Getting tax submissions wrong now come with a much stiffer penalty in UAE
Each voluntary disclosure made by UAE businesses on their taxes will now cost them dearly – a federal court ruling…
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UAE's revised Bankruptcy Law extends valuable 12 months to struggling businesses
Winning an additional 12 months to pay off claims will be the biggest gain for troubled business from the UAE’s…
The slow rise of neobanking in the Middle East
This week’s biggest financial news came from Abu Dhabi after investment firm ADQ, the holding company for some of the…
Crypto Custody Firm Curv Nabs New Funding from Global Asset Manager
Israeli startup, Curv, which provides security infrastructure for digital assets, has secured additional funding from fintech VC Illuminate Financial Management…
Northern Trust Asset Management’s Dzanis joins Investment Association Board
Marie Dzanis, Head of Europe, Middle East and Africa (EMEA) at Northern Trust Asset Management has been appointed to the…
Largest Russian Bank to open office in Abu Dhabi
The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi…
Chady Zein re-joins Strategy& as a Senior Advisor
Eight years after leaving the strategy consulting firm, Chady Zein has re-joined Strategy& as a Senior Executive Advisor. Chady…
Lebanon follows McKinsey advice and legalises cannabis farming
Two years after a McKinsey & Company report laid out the benefits, Lebanon has legalised cannabis farming for industrial and…
Largest Russian Bank to open office in Abu Dhabi
The largest commercial bank in Russia, Central, and Eastern Europe is on course to open an office in Abu Dhabi…
Saudi Arabia Partners With the World Bank to Ensure No Nation Is Left Behind on AI
The World Bank and Saudi Arabia has announced a long-term partnership to accelerate the use of Artificial Intelligence (AI) in…
Central Bank of Bahrain launches fintech platform to drive innovation in Middle East
The Central Bank of Bahrain, in co-operation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank…
RAKBank nine-month 2020 net profits down to Dh438.64m as provisions cross Dh1b mark
Third quarter profits at RAKBank were down to Dh132.02 million, from Dh284.48 million a year ago, with higher provisions being…