05/28/2022
Turkey’s central bank holds its policy rate at 14% despite soaring inflation
The lira, which has tumbled this year on top of a 44% slide last year, weakened a further 0.4% to 16.4220 against the dollar by 1241 GMT.
Legal, Tax, Regulation & Compliance
05/26/2022
UAE Government signs sustainable global strategic partnership agreement with WEF
The agreement aims to boost the exploration of future opportunities, while augmenting integration and cooperation in supporting global efforts to achieve mutual objectives and develop comprehensive future plans and strategie
05/25/2022
The CBB grants a Funds Administration Licence to Crestbridge Funds Services W.L.L.
Crestbridge has administered funds and provided administration and operational governance services in Bahrain for 17 years
05/25/2022
Winding up a company invested and managed in the Middle East - Al Najah Education Limited – [FSD 119 OF 2021(RPJ)]
Historic concerns on dissipation and mismanagement which are now irrelevant will unlikely persuade the Court to appoint provisional liquidators.
05/25/2022
ROP, Bank Muscat to continue with joint anti-fraud campaign
The awareness campaign is being carried out as part of social responsibility using various media channels including Oman TV, radio, print, online media, and social media.
05/23/2022
New law urged to regulate investment in Bahrain
The draft law, it pointed out, aims to achieve the kingdom’s economic vision 2030 by creating an attractive and safe environment for local and foreign investment
05/23/2022
Abu Dhabi court jails 79 people for swindling investors in fake stock trading scam
Group included 72 Chinese nationals
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.