12/20/2017
Qatar Central Bank launches legal probe into manipulation
Several financial institutions and individuals have been asked to preserve documents that may be needed in future legal action.
Legal, Tax, Regulation & Compliance
12/20/2017
Qatar's currency manipulation probe could curb offshore FX trade, risk Gulf backlash
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed an economic boycott on Qatar in June, accusing it of backing terrorism, which it denies.
12/20/2017
Saudi Arabia to Freeze More Bank Accounts in Crackdown
More people said to be questioned, some detainees released
12/20/2017
Central Bank of Oman advises public to be cautious in-dealing with crypto currencies
The board reviewed CBO’s financial position as of November 2017
12/19/2017
Qatar central bank says investigating effort to manipulate riyal
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed an economic boycott on Qatar in June, accusing it of backing terrorism, which it denies
12/19/2017
Expat football mogul case shows limits of HMRC power
A football entrepreneur and Dubai resident, who rejected HM Revenue & Customs demands for information, has won a court case against the UK taxman
12/19/2017
National Bank of Kuwait eyes Saudi expansion
National Bank of Kuwait is to hire hundreds of new staff and open branches in Saudi Arabia and Egypt.
12/19/2017
Andersen Global Continues Expansion in the Middle East with Alem & Associates
Providing a tailor-made approach to the needs of our clients and the best legal solutions possible are our top priorities.
12/19/2017
Palestinian billionaire Masri back in Jordan after release in Saudi Arabia: family source
Arab Bank shares, which account for almost a quarter of the $24 billion market capitalization of the Amman exchange, ended 1.48 percent higher as investors reacted favorably to the news of his return.
12/18/2017
No VAT on expat remittances in Saudi Arabia, say bankers
He said that all commercial banks have geared themselves to comply with the VAT regulations
12/18/2017
Pro-austerity Saudi prince buys world's most expensive home
The buyer was not identified at the time, but the New York Times now reports that its investigation shows that the purchaser was Crown Prince Mohammed bin Salman.
12/18/2017
Dubai Financial Market launches short selling
The brokerage firms will be given approval when and if they pass technical testing.
12/18/2017
Barclays in Talks With SFO on Qatar-Probe Deal
Bank seeking to avoid operating company being charged
12/17/2017
Egypt seeks proposals for dollar bond issues — banking sources
Egypt issues $7b in international bonds this year
12/17/2017
Palestinian billionaire Masri released from Saudi detention
Masri was detained last Tuesday
12/17/2017
The murky US prosecution of a Turkish banker
Banker, Mehmet Hakan Atilla, 47, had been charged with conspiring to violate US sanctions on Iran
12/14/2017
Central Bank of Bahrain endorses launch of Bahrain FinTech Bay
In addition, the CBB will work closely to support innovators at the BFB in providing access and guidance to its regulatory framework, including the Regulatory Sandbox.
12/14/2017
KPMG revenues grow strongly to record $26.4 billion
KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions
12/14/2017
Bahrain central bank raises key rate by 25 bps
The central bank’s key policy interest rate on the one-week deposit facility was raised to 1.75 percent from 1.50 percent.
12/14/2017
UAE consumers to pay more as interest rates go up
The Fed has raised its key rates five times since the recovery from the Great Recession began in 2009.