08/25/2020
CII bolsters Saudi Arabia adviser education programme
It is a ‘very significant development for the Middle East’s insurance and financial planning sectors’
Legal, Tax, Regulation & Compliance
08/25/2020
Ras Al Khaimah reduces license renewal fees, waives fines in new COVID-19 relief measures
Businesses affected by lockdown measures will see full benefits from move
08/25/2020
Bahrain raises debt ceiling to finance public spending - cabinet
The debt ceiling was also increased to pay for other expenditure and to cover debt instalments for the financial years 2020 through 2022
08/25/2020
Bahrain's GFH Financial picks up majority in Global Banking Corp.
Bahrain's GFH Financial picks up majority in Global Banking Corp.
08/25/2020
Ahmad Abu Eideh, CEO, United Arab Bank
In the case of the UAE, the full impact of the Covid-19 outbreak has been cushioned by the government stimulus measures, which were announced and executed earlier here than in other Gulf countries.
08/25/2020
The Quiet Man in Stockholm Who Laundered China’s Oil Money for Iran
Unlike Zarrab, Nema has faced no charges for helping Iran evade sanctions.
08/24/2020
QFCRA agrees settlement with GlobeMed Qatar
The settlement agreement resolves the matter to the satisfaction of the regulatory authority, the statement added.
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
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.