03/08/2023
UAE tax residency certificates: Step-by-step guide, cost to get them
According to the Federal Tax Authority website, it takes about 45 minutes to submit an application
Legal, Tax, Regulation & Compliance
03/06/2023
Clifford Chance and AS&H announce JV in Saudi Arabia to create AS&H Clifford Chance
The restructuring in Saudi Arabia has the full support of the Clifford Chance global partnership
03/01/2023
UAE central bank revokes licence of Dollar Exchange over serious misconduct
Dollar Exchange’s licence is second to be revoked this week
03/01/2023
UAE Corporate Tax: What real estate investments can mean for a business
The real estate held under the company’s name should be treated as that of the company and not of its owners.
02/28/2023
Central Bank of UAE revokes licence of 'Dollar Exchange' house
The sanction is the result of the examinations’ findings conducted by the CBUAE, which revealed serious regulatory misconduct by the exchange house
02/28/2023
GCC to appoint chief negotiator next month for trade talks with India – report
The intent of a free trade deal has been announced and meetings will start soon, says a source
02/27/2023
UAE, Egypt, Jordan, Bahrain sign industrial deals worth $2bn
The agreements were signed at the third Higher Committee meeting of the Industrial Partnership for Sustainable Economic Development, held in Amman on February 26
02/27/2023
Qatar Central Bank issues QR 1 billion treasury bills due on March 2
Central banks usually aim, through the periodic monthly issuance of treasury bills or short-term Islamic sukuk in favor of local banks, to control liquidity rates and the money supply in the market.
02/27/2023
'Embezzled' Lebanese cash in Swiss banks: media report
The Swiss weekly said $250 million was left on Raja Salameh's personal account with HSBC's subsidiary in Geneva.
02/24/2023
UAE watchdog seeks views on family office regulation shake-up
The regulator wants views of family offices, their advisers, potential applicants for family office status, and other industry participants by 24 March 2023.
02/24/2023
Lebanon central bank governor charged with money laundering - judicial source
Charges come after 18-month probe into whether Salameh and his brother embezzled $300m
02/23/2023
Dubai International Finance Centre Grows at Record-Breaking Pace in 2022
Combined revenues exceed USD272 mn for the first time
02/23/2023
How Abu Dhabi Fund’s first development project in Nigeria will serve the community
The project is expected to stimulate commercial activities and improve transport links between the main cities in the country
02/22/2023
ADGM teams up with UAE digital lender Zand Bank to support SMEs
The two entities plan to offer finance training programmes, SME financing platforms and a FinTech sandbox
02/21/2023
Saudi policy is to build new sectors not related to oil: minister
Al-Falih spoke at length about the challenges faced by the global economy, as well as the Ministry of Investment and its achievements, the creative industries and the media
02/21/2023
Dubai’s DIFC registers highest ever revenue in 2022
The financial centre registered the highest number of new firms – totalling 1,084 – last year
02/21/2023
Abu Dhabi Global Market, Zand Bank join hands to support SMEs
The entities will jointly drive UAE national work placements and offer finance training, SME financing platforms, a fintech sandbox and corporate innovation programmes
02/21/2023
UAE’s UBF, Azerbaijan Banks Association sign MoU to boost sectoral cooperation
The two parties will jointly organise workshops, training and awareness programmes to exchange knowledge and experience
02/20/2023
Sheikh Hamdan approves new model for government excellence in Dubai
The new government excellence model aligns with recent developments in government work mechanisms, including the ‘Services 360’ policy and the Dubai Future Readiness Index
02/17/2023
Doing business in the UAE: appointing a distributor
This enables them to benefit from local knowledge and a local distribution network, but navigating the agency laws is important to maintaining a successful and profitable relationship with local distributors.