Booming Dubai property market hits 'record high'
With property transactions up 34.5 percent year-on-year, the first quarter of 2021 saw Dubai shrug off the cloud of the…
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Tax or no tax, UAE aims to remain magnet for investors
Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming…
Should GCC states be afraid of the G7 corporate tax plan?
The threat seemed clear. The low-tax countries of the Middle East would have to fall in line with the high…
Germany buys Dubai data to track possible tax evasion
Germany has bought a trove of data that could help treasury officials track down possible tax evasion by wealthy German…
UAE residents' savings swell to $54.22bln during pandemic
UAE residents’ savings have swelled during Covid as pandemic-induced restrictions and lockdowns led people to spend less on travel, entertainment,…
Israel group sues Qatar banks, charities for more than $360m
Israeli Shurat HaDin organisation has filed a lawsuit against Qatari banks and charities demanding 1.2 billion shekels ($360 million) over…
Bahrain's Sizable Islamic Banking Sector Has Scope for Growth
The market share of Islamic banks (including Islamic windows) in Bahrain is expected to increase in 2021-2022 after reaching 37.1%…
Saudi sovereign fund PIF to invest in Investcorp-Aberdeen infrastructure fund
Saudi Arabia's sovereign wealth fund PIF will become an anchor investor in an infrastructure fund being launched by Bahrain's Investcorp…
Bank regulators plan capital rule for bitcoin
Banks must set aside enough capital to cover losses on any bitcoin holdings in full, global banking regulators proposed on…
SAMA advances licensing process of two digital banks
The Saudi Central Bank has announced that it has completed the procedures related to studying the two license applications for…
Egyptian regulator tells Banque du Caire, others to IPO this year
Egypt's Financial Regulatory Authority has given Banque du Caire and three other listed companies until the end of the year…
Qatar set to enter period of accelerated growth
Qatar’s economy is set to enter a period of accelerated growth, supported by several factors including expansion of Liquefied Natural…