06/18/2021
The report gives a comprehensive overview of the development of the UAE economy and financial system in 2020. CBUAE projects that the UAE economy is expected to gradually recover during 2021 and 2022 from the repercussions of the COVID-19 pandemic
06/18/2021
The UAE has entered into approximately 136 double tax treaties, all of which contain a MAP article based on the provisions of article 25 of the United Nations Model Double Taxation Convention and the OECD Model Tax Convention.
06/17/2021
QCB denies QLM from paying interim dividend
The company’s Ordinary General Assembly agreed to distribute an interim dividend to shareholders from under the profit account for the year 2021
06/17/2021
UAE and Saudi central banks awarded 2021 Global Impact Award
Recognition is for digital cross-border payment initiative Project Aber
06/17/2021
The rules do not affect existing risk-weighted capital requirements.
06/17/2021
The Amendment proposed that all business activities in the UAE are open for 100% foreign ownership except for a negative list of activities which would be determined by the relevant UAE authority.
06/17/2021
Bain & Company's 2021 Impact Report outlines the transformative impact the company is working to create--as a partner to its clients, as a champion for global communities and as a firm
06/17/2021
About 3,000 bankers, or more than 10% of the banking industry workforce, have resigned or lost their jobs so far since a financial crisis flared up in late 2019
06/17/2021
PPA, GOSI also own other assets including bonds, real estate
06/16/2021
Firm says its new investment will create 100,000 jobs globally in five years
06/16/2021
It’s unclear whether any major decisions have been put on hold since April 20, when the nine-member board’s term expired.
06/16/2021
Unifying efforts has contributed to raising the UAE’s compliance AML/CFT
06/16/2021
The UAE Penal Code imposes positive obligations on all persons to report crime.
06/15/2021
This law also repeals Federal Law No. 19 of 2018 regarding foreign direct investment, which had allowed foreign investors to own up to 100 per cent.
06/15/2021
Per a KPMG statement, the UAE iteration was inspired by a similar contest
06/14/2021
Saudi Arabia was regarded as especially exposed to the fallout from a global tax.
06/14/2021
The United Arab Emirates entered the world’s top 10 tax havens for the first time in March, according to the Tax Justice Network.
06/14/2021
As such, Banque Misr will be having operations in four African states given that it already has a branch in Cote D’Ivoire.
06/14/2021
Global law firm Clyde & Co was named 'International Law Firm of the Year' for the second year in a row at the prestigious Legal Week Middle East Legal Awards 2021.
06/14/2021
The Guidances will assist the understanding and mitigation of risks as well as the effective performance by the LFIs of their AML/CFT statutory obligations