05/17/2021
Al Salam Bank Partners with the Ministry of Housing and Eskan Bank for the Danaat Al Baraka project
As part of the "Mazaya" Social Housing Scheme
Legal, Tax, Regulation & Compliance
05/13/2021
Saudi businesses must submit excise tax returns before May 15
The excise goods tax in Saudi Arabia is imposed on goods that have negative effects on public health or the environment.
05/12/2021
KPMG renews commitment to Special Olympics in the region
National director of Special Olympics UAE Talal Al Hashemi noted his organisation’s commitment to building value-driven collaborative relationships.
05/12/2021
Bank Muscat encourages customers to use digital channels to transact safely
The bank pointed out that the bank’s e-channels and digital channels are continuing to play a key role in promoting health and safety of everyone during a period of enhanced social distancing
05/12/2021
Al Rayyan municipality tops in building permit issuance in April
Umm Slal municipality issued 30 permits, Al Khor municipality 27 permits, Al Sheehaniya municipality 14 permits while Al Shamal municipality issued 10 permits.
05/11/2021
Qatar freezes assets of six citizen businessmen
The six were named in a central bank circular distributed to financial institutions late last week
05/10/2021
DIFC Courts boosts 'paperless' mission withadoption of electronic seal 'Ethaq'
Electronic seal 'Ethaq' is a custom-built initiative, powered by Dubai Electronic Security Center (DESC) to enable authenticity of entities' documents through UAE PASS, the secure national digital identity platform of the UAE
05/10/2021
Banque Misr, MoneyFellows to provide fintech services
Bank will be providing MoneyFellows with payment services to develop together new disbursement
05/07/2021
Tabreed selects Deloitte Consulting for SAP transformation
SAP expertise aside, Deloitte was picked as implementation partner for its broader digital capacity to oversee far-reaching changes in process design, change management and targeted operating model improvement.
05/07/2021
COVID-19 impact: UAE reduces penalties on VAT, excise tax
The new provisions will be applicable 60 days as from April 28, 2021
05/07/2021
Qatar finance minister arrested over alleged embezzlement -statement
Emadi steered Qatar’s economic policies during the 2014-2015 oil price crash that prompted the tiny nation – as well as other Gulf countries – to accelerate plans to diversify the economy.
05/07/2021
Kuwait may take 4 years to introduce personal taxes
Political gridlock and a lack of expertise holding up plans
05/07/2021
Qatar Emir sacks finance minister over corruption charges
Ali Shareef Al Emadi arrested over alleged abuse of power and misuse of public funds
05/07/2021
Turkish central bank sticks to high interest rates after inflation rise
The central bank also said that past rate hikes – including as recently as in March – have begun to cool demand in the economy.
05/07/2021
Jordan fires Basem Awadallah from Arab Bank administration
He was detained last month over an attempt to destabilise the kingdom's security.
05/06/2021
Lebanese judge orders asset freezes for individuals tied to major banks
The complaint accuses local banks, which have frozen customers out of their deposits and blocked them from transferring cash abroad since the crisis erupted in late 2019, of crimes including negligence and fraud.
05/06/2021
New Saudi law boosts efforts to combat financial fraud
Under the new law, the possible punishments for individuals convicted of committing financial crimes include up to seven years in prison and a maximum fine of SR5 million ($1.3 million).
05/05/2021
UAE shakes up residency rules by offering passports to wealthy expats
Emirate hopes reforms will encourage investment and boost economy
05/05/2021
QCB issues QR600 million treasury bills for May 2021
The treasury bills are issued through auction for banks operating in Qatar
05/04/2021
Jump in demand for second passports among KSA expats
People have realized that they strongly need a plan B