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Legal, Tax, Regulation & Compliance

08/23/2021

GAC needs to reintroduce itself with more mergers expected in Saudi Arabia

Post-pandemic economic hardships, many small and medium-sized companies in different sectors are exploring mergers as a strategic option for either growth or simply for survival.

08/23/2021

Saudi SMEs get 3-year exemption from commerce fees

The initiative aims to support and reduce the startup cost of business

08/23/2021

Eight individuals and three companies convicted for cyber fraud and money laundering crimes in Dubai

Dubai Public Prosecution investigation reveals defendants hatched elaborate plot to hack into a company's bank account and launder stolen funds worth around AED14 million

08/22/2021

Curtis Establishes Presence in Saudi Arabia

The office will provide Saudi and international legal services to clients based in the Kingdom and Saudi legal services to international clients.

08/22/2021

UAE Securities and Commodities Authority's new licensing regime

What you need to know about the UAE Securities and Commodities Authority's new licensing regime.

08/20/2021

Alleged Italian drugs kingpin linked to stolen Van Goghs arrested in Dubai

Raffaele Imperiale, suspected of buying Van Gogh paintings on black market, considered one of Italy’s most dangerous fugitives

08/20/2021

With Lebanon's banking secrecy suspended, A&M resumes its audit

Behind the scenes, the scheme benefitted the country’s elite class, who could enjoy decadent lifestyles off their interest income.

08/20/2021

Qatar banks increase of non-Qatari ownership is latest in ‘pro-market policies’

In April, the Cabinet approved a draft law that allows foreign investors to fully own companies listed on the Gulf state’s stock exchange.

08/19/2021

UAE Central Bank issues new guidelines on hawala transactions

New regulations will help combat money laundering and terror financing

08/19/2021

UAE Central Bank issues new guidance to hawala providers and financial institutions

Guidelines will help combat money laundering and financing of terrorism

08/19/2021

Cabinet approves increase of non-Qatari capital ownership in major banks

The Cabinet affirmed the continuation of work with the procedures and precautionary measures that have been taken in order to combat this pandemic.

08/19/2021

LIBOR transition and Islamic finance in the GCC – accelerating the transition

While the transition away from the use of LIBOR towards risk-free rates (RFRs) or other benchmark rates has made great strides in the US, UK and some European markets

08/19/2021

Middle East & North Africa: Handling transfer pricing disputes in MENA - The shape of water

Against this backdrop, the Middle Eastern economies are battling lower oil prices and budget deficits, which in turn increase the pressure for fiscal receipts.

08/19/2021

UAE Securities and Commodities Authority's new promotion regime

Key takeaways of the UAE Securities and Commodities Authority’s new promotion regime.

08/18/2021

UAE tightens measures to combat money laundering

Ministry of Economy affirms UAE’s continuing efforts to enhance compliance

08/18/2021

Banque Misr, Arabia Holding ink $50.92mln loan agreement

Arabia Holding will secure the loan to finance the first and second phases of Sun Capital project, spanning 557 acres in the Sixth of October city, the state-owned bank added

08/16/2021

Kuwait considers reducing visa fee for residents aged over 60

The country had earlier banned the issuance of work permit renewals for expatriates aged 60 who do not hold university degrees

08/16/2021

Prince Andrew's banker friend is named in 'plot to financially ruin oil-rich Qatar'

Qatar has accused Mr Rowland, 76, of launching a cover-up over his alleged role

08/16/2021

SCA freezes new licences as UAE advisers face client-centric rulebook deadline

It also referred to applications previously submitted to the SCA which were "not completed or will be adjudicated before the date, in which this decision came into effect, shall be void", International Investment can reveal.

08/15/2021

Macfarlanes secures important disclosure judgment in major conspiracy case

The Court upheld Qatar’s challenge to that privilege claim.

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