04/11/2022
UAE’s Emirates ID replaces visa sticker in passport as proof of residency from today
Residents can also get a soft copy of Emirates ID, residence visa stickers for reference
Legal, Tax, Regulation & Compliance
04/08/2022
QIB completes legal procedures to raise foreign ownership limit up to 100%
The decision (to allow up to 100% FOL) is expected to enhance the country’s economic activity and attract overseas funds in efforts to diversify the economy
04/08/2022
IMF, Lebanon reach draft funding deal, subject to reforms
Legislative elections are scheduled for May 15, after which a new government will need to be formed
04/08/2022
UAE’s DFSA introduces ‘whistleblowing’ regulatory regime
DFSA’s regime aims to improve the whistleblowing culture among its regulated entities by increasing transparency around how they handle regulatory concerns
04/08/2022
QNB, QDB sign partnership agreement on 'Al-Dhameen' updated programme
It also includes a higher profit rate for all companies and does not require a percentage from entrepreneurs or investors.
04/08/2022
Egypt, World Bank hold talks over COP27
Fouad said that the conference will translate the decisions made at COP26 into operational steps
04/07/2022
Egypt to launch new phase of digital tax collection system by 1 July: Finance ministry
The system covers all tax types, including income taxes, freelance taxes, deductions and collection returns, value added taxes, and stamp taxes
04/07/2022
UAE’s economic growth on track for 4.2% GDP growth despite inflation rise: Central Bank
Inflationary pressures checkmated by rising dirham strength, says central bank’s update
04/07/2022
Kamco Invest shareholders approve distribution of 10 fils cash dividend
Al-Suwaidi: We fully endorse and support the sustainability strategy and the issuance of the first sustainability report for the year 2021
04/07/2022
PwC Middle East details six steps to develop sustainable Real Estate Markets in the region in a new report
To bridge the gap between high-performing Real Estate markets globally and those in the Middle East, PwC Middle East details six guiding principles for regulators in a new report titled Six Steps to Sustainability
04/06/2022
Lebanon judge lifts travel ban on 2 bankers
The measures affected the heads of Bank of Beirut, SGBL and Bankmed, in addition to Blom Bank and Bank Audi.
04/06/2022
Bank Nizwa signs agreement with Ministry of Labour to support ‘Sahim’ program
In accordance with the agreement, Bank Nizwa will provide timely and relevant Islamic finance options
04/05/2022
Standard Chartered: UAE requires AED 2.5trln investment to transition to Net-Zero
Report reveals potential impact of Net Zero on Household Consumption
04/05/2022
GTA sets April 30 last date for submitting tax returns
The General Tax Authority called on all Qatari companies to commit to submitting the tax return for the tax year 2021 before that date to avoid financial penalties in accordance with the Income Tax Law and its Executive Regulations, as the tax return must
04/05/2022
Dubai Financial Services Authority signs MoU with Central Bank of Mauritius
The MoU places an emphasis on technologies pertinent to financial services
04/05/2022
Lebanon's central bank not bankrupt, governor says
Country's economy contracted about 58 per cent between 2019 and 2021, World Bank figures show
04/01/2022
UAE's new labours laws trigger 'significant changes' to employment contracts
HRNews about some of the key employment law changes
04/01/2022
Saudi Arabia makes $5bn deposit in Egypt Central Bank
It is part of the kingdom’s efforts to support Egypt’s economy
03/31/2022
Reserve manager: Central Bank of the UAE
The Middle Eastern institution approved a new investment policy, allowing it to diversify into new asset classes and, for the first time, allocate part of its portfolio to external managers
03/31/2022
Egypt’s CBE, Arab Monetary Fund ink agreement to tap regional payment settlements, set-offs
In line with Egypt Vision 2030, CBE has adopted a strategy that focuses on digital transformation and financial inclusion, particularly in the banking sector.