01/17/2022
KPMG records strong growth in FY21 in the Middle East & South Asia region
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021
Legal, Tax, Regulation & Compliance
01/13/2022
PwC to establish headquarters in Riyadh to serve Vision 2030 agenda
“In these centres we combine our capabilities with the best of our technology from around the world to provide opportunities to our clients to collaborate, dream and co-create with us,”
01/13/2022
Being on top of Ultimate Beneficial Ownership Compliance
While for lawmakers it is still a field for further discussion, companies in different jurisdictions are required to be compliant with the UBO laws already set out.
01/12/2022
BR Shetty: Barclays wins right to claw back $131m from NMC founder
UAE Exchange Centre reneged on a currency swap deal with the UK bank as crisis peaked in 2020
01/12/2022
Lebanese judge imposes travel ban on central bank governor amid probe
Riad Salameh is being investigated by authorities in Lebanon and Europe over alleged money laundering
01/12/2022
Saudi Arabia's AlAhli Takaful, Arabian Shield merger now 'effective'
Creditors did not raise objections to merger deal within set deadline
01/11/2022
Israel's One Zero Digital Bank gains full licence
Having gained a restricted licence in December 2019, One Zero operated on a trial basis initially but has now met all criteria, including raising the necessary capital.
01/11/2022
Emergency liquidity available for Egyptian banks
The rate of emergency liquidity will be determined at the central bank's overnight lending rate, and the Bank will set a margin set at a minimum of 5 percent.
01/10/2022
Six decrees issued to regulate Dubai Chambers, their Boards of Directors
The legislations also enable Dubai Chambers to map out a clear vision for the future by adding more roles and powers
01/09/2022
Financial soundness of UAE banks robust, says central bank
Economic recovery expected to support healthy balance sheet growth of banks
01/07/2022
UAE Central Bank M1 increased by 2.1% at end of November 2021
The Money Supply aggregate M2 increased by 1.3%
01/06/2022
Saudi Superyacht Dispute Pits Credit Suisse Against Gulf Prince
filing. The property estate, situated close to the storied Wentworth Golf Club outside London, was valued at 35 million pounds ($47 million) in 2019.
01/05/2022
UAE Faces Risk of Inclusion on Global Watchlist Over Dirty Money
Finance watchdog expected to make its decision early this year
01/05/2022
Saudi prince at war with bank over £48M super-yacht
The Swiss bank says two companies defaulted on two loans it had provided to refinance the purchases, and claims Prince Fahad, the guarantor for the loans, is the ultimate beneficiary of the assets, Bloomberg reports.
01/05/2022
United Arab Emirates: How To Be Protected From Bank Fraud And Procedures To File A Complaint
Once the criminals have intercepted the data on the card's magnetic strip and /or the user's secure pin, the data is then used to create fake cards with which funds are then fraudulently withdrawn.
01/05/2022
New UAE law: 11 things all bank account holders should know
The UAE’s revised Commercial Transaction Law came into effect earlier this week
01/05/2022
QCB issues QR600m treasury bills for Jan
Treasury bills are issued through auction for banks operating in Qatar.
01/05/2022
The Law Office of Salman M. Al-Sudairi and Latham Advise on the first ever IPO of a technology start-up in Saudi Arabia
Jahez’s SAR1.6 billion IPO marks the first listing in 2022 in Saudi Arabia.
01/05/2022
DIFC launches specialised court for digital economy
“The goal of the judicial system and courts in Dubai is to deliver prompt justice in a country where the law prevails,” he added.
01/04/2022
Barwa Real Estate obtains three global accreditation certificates
AlBinali emphasised that this achievement will constitute an additional incentive to continue Barwa Real Estate’s plans towards developing new projects that adhere to international standards.