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Legal, Tax, Regulation & Compliance

04/09/2021

Qatar participates in GCC meeting on municipal legislation

Participants stressed during the meeting on the importance of activating the role of community engagement in regulation and inspection by using social media, and promoting that sides in all fields of municipal work.

04/09/2021

Another Record-Breaking Year For Middle East Debt Markets

Middle Eastern states hit the international debt markets with gusto in 2020, setting a record. Issuance is expected to be even higher this year.

04/08/2021

PwC’s Academy brings internationally recognised VAT diploma to Oman

The VAT diploma is delivered by highly experienced tax professionals and is a modular format, split into four manageable sections to accommodate the demanding schedule of working professionals.

04/08/2021

CMA issues administrative decision

The decision excluded the international bonds issued by the Omani Government

04/08/2021

Gulf growth forecasts raised by IMF

The United Arab Emirates, the Gulf’s second largest economy, will see growth of 3.1 percent this year

04/07/2021

Bank Nizwa approves distribution of cash dividend for shareholders

The AGM also disclosed the Sharia Supervisory Board’s Report for the year ending December 31, 2020.

04/07/2021

QFB improves balance sheet, overall liquidity position in 2020: Chairman

During the meeting, the AGM discussed and approved all items on its agenda, in addition to the business plan for the financial year of 2021.

04/07/2021

Lebanon’s central bank to commit to audit as Macron urged to freeze ‘doubtful’ assets

French President Emmanuel Macron should freeze suspect assets held by Lebanese officials in France to break a “political-economic mafia” that has plunged Lebanon into crisis and misery, an open letter said Tuesday.

04/07/2021

Middle East's life sciences players face high corruption risk

Other windows for corruption in life sciences include charitable donations, grey areas around public private partnerships and patient support programmes.

04/07/2021

Kuwait wealth fund reaches initial agreement on KPC dividends - source

KPC has owed for years about $23bln in dividends to the General Reserve Fund

04/06/2021

Mohammed bin Rashid approves Emirates Development Bank strategy

Allocating AED30 billion to support priority industrial sectors over five years

04/06/2021

Saudi Arabia has come a long way in diversifying economy, World Bank says

The World bank is ready to support regional countries technically and financially on their economic reform journeys

04/06/2021

Sawari Ventures raises US$71M for investing in Egyptian startups

The fund has increased its investment in high-growth Egypt companies to $68 million.

04/06/2021

Egypt, Japan sign MSME facility agreement worth $100m

New facility aims to boost MSMEs to lead Egypt’s economic growth

04/06/2021

UAE central bank issues best practice rules for financial p

The regulation "strengthens governance over the design, promotion and sale of financial products and services, and promotes responsible financing practices and appropriate disclosure of risks".

04/05/2021

Oman: New Economic Stimulus Plan includes extensive tax and other incentives

The plan contains a broad range of tax incentives for companies including enhanced relief for 2020 losses and an extension of the period for which withholding tax on dividends and interest paid to certain nonresidents is suspended

04/05/2021

UAE and Netherlands to boost trade ties

The total non-oil foreign trade between the pair has reached more than $3 billion in 2020, the minister said.

04/01/2021

EBRD and EU support crisis recovery in Morocco

The financing will help the company to increase its exports to European markets.

04/01/2021

JTC Continues Middle East Growth With Abu Dhabi Licence

The development enhances JTC’s commitment to the Middle East market and follows growth in the Dubai office.

03/31/2021

Kuwait approves law to guarantee bank loans for pandemic-hit businesses

The parliament also agreed to allow citizens that had been affected to delay repayments

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