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Legal, Tax, Regulation & Compliance

04/24/2023

French prosecutors accuse Lebanon central bank chief of hiding fraud

The accusation of using fake account statements, which had not previously been reported, is contained in documents sent to Salameh by French judicial authorities ahead of a planned hearing in France on May 16

04/24/2023

Turkish Central Bank set to meet for interest rate

In his speech on April 21 in Istanbul, President Recep Tayyip Erdoğan said both interest rate and inflation would decline.

04/24/2023

UAE free zones launch special rates as new businesses consider mainland options, corporate tax

Free zones line up new incentives as new overseas entities plan launches in UAE

04/20/2023

Doing business in the UAE: an introduction

The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Shajah and Umm Al Quwain.

04/19/2023

Oman: CBO issues treasury bills worth $109.1mln

Treasury bills are short-term highly secured financial instruments issued by the Ministry of Finance

04/17/2023

Dubai Court orders KPMG to pay investors $231m over Abraaj fund audit

KPMG Lower Gulf says it has appealed against the decision to a higher court

04/14/2023

MENA economies to expand at a slower pace in 2023 - IMF

For GCC oil exporters higher prices will offset impact of lower growth

04/14/2023

JCB and The Saudi National Bank Sign an Agreement

This step will allow JCB cardholders visiting the Kingdom, whose numbers are increasing in the global markets

04/13/2023

The use of British Virgin Islands Trusts in the Middle East

The BVI specialist trust legislation is the Virgin Islands Special Trusts Act (VISTA), which disengages certain traditional trustee duties in relation to certain trusts that own shares in BVI companies.

04/12/2023

Kuwait partakes in IMF and World Bank forum

About 200 parliamentarians from about 100 countries are participating in the Global Parliamentary Forum

04/05/2023

What the UAE’s corporate tax means for SMEs

Understand a company's revenue stream to know the beneficiary’s identity from a taxation perspective

04/04/2023

Abu Dhabi sees 40% drop in labour dispute cases

The decline in labour cases reflects the success of the Abu Dhabi Judicial Department’s campaigns to raise awareness of the legal rights of employees

04/04/2023

Bahrain unveils new ‘golden licence’ to attract investors

The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation

04/03/2023

UAE Central Bank cancels licence of Russia's MTS Bank in Abu Dhabi

The lender will have to wind down its operations within six months from the date of the decision

04/03/2023

Saudi consumer spending rose 10% in February 2023: SAMA

February month saw the Kingdom's POS transactions reaching 633.2 million, which are made through ATMs and credit cards and processed through 1.51 million POS devices.

03/31/2023

ADIB’s Internal Shari’a Supervisory Committee issues over 30 Shari’a certificates

More than thirty certificates were issued, covering various products of Retail Banking including car financing, goods, real estate, investment funds, and investment deposits

03/30/2023

Saudi Arabia’s climate action can help defuse regional conflicts

The rising awareness of the need to combat climate change provides an opportunity to break that vicious cycle.

03/30/2023

Corporate Tax is ‘a good opportunity’ but panel of experts raise red flag on awareness

Discussion session by Corporate Group throws light on challenges in introduction of tax regime and perils for taking it lightly

03/30/2023

UAE's genome project will benefit the entire Arab world

The 10-year genome strategy in the UAE will go hand in hand with the country’s adoption of artificial intelligence and other advanced technologies

03/28/2023

St James’s Place set for UAE licence

Firm has received in-principle approval to open an office in the Dubai International Financial Centre

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