07/07/2021
UAE seeks to tighten anti-money laundering and terror financing measures
Financial sector regulators and law enforcement agencies urged to tighten procedures
Legal, Tax, Regulation & Compliance
07/07/2021
GCC Quarterly Review Q2 2021
The UAE Central Bank has issued two new regulations as to capital requirements.
07/06/2021
Central Bank maintains Information Security ISO Certification
It also stresses that CBK’s data security management system meets the requirements for protection of information and data centers and enhances the information security level throughout the bank.
07/06/2021
Turkey sets conditions in international agreements in favor of businessmen close to Erdoğan
The agreement states that priority in the selection of contractors will be given to contractors that are currently working on the routes specified.
07/06/2021
Global tax reforms to impact tax liabilities of multinational companies in the UAE, Oman
UAE and Oman among 130 nations/territories endorsed the new tax reforms framework
07/05/2021
QFCRA plans new framework for funds targeting high-net-worth investors
The rules will create a new type of fund structure – the certified professional investor fund – focusing on high-net-worth investors.
07/05/2021
QFC signs MoU with Institute of Chartered Accountants of India
"The signing of the agreement with one of India’s most respected institutions marks yet another important step in our efforts to strengthen human capital and promote entrepreneurship in Qatar.
07/04/2021
Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance
A study of sovereign investors published by Global SWF singled out several of the largest entities in the region for insufficient disclosure and their lack of transparency.
07/04/2021
UAE’s liberalisation policy will continue to attract FDI to region: UN
The UAE also received more foreign direct investment in the year of the Covid-19 pandemic when the Emirates was ranked among the world’s top 20 FDI recipient countries
07/02/2021
Global tax overhaul backed by 130 countries
All G20 countries, such as the US, UK China and France, did back the agreement.
07/02/2021
Linklaters advises on first ever international convertible bond issued by a Turkish listed company
The bonds include a number of bespoke features, including leverage and guarantee covenants, a make-whole provision and an annual conversion price reset test.
07/01/2021
Deloitte experts release 'Transfer Pricing in the Middle East' guide
According to publisher LexisNexis (one of the world’s largest legal and tax information providers), this book is “the first of its kind in the Middle East region.
07/01/2021
Shariah-compliant fund from Ethos Invest aims to raise $1.38bln
UK-based fund will invest across the MENA region as well as the UK, Europe, Southeast Asia and North America
07/01/2021
Al-Marzouq: KFH has been operating in Turkey for over 30 years with a variety of achievements
KFH Group participates in the Investment Opportunities & Collaboration Areas between Turkey and Kuwait webinar
07/01/2021
Qatar Cuts Stake in Credit Suisse
The result is that U.S.-based fund manager BlackRock moves up into the top position with a 5.4-percent share.
06/30/2021
Banking fraud awareness and prevention
Why it is imperative to dedicate substantial resources to secure infrastructure
06/29/2021
CBD To Provide Digital Banking For DMCC-Licensed SMBs In UAE
The partnership with the DMCC is the latest in a series of agreements made by the CBD in what it describes as an effort to support the SME ecosystem.
06/29/2021
Turkish regulator urges banks to lend at a fair cost
Turkey’s government is seeking to stimulate economic growth through increased lending by the finance industry.
06/29/2021
UAE Central Bank issues guidance on anti-money laundering
LFIs are required to perform appropriate customer due diligence and report any behaviour that they reasonably suspect
06/29/2021
Ashurst’s M&A team sees two deal mandates in Abu Dhabi close
A new venture set up in Abu Dhabi Global Markets.