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Legal, Tax, Regulation & Compliance

07/12/2021

Al Sulaiti Law Firm, OSM Qatar and ERA Qatar announce joint initiative for companies

This is why Al Sulaiti Law Firm, OSM Qatar and ERA Qatar have decided to cooperate together to propose Corporate Advisory Services in the three most important areas of any business - legal services, company management, operational cost optimization.

07/12/2021

Dentons advises Aldar Properties on first of its kind sustainability-linked loan of AED300 million from HSBC Bank Middle East

Aldar will use the loan for general corporate purposes, including planned environmental, social and governance (ESG) group initiatives.

07/09/2021

Saudi's AHAB nears end of years long debt dispute

A bankruptcy judge is expected to indicate within 60 days a date for a creditor vote, and distributions could follow soon.

07/09/2021

Turkey central bank governor under investigation for plagiarism

Opposition media have accused Arıcan of writing Albayrak’s thesis, citing leaked emails obtained by a Turkish hacker group.

07/09/2021

Banks asked to prepare long-term NPL strategy

However, bankers and officials said that no final government decision was taken on a capital injection.

07/09/2021

Mauritius Commercial Bank Ltd to adopt MITECH's TRAC Collateral Management system in the Cloud

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year.

07/09/2021

Saudi pension changes could hamper early retirement plans

Riyadh's national pension scheme has a serious hole in its finances, thought to be to the tune of approximately $213 billion.

07/08/2021

BAB signs MOU with Iraq Private Banks League

The two parties agreed to form a joint committee to consult and agree on implementing and following-up joint plans and programmes.

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

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.

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