11/16/2022
CBB Sukuk Al-Salam securities fully subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days
Legal, Tax, Regulation & Compliance
11/16/2022
President highlights UAE’s ambitious, yet balanced, approach to achieve sustainable outcomes at G20
Mohamed thanks Indonesian presidency for great G20 efforts, wishes success for India
11/14/2022
United Arab Emirates: The Dubai Financial Services Authority introduces a regulatory framework for recognized crypto tokens
In early 2022, the Emirate of Dubai also introduced the Virtual Assets Law and established the Virtual Assets Regulatory Authority (VARA) as Dubai’s primary virtual assets regulator.
11/14/2022
First Middle East exchange launches corporate climate change disclosure initiative
IFC will provide technical support and training to the employees of the Amman Stock Exchange and its listed companies
11/09/2022
Saudi Kayan signs murabaha facility worth $800mln
The facility to be used to support working capital requirements
11/09/2022
New UAE visa rules: Validity decreased for visas issued in free zones
The country has over 40 multidisciplinary free zones, and both expatriates and foreign investors are allowed to have full ownership of companies
11/09/2022
UAE: Company director fined Dh400,000 for employing workers illegally in Dubai
Seven labourers arrested for staying in the country illegally, working for another sponsor
11/07/2022
NCP signs a cooperation agreement with Riyad Bank
This stems from the banking sector being one of the most important strategic partners in the success of privatization and PPP (P&PPP)
11/07/2022
CBB receives renewed ISO certification for Information Security
CBB fulfilled all requirements relating to the international standard and achieved the highest level of competency
11/04/2022
UAE Labour Law amended to help employers retain talent
But thousands of employers have already updated employment contracts to comply with the original three-year cap.
11/04/2022
What Indians living in UAE need to know about income tax returns
NRIs could be required to submit returns in certain scenarios even if there is no tax payable
11/04/2022
DIFC regulator DFSA's penalties of Dh5.5m on KPMG and Dh1.83m an ex-auditor to stay on their Abraaj work
KPMG decides to withdraw DFSA fine review over its work with Abraaj Capital
11/04/2022
For expats, Sharjah's property ownership decree clears path on inheritance, transfer of rights - will an offplan boom follow?
Decree sets up clear guidelines on ownership, property rights transfer and inheritance
11/03/2022
UAE’s unemployment insurance scheme to begin on January 1
Those with basic salary below Dh16,000 can get payout of up to Dh10,000
11/02/2022
Central banks are stocking up on gold as demand reaches pre-pandemic levels
World Gold Council says total demand for gold jumped 28% on year
11/01/2022
Sharjah announces changes to real estate ownership law for expats
The amendment mentions the circumstances under which a person who is not a citizen of the UAE or of a Gulf nation can own real estate in the emirate
10/28/2022
IMF confirms $3bn loan for Egypt, welcomes exchange rate flexibility
The announcement came after Egypt’s central bank announced that it raised key interest rates by 2 percent and switched to a more flexible exchange rate system in a bid to combat the country’s mounting economic issues.
10/26/2022
Saudi Arabia signs six MoUs on opening day of 6th Future Investment Initiative
The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities
10/25/2022
Dubai Court declares Arabtec bankrupt, approves liquidation of its assets
Dubai Court's final ruling also applies to all Arabtec subsidiaries
10/24/2022
Goldman, banker agree settlement terms over London dismissal lawsuit
A lawyer for Thomas Doyle, the bank's former EMEA head of synthetic swap sales, on Saturday confirmed that settlement terms had been reached over ordinary unfair dismissal claims