05/23/2022
Abu Dhabi court jails 79 people for swindling investors in fake stock trading scam
Group included 72 Chinese nationals
Legal, Tax, Regulation & Compliance
05/20/2022
Abu Dhabi financial watchdog weighs regulation of DeFi
The regulator reserved the option to approve specific DeFi protocols
05/20/2022
Barwa Real Estate signs lease contract with SC for over QR141 million
It is expected that this contract will contribute in increasing the Group's operating income during the lease term.
05/20/2022
Dubai forms task force to track digital economy
The move is expected to cement the emirate's status as a key city in the metaverse
05/19/2022
KPMG and Oracle discuss the future of banking in Kuwait
Members from KPMG in Kuwait and Oracle took the platform with dignitaries from several renowned organizations to discuss their ideas and insights
05/19/2022
PwC’s Global Economic Crime and Fraud Survey 2022
Protecting the perimeter: The rise of external fraud
05/18/2022
Abu Dhabi financial watchdog weighs regulation of DeFi
The regulator reserved the option to approve specific DeFi protocols, which would be held to a higher standard than recognised protocols.
05/18/2022
EU Considers Blacklisting UAE After ‘Dubai Uncovered’ Leaks
Amongst the Dubai Uncovered revelations were luxury villas and apartments in Dubai owned by suspected drug smugglers and corrupt officials.
05/17/2022
Tamkeen signs deal with Bahrain's BBK to support private sector
Tamkeen has signed partnership agreements with nine banks so far with the purpose of driving productivity and growth in the private sector
05/16/2022
QFC, Founder Institute sign MoU to boost business ecosystem
FI startups that are licensed by the QFC can benefit from 100 percent ownership, a robust legal infrastructure, and a dedicated Client Affairs team to support their business needs.
05/15/2022
UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed
The banking system remained resilient through the challenges under the wise leadership of the late UAE president
05/15/2022
Incomes, sales tax revenues up by 12% in first 4 months of 2022: Jordan
The director general noted that the increase in tax collection is attributed to the impact of reforms made by the department to address shortcomings and tax evasion
05/14/2022
Dentons advises on innovative ship finance deal
The financing is for the construction of two state-of-the-art very large gas carriers at Hyundai Heavy Industries
05/10/2022
Dubai government establishes debt management office, appoints CEO
Bankers say the move to set up a DMO will help attract debt investors like global money managers in a region where public markets dwarf equity markets.
05/10/2022
Alvarez & Marsal releases Saudi Arabia Banking Pulse for FY 2021
Strong growth in loans and advances driven by robust performance in the mortgage segment
05/06/2022
The new UAE Labour Law: what employers need to know
The law is designed to enhance employment rights
05/06/2022
Lebanon probe gets account data on central bank
The handover of complete information would mark significant progress in the investigations after months of delay.
05/06/2022
QCB revises up interest rates
All Gulf countries have their currencies pegged to the US dollar, except Kuwait, which pegs the Kuwaiti dinar to a basket of currencies that includes the dollar.
05/05/2022
UAE Central Bank raises base rate by 50 basis points
The base rate suggests the general stance of the Central Bank’s monetary policy
05/05/2022
Turkey inflation jumps to almost 70 percent in April as Erdogan accused of 'trying to re-write economics'
Turkey's annual inflation rate – the highest since Erdogan's ruling AK Party stormed to power in 2002, is largely linked to his unconventional economic thinking, analysts say.