08/24/2021
Introspect Capital appoints Shariyah Review Bureau
The Shari'a-compliant Fund invests in listed equities in the Middle East and North Africa, which are identified through a consistent, research-focused, bottom-up process
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.