04/20/2021
Egypt offers treasury bonds worth $1.05bn
Last Saturday, Minister of Finance Mohammed Maait announced that JP Morgan decided to include Egypt in its watchlist for government bonds for emerging markets.
Legal, Tax, Regulation & Compliance
04/20/2021
UAE overhauls tax penalty regime for businesses
The FTA will then have 40 working days, starting from the date of receiving the application, to issue its decision to waive or reduce administrative penalties.
04/20/2021
Crypto payments banned in Turkey — Is this just the beginning?
Turkey’s vibrant ecosystem took a hit from the new crypto payments ban, and industry participants speak out on potential implications.
04/19/2021
Consolidation spree in the Saudi insurance sector continues
Also, there is a study of a new law that will increase the capital requirement.
04/19/2021
FTI Consulting launches its IGP&S practice in the Middle East
“New privacy laws are significant drivers. The pandemic, especially the increase of people working from home, is another.”
04/16/2021
IMF calls for "strong" fiscal consolidation in Kuwait
The Gulf state's economy shrank by 8% last year
04/16/2021
Turkish central bank holds rates, drops policy pledge under new chief
The central bank said it maintained a tight stance in the face of lofty inflation expectations
04/16/2021
G20’s missed opportunity
Even before the pandemic, the Global South was heading for a debt crisis; but now, the situation has deteriorated dramatically.
04/15/2021
Abu Dhabi unveils intense plan for combating commercial fraud
The Abu Dhabi Department of Economic Development will also be strengthening its efforts to protect consumers from negative and illegal practices by some establishments during seasons and events
04/15/2021
VAT starts in Oman from April 16: What businesses need to know
Implementation of VAT framework and compliance must be a top priority for businesses
04/15/2021
ADGM Introduces Regulations Governing SPVS and Foundations
The public consultation commenced against a backdrop of success in, and increasing demand for, incorporating SPVs and foundations in the ADGM.
04/14/2021
Kuwait court orders pre-trial detention of former premier, newspapers say
The court denied a request to release Sheikh Khalid, also a senior member of the Gulf Arab state's ruling family, Al Jarida and Al Qabas dailies said
04/14/2021
Walter Jopp says some UAE advice firms ‘will not survive’
But Zurich Middle East CEO remains ‘committed’ to a ‘multi-channel distribution strategy’
04/14/2021
UAE adopts guidelines to combat money laundering and financial crimes
An updated national action plan for strengthening financial inclusion discussed
04/14/2021
Swiss money laundering probe eyes Lebanon central bank chief: report
Contacted by AFP, the Swiss attorney general's office confirmed Tuesday that its aggravated money laundering probe involving Lebanon's central bank was ongoing, but refrained from further comment.
04/14/2021
De Gaulle Fleurance & Associés open a subsidiary in Abu Dhabi
Registered with the Abu Dhabi Global Market, De Gaulle Fleurance EMEA Ltd. provides support and advice to companies seeking to establish a presence and to carry out investment projects in the Europe/Middle-East/Africa region.
04/13/2021
Entry into force of double taxation agreements with Brazil and Saudi Arabia
The agreement between the Swiss Federal Council and the Government of the Kingdom of Saudi Arabia for the avoidance of double taxation with respect to taxes on income and capital entered into force on 1 April 2021.
04/13/2021
Dentons advises the Islamic Development Bank on largest sustainable sukuk issuance
The transaction also represented the largest sustainable sukuk issuance globally to date.
04/13/2021
Deloitte advises education firm Al Faleh on its stock debut
“a listing and trading venue for SME’s that do not fulfil listing requirement of the main market,” and “an alternative route to market for the SME’s who need the access to capital that being listed entails.”
04/13/2021
Al Maryah Community Bank receives approval from UAE Central Bank
Customers can seamlessly open their accounts and experience a whole lot of smart banking services built on AI powered technology integrated with UAE Government's Smart Services