02/01/2022
CBUAE launches new general terms and conditions for its standing credit and liquidity insurance facilities
The new terms and conditions, which will come into effect on March 1, 2022, define the discretionary powers related to the activation of these facilities, and the guidelines for collateral management
02/01/2022
Why employees will continue to pay no income tax in the UAE
What is the difference between corporate and salary tax?
01/31/2022
The new AML Consulting Services include the preparation of AML/CFT Policy and procedures as per the guidelines of the ministry.
01/31/2022
UAE company used Pilatus Bank to send 'suspicious' transections to a Seychelles company called Mayor Trans
01/28/2022
Kuwait corruption case: Swiss banks avoid UK bribery trial
Kuwait’s state pension fund is pursuing its former head over a $850 million embezzlement scandal
01/28/2022
QIIB obtains ISO 27001 certificate for third time
“Receiving the ISO 27001 certificate is a practical indication to all our customers and dealers that we are a trusted partner and reliable in all circumstances to obtain the best banking services that enjoy the highest standards of safety and protec
01/28/2022
The agreement focuses on enabling Ultra High Net Worth Individuals and family offices, with DMCC being the primary destination for global business.
01/27/2022
Naqvi and partner Siddique refer decision to tribunal
01/27/2022
UAE introduces new Articles of Association
Those regulations require the adoption by 2 January 2022 either of the updated Standard Articles (model AOA prescribed by the DMCCA) or of Non-standard Articles (modified AOA), which take effect on their registration by the Registrar.
01/26/2022
OECD to launch global report on pensions from Bahrain
Speakers in the Webinar shall be the writers of the report, which include Maciej Lis, pensions economist, Andrew Reilly, pension analyst and Romain Despalins, OECD statistician.
01/26/2022
Abu Dhabi issues new family business ownership governance law
The law also aims to increase family businesses' contribution to growth and economic diversification
01/26/2022
Open Banking Exchange launches in Saudi Arabia
By working with regulators, self-regulated organisations (SROs), and national communities, OBE helps turn vision into operational reality.
01/26/2022
Deutsche Bank blames client in $565m false sales lawsuit
Deutsche Bank is now investigating whether some of its products were mis-sold.
01/25/2022
The growth reflects the ongoing efforts to consolidate the emirate's position as a global platform for e-commerce
01/25/2022
The capital of Kuwait Credit Bank is increased by $993.31mln
01/25/2022
The parliamentary proposal had aimed to increase the capital of the Credit Bank by 750 million dinars in order to finance housing units for Kuwaiti citizens.
01/25/2022
The earlier deadline for re-determination was December 31, 2021
01/25/2022
Transaction represents Chimera’s second venture capital fund as it looks to find multi-million dollar opportunities in "growth-stage" companies.
01/24/2022
The Real Estate Price Index aims at creating significant real estate statistical indicators that measure the performance of the real estate market in the kingdom and close the data gap in this sector
01/24/2022
The percentage of respondents having this perception, however, fell to 30%-35% in 2021 and 2022, the QCB noted.