09/06/2020
UAE cabinet restructures Emirates Development Bank board
The Board, that shall serve for a three-year renewable term
Legal, Tax, Regulation & Compliance
09/04/2020
Dubai’s new retirement visa to boost local economy and property market
Analysts say the emirate's move will influence expats’ investment and spending decisions
09/04/2020
Ahli Bank successfully completes new 5-year bond transaction raising $500m
“Our fourth bond issuance was met with high-quality and strong investor support resulting in a healthy geographic split of investors from Europe taking a 34 percent share, Asia with 32 percent share, UK with 24 percent share and MENA with 10 percent
09/03/2020
Saudi Arabia to allow foreigners to invest directly in debt instruments
The kingdom has since introduced a raft of reforms to attract overseas share buyers and issuers as part of efforts to lure foreign capital and diversify the oil-dependent economy.
09/03/2020
Transfer pricing to take centre stage in Middle East taxation
As they struggle to comply with these changes, the surrounding outlook is only growing more complicated.
09/03/2020
Abu Dhabi issues USD 5 billion in multi-tranche
50-year bond marking GCC's longest dated sovereign issuance
09/03/2020
Wafa Life Insurance Egypt licensed to operate in Life and Health
With the establishment of this new subsidiary, Wafa Assurance reaffirms its strategy to grow its presence on the African continent and continue to serve African business and individual customers by catering to their protection and investment needs.
09/02/2020
DMCC, ENBD to offer payment plan at zero interest
The partnership offers over 17,500 DMCC member companies the benefits of making ongoing routine payments conveniently
09/02/2020
UAE, Israel agree to establish committee for banking and financial cooperation
An Israeli delegation is in Abu Dhabi on a historic trip
09/02/2020
CBO issues treasury bills worth OMR48 million
Furthermore, treasury bills promote the local money market by creating a benchmark yield curve for short-term interest rates.
09/02/2020
First Abu Dhabi Bank to Start Talks With Israeli Lenders
The UAE and Israel started normalizing relations last month. As part of the process, El Al Israel Airlines Ltd. on Monday operated an unprecedented commercial flight to the UAE with senior U.S. and Israeli officials aboard.
09/02/2020
UAE makes it mandatory for hawala service providers to register
Hawala, or hundi, is an unofficial and informal channel to transfer money mainly used among South Asians.
09/02/2020
2 Saudi royals, others officials investigated for fraud
The kingdom is investigating four other officials as well, all on the orders of 84-year-old King Salman, the statement said.
09/02/2020
KPMG in Bahrain expands its tax and corporate services
Effective September 1, 2020, Mubeen Khadir joins KPMG in Bahrain as Tax Partner
09/02/2020
To enable trade relations, Israel must first remove UAE banks from its blacklist
The Israel Money Laundering and Terror Financing Prohibition Authority currently classify the UAE as a high-risk country due to money laundering and terror financing concerns
09/01/2020
Jordan signs 4 financing agreements with EU, Germany
The objective of the school construction programme financed by the European Union is to assist the government of Jordan in responding to the needs of children and youth impacted by the Syrian crisis.
09/01/2020
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
The strategic partnership with TMG will allow the Arab Company for Projects and Urban Development to develop projects spanning a total of over 341,000 sqm in both Rehab and Madinaty.
09/01/2020
Egypt signs $2bn conventional, Islamic facility to finance budget deficit
According to a Ministry of Finance statement, on Monday, the facility was closed by Emirates NBD Capital Limited, the investment-banking arm of Emirates NBD, and First Abu Dhabi Bank (FAB) as the transaction’s global coordinators, mandated lead arra
09/01/2020
UAE central bank boosts liquidity with $4.3bn cash injection
Certificates of deposit dropped to $53bn by the end of May, from $54bn in April
08/28/2020
Bahrain jails Future Bank officials; $47mln fines issued for money laundering
Bahrain's High Criminal Court handed down the sentences against three future bank officials, the Central Bank of Iran and other banks