04/03/2017
Central Bank Announces Development Funds to Kick-Start Economy
Most banks operating in Jordan, he added, are subscribing to this fund—including 15 commercial banks
Legal, Tax, Regulation & Compliance
04/03/2017
Deloitte Middle East Point of View: Ethical tax, construction market outlook, ISO 37001 on anti-bribery management, and GCC family businesses
CRS is intended to reduce tax evasion
03/31/2017
Barclays Qatar SFO charging deadline said to be moved to May
The SFO sent letters to several former Barclays executives informing them it will make a decision on whether to file charges by the end of May
03/31/2017
Top UAE law firm sets up tax unit ahead of VAT launch
Al Tamimi & Company establishes dedicated tax practice ahead of Gulf region bringing in VAT in 2018
03/30/2017
Legal system must back UAE start-ups
This has saved many expensive legal fees when drafting company formation and fundraising documents.
03/29/2017
Abu Dhabi Fund Loses Crisis-Related Arbitration Against Citigroup
The panel also awarded Citigroup nearly $9.5 million in legal fees and expenses.
03/29/2017
US's Citi bank applies for capital markets licence in Saudi Arabia- sources
The government is also preparing to list up to 5 percent of oil giant Saudi Aramco in an initial public share offering that could raise as much as $100 billion.
03/28/2017
Capital Market Authority cancels three brokerage licences in Oman
The market turnover and volume dropped as investor participation and trading activity witnessed significant fall.
03/28/2017
Jordanian-Saudi Fund Company established
Al-Rumayan said the venture will provide financial returns on the long term and will bring benefit to both countries, adding that investment opportunities exist in Jordan's energy and tourism sectors.
03/28/2017
Pakistan, IMF talks begin in Dubai today
The government would inform the Fund of the recent economic situation in the country.
03/27/2017
Saudi Arabia Closes Over 200 Bank Accounts Suspected of Sponsoring Terrorism
The Saudi authorities closed over 200 bank accounts under suspicion of financing terrorism, the Saudi Foreign Ministry said Thursday.
03/27/2017
Preventing fraud in new age banking
Banks should ensure that their alert and management systems are sophisticated and intelligent
03/27/2017
Oman agrees to deepen ties with Iran central bank
But Oman has traditionally had close business and diplomatic relations with Iran, and it is hoping for Iranian investment to help it cope with economic pressure due to low oil prices.
03/24/2017
GCC top bankers endorse company for settling payments
The Riyadh-headquartered company will function based on a profit-commercial system, he said.
03/24/2017
Pakistani man steals KD 1 million
It was not clear if the man was still in the country.
03/24/2017
Barclays faces new fight over ‘crash cash’ from Qatar
The Financial Conduct Authority concluded an investigation three years ago but is understood to have begun interviewing individuals after starting the process again.
03/24/2017
Saudi Binladin creditors agree to $1.1bln financing extension
Company has been struggling because of delayed payments from the government
03/23/2017
ASAR acts as Kuwait legal counsel on dual-tranche $8 bn issuance
Proceeds from the issuance will be utilized for Kuwait's expected funding needs for this fiscal year.
03/23/2017
UAE slams continued Israeli colonisation of the West Bank
International community should put pressure on Israel to stop its systematic violations of Palestinian human rights
03/23/2017
New Regime for Security over Movables in the UAE
The New Law aims to introduce a more streamlined, efficient process for taking security over movables.