05/05/2021
UAE shakes up residency rules by offering passports to wealthy expats
Emirate hopes reforms will encourage investment and boost economy
Legal, Tax, Regulation & Compliance
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
05/04/2021
Du secures $1bln financing deal with a group of banks
Telecoms company says two-part finance deal will be used for corporate purposes and infrastructure deployment
05/03/2021
Central Bank of UAE issues specialised banks with low risk regulation
These banks to have a minimum paid-up capital requirement of Dh300 million
05/03/2021
Istanbul joins EBRD Green Cities urban sustainability programme
The EBRD is already financing two metro lines that keep Istanbul on the move, and we are ready to fund more improvements to public transport and other areas of city life.
05/03/2021
Lebanon central bank chief says French properties bought prior to becoming governor
A non-profit organization Sherpa and a group of lawyers had filed a legal complaint to France’s financial prosecutor against him over alleged corruption and money laundering
04/30/2021
DLA Piper announces the promotion of Bahrain-based Mohamed Toorani to its partnership
In addition to Mohamed's promotion to partnership, the firm has announced the promotion of one lawyer to Legal Director and six lawyers to Senior Associate across its regional offices
04/30/2021
Female judges take on the banks in Lebanon
Judges Ghada Aoun, Amani Salameh and Rania Rahme have all issued decisions against the country’s major financial establishments in recent weeks
04/30/2021
Firms not complied to the UAE anti money laundering regulations to be penalised from May 1
Extended grace period for registration ends on April 30, 2021
04/30/2021
UAE introduces guidelines on anti-money laundering
The guidelines are set to be published on the NAMLCFTC and other regulatory bodies’ websites, to increase knowledge of the rules and ensure action by licensed entities.
04/29/2021
To promote financial inclusion National Bank of Egypt and talabat partner to provide advanced digital payment solutions
The cooperation stems from the mutual strategic focus towards the expansion of electronic payments, as well as supporting the Egyptian government's financial inclusion and digital transformation policies
04/28/2021
UAE Government to enforce anti-money laundering rules with AED5m fines
The inspection campaign targets include brokers, real estate agents, auditors, dealers of precious metals and gemstones, and corporate service providers.
04/28/2021
UAE Ministry of Economy starts inspections at brokers, consultants on anti-money laundering compliance
Designated businesses have to get compliant ready by April 30
04/28/2021
Clyde & Co represents Credit Suisse on key DIFC Court of Appeal win
Clyde & Co represented Credit Suisse in the DIFC Courts proceedings,
04/27/2021
Appleby Lawyers Recognised in Legal 500 Europe, Middle East & Africa Rankings
Legal 500, one of the leading international legal directories has published its Europe, Middle East & Africa rankings with the firm retaining its Leading tier 1 position.
04/26/2021
UAE, UK host anti-money laundering training sessions
Key institutions from across the UAE benefitted from the skills and knowledge exchange
04/26/2021
Saudi Central Bank issues SR200 banknote to celebrate 5th anniversary of Vision 2030
The Central Bank stated that the new Two Hundred denomination was printed according to the latest standards in the field of banknote printing.
04/23/2021
The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal's national electrification and LNG-use ambitions
The Powership will soon shift from the use of heavy fuel oil to gas.
04/22/2021
UAE Central Bank fines an exchange house almost Dh500,000
The penalty related to breaching anti-money laundering and combating the financing of terrorism rules