06/08/2017
Back to basics: conducting Intellectual Property work in the Middle East
It may also be possible to consider protection through copyright, if copyright subsists in the works.
Legal, Tax, Regulation & Compliance
06/08/2017
The German Business Stake in Qatar
Foreign Minister Sigmar Gabriel has emerged as a mediator in the latest Middle East crisis. For Berlin, the fortunes of leading companies are at stake.
06/08/2017
Bahrain central bank's net foreign assets jump in March
But it was not clear whether this contributed to net assets, and the amount raised was in any case too small to explain the entire increase.
06/08/2017
Oman Banks' funding conditions improving, says Moody's
The government is the largest depositor in Omani banks, higher oil revenues support deposit levels.
06/08/2017
United States calls for resolving rift between Qatar, Gulf nations
A State Department official says the US believes it is most effective for countries in the region to resolve the conflict among themselves.
06/07/2017
Gulf Firms Struggle to Keep Qatar Business Ties Despite Crisis
The UAE central bank issued a statement saying payments and remittances in the UAE financial system were occurring normally after the diplomatic split, but it did not specify whether UAE banks would be required to close out their exposure to Qatar.
06/07/2017
Exchange shut down by UAE Central Bank begins giving back money
Customers had earlier complained to the authorities about their remittances not reaching the destinations and wages processed by the exchange had reportedly gone unpaid.
06/06/2017
IoM and UAE regulators ‘in talks’ over life sector overhaul
This second consultation into the proposals ended on 11 May, but the watchdog has yet to release the final regulations, which will come into force once they are published in the state’s official gazette.
06/06/2017
Zurich offers adviser support ahead of UAE regulatory changes
Zurich FutureReady is a programme that we have devised to help business owners and advisers navigate the changes that are coming in the UAE market.
06/05/2017
Bahrain, Saudi, Egypt, UAE cut ties with Qatar; Doha regrets ‘unjustified’ decision
The other four countries had, at the time, responded by blocking all Qatari-based media, including Al-Jazeera.
06/05/2017
Egypt central bank has not ordered halt to Qatari riyal transactions
Some Egyptian banks earlier halted dealings with Qatari banks.
06/05/2017
How to Set Up a Fintech Business in the UAE – Part 1: Onshore Financial Service Regulation and Licensing
A recent “State of Fintech in MENA” report by Wamda Research Lab and Payfort predicts that by 2020 there will be 250 fintech startups in the GCC.
06/04/2017
National Council for Payments issues five important decisions
Preparation of a law for the development of non-cash financial transactions, exemption of citizens from expenses of opening an account for mobile phone payment services for one year
06/03/2017
Middle East Banks Should Be Preparing For Regulatory Changes
The new standard impacts three major areas for banks: classification and measurement, impairment and general hedge accounting.
06/03/2017
Climate change, ethical investments and corporate social responsibilities
In an address at the White House, he said he was prepared to negotiate a new agreement or re-enter the accord on improved terms.
06/02/2017
UAE to get first legal structure for foundations
The aim is to provide a complement and alternative to trusts for asset protection and wealth structuring.
05/31/2017
Qatar Development Bank signs cooperation MoU with Dubai Exports
The agreement aims at supporting trade between exporters in Qatar and the UAE as well as enhancing trade and business opportunities between entrepreneurs from the two countries, including manufacturers, exporters, traders and service providers.
05/31/2017
Kuwaiti government highest-spending in the world
Analysts say that the high rate of public spending reflects the extent of government intervention in the national economy.
05/31/2017
Iranian Bank Account Closures in 3 Countries Dampen Trade Prospects
Iranian business owners in the Emirates believe that it is not all about the nuclear accord and sanctions.
05/31/2017
Clifford Chance advises NBK on GMTN programme
The offering constitutes the first bonds to be offered and sold to qualified institutional buyers in the United States in reliance on Rule 144A and Regulation S from a GCC financial institution since 2009.