Oman suspends local filing transfer pricing reporting requirement
On 7 July, the Oman tax authority published an announcement suspending the country-by-country local filing requirement until further notice. All…
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Norton Rose Fulbright LLP and Save the Children launch global strategic partnership
Norton Rose Fulbright LLP (Europe, Middle East and Asia) has entered into a three-year strategic partnership with global NGO Save…
British Arab Commercial Bank strengthens leadership with key appointments
British Arab Commercial Bank has announced a series of key appointments that strengthen the Bank’s leadership, enhance its risk strategy…
Andersen Global Expands Practice in the United Arab Emirates
Andersen Global has entered into a Collaboration Agreement with full-service law firm IBRAHIM & PARTNERS in the United Arab Emirates…
Saudi Arabia steps up crackdown on shadow economy
Saudi Arabia has stepped up efforts to crack down on the shadow economy. It follows the introduction of an…
87% of UAE brands changed customer experiences due to the pandemic
In response to changing customer demands, 88% of UAE IT decision-makers, and 84% of MENA IT decision-makers, said their brands…
MENA debt capital markets issuance totalled $70.6bln in H1 2021
MENA Debt capital markets issuance totalled $70.6 billion during the first half (H1) of 2021, down 6 percent from last…
Barclays appoints a Head of Investment Banking, Continental Europe
Barclays has announced that Pier Luigi Colizzi, currently Head of M&A for Europe, Middle East and Africa, has been appointed…
United Arab Emirates publishes MAP guidance for resolving tax and transfer pricing disputes
On 1 July, the United Arab Emirates officially issued the mutual agreement procedure (MAP) guidance through the Department of International…
Saudi commerce minister reveals plans for joint Iraqi investment company
Saudi Arabia and Iraq plan to launch a joint investment company, Al Arabiya reported. Saudi Commerce Minister Majid Al-Qasabi,…
Saudi Arabia’s holding of US bonds amounted to $127.3bln in May
Saudi Arabia’s holding of US Treasury securities amounted to $127.3 billion in May 2021, according to new data from the…
UAE's first half 2021 bank results point to economic recovery gaining traction
Financial results of UAE banks for the first six months of 2021 point to sustained improvement in profitability supported by…