11/14/2019
DFSA extends MoU with Chinese regulatory body CBIRC
The initial MoU, signed in Beijing on 24 September 2007, facilitated co-operation and information sharing between banking supervisors.
Legal, Tax, Regulation & Compliance
11/14/2019
Breakthrough seen in ending Gulf spat with Qatar
Kuwait and the US have stepped up efforts to resolve the dispute
11/13/2019
MENA's Smartcrowd real estate investments platform graduates from DFSA's ITL; obtains full license
The new license will permit SmartCrowd to open its platform to international investors and offer international real estate investments.
11/13/2019
Banks gear up for Aramco’s digital IPO
On Nov. 17, Aramco will publish a minimum and maximum range for the share price
11/13/2019
Exchange companies complain to CBK local banks refusal to open accounts
‘Business significantly affected’
11/13/2019
HSBC’s Quinn Courts Qataris for Deals After Chasing Saudi Fees
Representatives for HSBC and the QIA declined to comment. Qatar’s media office declined to comment on behalf of the ministry of finance and central bank.
11/12/2019
Al Baraka bank announces second Sukuk issuance to raise R400m
As Islamic law prevents any instrument from paying an absolute return, the Sukuk issued by Al Baraka will pay a variable return over its 10-year life and qualifies as tier 2 capital for the bank
11/12/2019
Vistra Completes Rebrand of London Legalisation Services
Harnessing our local expertise and global reach across 45 jurisdictions, we believe we are well positioned to create further opportunities for clients and prospects locally and abroad.
11/12/2019
CBK unveils liquidity management, forecasting dashboard
The Governor pointed out that “Any change in liquidity levels or volume of demand for the Kuwaiti Dinar could effect the rate of return in the monetary market.
11/12/2019
Lebanon: Central Bank Tries to Calm Nerves as Bank Employee Union Calls for Strike
The unprecedented wave of anti-government protests prompted the resignation of Prime Minister Saad Hariri.
11/12/2019
Boursa Kuwait approves Zagtrader for its market making solution
On the back of Boursa Kuwait's announcement in the previous years, Market Making is a crucial tool that serves in boosting liquidity of securities listed in the stock market in Kuwait
11/11/2019
Dubai's Jafza first to roll out new workforce protection deal
Workforce Protection Programme aims to provide improved benefits for thousands of employees
11/11/2019
UAE banks record total assets of USD820bn
It added that the asset growth was driven a rise in deposits from USD0.368 trillion in December 2018 to USD0.382trillion in September.
11/11/2019
Employees' rights under new DIFC employment and insolvency laws
Under the DIFC Preferential Creditor Regulations, employees are designated as 'preferred creditors'.
11/11/2019
Lebanese bank employee union calls strike over safety concerns
George al Hajj said the decision had been taken on Monday at a meeting of the syndicate that represents 11,000 bank employees.
11/11/2019
Dawn of VAT litigation in UAE: Are you prepared?
Since VAT litigation is new, there are not enough jurisprudence available to rely on.
11/11/2019
Emiratis to secure 40% banking jobs in UAE
Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
11/08/2019
UAE has 'no income tax plans' says senior government official
A feature about tax in a local newspaper caused a flurry of debate among residents
11/08/2019
Kuwait- Freeze assets of those on US sanctions list
CBK moves to combat money laundering, terror financing
11/07/2019
GCC countries likely to introduce direct and indirect tax in the near future
Tax experts in the region have confirmed to the daily that new taxes are expected to be applied on wealth and property, as well on businesses.