11/12/2020
Conditions to Meet Before Liquidation of Company in UAE
What are the conditions to meet before Liquidation of a company in the UAE
Legal, Tax, Regulation & Compliance
11/12/2020
Standard Chartered Signs Deal With AWS
Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.
11/12/2020
Oman announces Omani Rial sovereign Sukuk issuance for retail investors
The Sukuk was offered with a minimum value of OMR10,000 during the period from November 4–10, 2020.
11/12/2020
Egypt’s central bank seeks to issue dollar-dominated T-bills during Nov.
Egypt's 2020/2021 draft budget aims to reduce public debt of GDP to 82.7 percent by end of June 2021
11/11/2020
UAE’s VAT revenue tops $3bln during Jan-August
The UAE began applying VAT on January 1, 2018
11/11/2020
UAE says has no plan for now to increase VAT
All six Gulf Arab states agreed to introduce 5% VAT in 2018
11/11/2020
Will the UAE introduce income tax for ‘high earners’?
And could that actually be a good thing for the financial advice sector?
11/10/2020
A partnership between Mashreq and Dubai Commodities to support growing companies
“It is not enough to stress the importance of SMEs in promoting the growth and diversification of Dubai’s economy,” said Subroto Som, Head of Personal Banking Group in the Mashreq.
11/10/2020
Bahrain Amends Law to Help Startups Raise Capital
The amendment allows closed shareholding companies to introduce employee share schemes, enabling them to retain talent and incentivize their employees.
11/10/2020
SALAMA successfully introduces new Individual Life product range in compliance with UAE Regulation 49
The revisions were made to ensure higher value for customers and promote more transparency on benefits, charges and growth rates
11/10/2020
FinCEN Files reporting from North Africa and the Middle East
ICIJ partners investigated suspicious transactions linked to oil and gas companies, a doping and bribery scheme, Iran sanctions evasions and more.
11/09/2020
United Arab Emirates: Economic substance notification and report templates issued
The MOF had removed the initial ES notification template from the MOF website due to errors contained within the template.
11/09/2020
United Arab Emirates: Court allows late payment penalties on voluntary disclosures
This can lead to significant penalties in many cases.
11/09/2020
Dubai watchdog stiffens oversight after private equity failures
Private equity industry in Dubai was rocked by the collapse of Abraaj in 2018
11/09/2020
Qatar businessmen keen on Islamic finance in PH
“There is also a potential, and inward focus into the Philippines from Qatar, around the area of Islamic finance or Islamic banking,” he said.
11/09/2020
Saudis targeted in new wave of financial scams
Fraudsters claim to be from trusted institutions such as central bank or Public Investment Fund
11/08/2020
Supporting business: More than 320,000 customers benefit from UAE Central Bank's TESS
CBUAE report states role played by national banks in providing financial relief
11/06/2020
Kuwait has no choice but to borrow to tackle deficit - audit body
The annual transfer will now be made only if Kuwait achieves a budget surplus
11/06/2020
Lebanon gets more time to meet audit demand by creditors
But the central bank has handed over less than half of the documents needed to proceed with the audit.
11/06/2020
Qatar Credit Bureau receives 2 ISO certifications for cybersecurity, business continuity
Sheikh Abdullah praised the centre's employees and its partners for their efforts in implementing the strategy and for their dedication to providing trusted solutions to their clients that helps develop the financial sector.