09/19/2016
Qatar second in WB’s GCC Logistics Performance Index
The UAE is in the top among the GCC countries with 13th rank while Oman is on 48th and Saudi Arabia on 52nd rank.
Legal, Tax, Regulation & Compliance
09/19/2016
Egypt needs regulations to become more business-friendly: IFC regional director
The IFC invested a total of $352m in 7 projects across Egypt’s banking, manufacturing, infrastructure, and hospitality sectors.
09/15/2016
ADGM FSRA Issues Scam Alert About Rothschild Gulf Investment
RGIB has not been granted a Financial Services Permission as an Authorised Person or be an Exempt Person and is not an entity with any presence both legally and physically with ADGM.
09/15/2016
Guernsey regulator signs MoU with Abu Dhabi counterpart
Zoë Cousens, Guernsey Finance’s Middle East representative, who was present at the signing ceremony along with Chief Executive Dominic Wheatley, said the MoU would aid her work in the region.
09/13/2016
SBP moves to boost Islamic finance
State Bank of Pakistan aimed at boosting Islamic finance
09/12/2016
Iran asks France to remove obstacles in banking ties
The Iranian bank governor, for his part, underscored the vitality of boosting bilateral banking relations and called such ties the prerequisite for enhancement of mutual economic cooperation.
09/12/2016
KFH inks housing deal with Bahraini developer
Mazaya is a social housing finance scheme between the Housing Ministry and KFH-Bahrain to offer loans subsidised by the government.
09/12/2016
Withdrawal of CBRs by foreign lenders weigh on Arab banks
It found that the number of accounts being closed appeared to be increasing, with 63% of the participant banks reporting the closure of CBR accounts in 2015 against 33% in 2012.
09/09/2016
Turkish Central Bank Decreases Reserve Ratio Requirements Further
In the aftermath of the attempted putsch, the Central Bank has continued its measures to fortify the financial system by providing unlimited liquidity to banks, as well as adjusting TRY reserve ratio requirements and the ROCs.
09/09/2016
BRSA Incentivizing Energy Sector Debt Refinancing
The Regulation came into effect on August 5, 2016
09/08/2016
Draft law on regulating work of real estate brokers gets Cabinet nod
Realty brokers have to adjust their existing operations in line with the new law within a maximum of six months from the date it comes into effect.
09/07/2016
Turkish bank regulator takes control of Boydak in coup probe
Who Turkey wants extradited from the United States, has denied involvement in the coup attempt.
09/07/2016
MP demands ‘sorting’ expat population
And if he fails, he is given a second opportunity to pass the course.
09/07/2016
New UAE bankruptcy law to be operational in early 2017
It will be based on modern legislative and economic principles to help boost business confidence
09/06/2016
Saudi Arabia-based asset manager with responsible investment approach to Islamic finance joins RFI Foundation
It is now emerging as a pioneer in combining ESG investment standards along with its Shari'ah fundamentals in many of its investments.
09/06/2016
UAE bankruptcy law final draft approved by cabinet
The UAE cabinet on Sunday approved the final draft of the federal bankruptcy law
09/06/2016
Al Baraka unit to merge with Pakistan’s Burj Bank
The Bahraini bank will be the major shareholder in the merged institution.
09/06/2016
UAE Entrepreneurs, Investors Welcome Proposed Bankruptcy Law
Though the finer points of the individual provisions of the law are not known at this stage.
09/06/2016
UAE bankruptcy law will not offer protection for defaults on personal debt
A number of small business owners in the UAE have fled the country leaving unpaid loans over the past two years.
09/06/2016
Israeli Court Issues FATCA Injunction
The US Congress enacted FATCA in 2010 to target non-compliance by US taxpayers using foreign accounts.