08/24/2020
ENBD REIT hedges AED 400m facility with Mashreq Bank
Shari'a-compliant profit rate swap with Mashreq Bank will hedge 56% of ENBD REIT's total outstanding debt
Legal, Tax, Regulation & Compliance
08/24/2020
DIFC Courts leverages digital infrastructure to accommodate rapid rise in commercial claims
Surge in main court cases, revealing a 96% increase year-on-year
08/24/2020
Kuwait to transfer 2b dinars to General Reserve Fund
Newly injected liquidity to cover government’s budget shortfall
08/23/2020
Israeli, UAE law firms to collaborate on framework for business ties
The presentations will largely focus on taxation, banking, the structure of the legal system and business opportunities in their respective countries.
08/23/2020
BAB organises series of meetings on financial disputes’ settlement
Adnan expressed gratitude to Sheikh Khalid bin Ali Al Khalifa, the Minister of Justice, Islamic Affairs and Waqf and Rasheed Al Maraj, Governor of Bahrain’s Central Bank
08/21/2020
Kuwait passes law to protect ailing companies, attract investors
The new law does not treat failure to pay debt as a criminal offence
08/21/2020
UBP's Saudi Setback
The Swiss ruling denies an appeal by UBP against Hugh Dickson and Mark Byers, liquidators of Saudi Arabia vehicle Saad.
08/21/2020
'It’s been a challenging year': Dubai loosens alcohol laws to ease economic slump worsened by coronavirus
Liquor sales have long served as major barometer of Dubai’s economy
08/20/2020
QFMA sheds light on key efforts and achievements in its 2019 annual report
The QFMA also seeks to regulate the mechanism of conducting business related to securities
08/20/2020
Dubai law to regulate family businesses
The Law No (9) of 2020 Dubai, which defines the terms of the family ownership contract, and the powers and obligations of its manager, is valid from the date of its publication in the Official Gazette.
08/20/2020
QFCRA takes disciplinary action against former CEO of company
The Tribunal noted that the financial penalty and prohibition imposed by the Regulatory Authority was appropriate given Russell’s conduct but, given certain reasons, the Tribunal commuted the financial penalty.
08/20/2020
Saudi Marketing signs $26.67mln financing deal with Bank Albilad
The facility will finance the company's working capital requirements
08/20/2020
Abu Dhabi in talks with banks for new international bond deal, sources say
It is now discussing a new transaction and has picked a group of banks to arrange it, said two sources familiar with the matter without identifying the banks involved.
08/20/2020
Ex-Guardian Wealth Qatar CEO hit with fine and ban
But financial hardship and coronavirus see the penalty commuted
08/19/2020
QPay witnesses more than 4-fold jump in transactions in 2019
In 2019, transactions under Qatch increased in both value (24.17%) and volume (10.64%) terms over the previous year.
08/19/2020
UAE residents flying back to Dubai still require GDRFA approval
A directive that went into effect on Wednesday had said all expats with UAE residency visas can enter the country without prior approvals
08/19/2020
ADIO, ADQ join forces to boost Abu Dhabi's digital economy, startups
The collaboration includes transferring the ventures fund, which was set up through Ghadan 21, to ADQ
08/19/2020
DIFC launches new license starting at $1,500 for startups and entrepreneurs in Dubai
Businesses can secure up to four visas when renting a desk space within the freezone
08/19/2020
Dubai fraudster David Haigh made bankrupt after losing $5m case
Haigh was deputy chief executive of GFH Capital, the investment banking arm of the Bahrain group, and led its purchase of a 24 per cent stake in the English football club Leeds United in 2013.
08/19/2020
Mohammed bin Rashid enacts amendments to DIFC’s Common Reporting Standard Law
Updated Law enhances the Centre’s transparency