleric Mr. Erdogan says was behind a coup attempt in 2016.
01/02/2018
No VAT on ATM withdrawals in Saudi Arabia
There will not be any VAT on withdrawals from ATMs of customer’s bank or any other bank: official
01/02/2018
Qatar plans central Shariah committee for Islamic banks
A recent report by the World Bank and the Bahrain-based General Council for Islamic Banks and Financial Institutions suggested further action by regulators to strengthen the sector’s governance
01/02/2018
S. Arabia, UAE levy VAT in first for Gulf
They are the latest in a series of measures introduced by Gulf oil producers over the past two years to boost revenues
01/01/2018
Financial Conduct Authority delays rule change for Saudi Aramco’s $2 trillion listing
This would enable Saudi Arabia to choose London as the main international venue for its initial public offering of Aramco, its state oil giant.
01/01/2018
Federal Financial System becomes VAT compliant
Ministry of Finance ready to manage all financial transactions related to value-added tax
12/31/2017
Qatar central bank’s international reserves, liquidity rise in November
The reserves and liquidity, a measure of the central bank’s ability to support the riyal currency
12/28/2017
Saudi businessman in debt dispute reportedly released from detention
Al-Sanea had been detained in the Eastern Province since October for unpaid debts reaching into the billions
12/28/2017
Money laundering: AB Bank ex-chairman M Wahidul Haque at ACC
The Anti-Corruption Commission started interrogating former chairman of AB Bank M Wahidul Haque this morning over “laundering Tk 165 crore” to UAE
12/28/2017
Footballers ‘prefer’ Turkey due to low income tax rate
Income tax rate for athletes participating in Turkish Super Lig is 15 percent
12/28/2017
ACC summons ex-chair, MD of AB Bank
Former managing director M Fazlur Rahman has been given schedule at 9:10am, he added.
12/28/2017
Saudi foreign reserves rise in November for second straight month
It was the first time since mid-2014 that the reserves rose for two consecutive months.
12/28/2017
Egypt's central bank keeps interest rates unchanged
The overnight deposit rate remained 18.75% and the overnight lending rate at 19.75%