Saudi index hits more than 9,000 points for first time since 2019
Saudi Arabia’s stock market on Sunday crossed the 9,000 mark for the first time since July 2019. The benchmark…
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Qatar Chamber to host 1st virtual general assembly on February 15
Qatar Chamber will hold its general assembly meeting on Monday, February 15, via video conferencing, and will be presided over…
Kuwait pension fund posts record asset gain but braces for volatility
Kuwait’s Public Institution for Social Security had its best performance ever in the first nine months of the fiscal year…
Experts stress need for data privacy
Experts in the fields of big data and technology exchanged views on the need to develop an international regulatory and…
Qatar: Tax authorities clarify transfer pricing reporting requirements
On 2 February 2021, Qatar’s General Tax Authority (GTA) held a webinar to provide additional clarification regarding the transfer pricing…
New Developments – Foreign Direct Investment In The UAE
In the latest issue of The Mena Business Law Review Partner Lara Barbary and Senior Associate Robert Mitchley write about…
UAE's Oman Insurance records its best net income in 5 years, at Dh196.5m
One of the UAE’s biggest names in its industry, Oman Insurance Co. improved on its net income, totaling Dh196.5 million…
Exchange house in UAE fined Dhs504,000 by Central Bank
The Central Bank of the UAE (CBUAE) said on Wednesday that it had fined an exchange house operating in the…
Central Bank's total assets up 6.6 percent to AED470.5 bn in December
The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the…
UAE trust law creates ‘hugely important tool’ for wealth sector
The UAE Ministry of Finance said that its trusts law will help increase the “competitiveness” and “attractiveness” of the country’s…
Long-term lower revenues to strain GCC spending: IMF
GCC economic fundamentals are forecast to strengthen in 2021 on the back of a buoyancy in oil prices, but in…
Instant transfer between banks 24/7 from Feb. 21
The Saudi Central Bank (SCB) announced on Thursday the launch of the instant payments system effective from Feb. 21, and…