11/22/2019
New UAE insolvency law for individuals will come into effect in 2020
This allows the Emiratis as well as the expat residents to continue their lives without having to leave the country or be prosecuted.
Legal, Tax, Regulation & Compliance
11/21/2019
Saudi Central Bank Watches Banks for Excessive Lending in Rush for Aramco IPO
Central bank has eased lending rules to boost demand for IPO
11/21/2019
UAE property insights: Removing upper age limit for mortgages could spur demand
A circular was issued by the UAE central bank in October remove the maximum age limit requirement as at the time of last repayment.
11/21/2019
Dubai and FAB partner up on new financing scheme to boost SME sector
Emirati entrepreneurs to receive financing from First Abu Dhabi Bank
11/20/2019
Malath to capture greater efficiencies in managing Sharia Compliance
It currently oversees the Sharia compliance management of 30% of the cooperative Insurance firms listed on Tadawul.
11/20/2019
Qatar banks can largely fend off tougher 2020
As external funding flows return to the system, some money that had been injected into the system over the past 18 months will be taken back, the analyst said.
11/20/2019
KPMG in Qatar launches ‘Turkish desk’; holds investment seminar in Istanbul
The ‘Turkey-Qatar Trade and Investment Opportunities’ seminar took place at Fairmont Quasar Hotel in Istanbul
11/20/2019
Bahrain to impose compulsory health insurance plan on expats
Bahrain wants to introduce mandatory health insurance for its expat population and has already reached out to private consultants to come up with a strategy.
11/20/2019
Dubai has up to 200 golden visas for African investors
It move is also expected to facilitate and boost investment flows between Dubai and Africa.
11/20/2019
German police raid suspected hawala banking ring
German authorities watched the suspected illegal banking operation for a year before their raid. The suspects are accused of running an illegal hawala banking system between Germany and Turkey.
11/19/2019
UAE Insurance Authority releases new rules on life cover
The new rules will improve disclosure for customers and institute commission caps on the sale of protection products, including fixed-term savings plans.
11/19/2019
UAE’s banking sector welcomes new insolvency law
New regulation mutually beneficial to businesses and banks: UBF
11/19/2019
DLD highlights 'Joint Ownership Properties in Dubai' and 'Mollak System'
231,277 real estate units, 1,240 properties, and 89 real estate companies registered in the system, with teams on standby
11/19/2019
Barclays’ Jenkins Told SFO Qatar Fees Justified by Opportunities
All three men have pleaded not guilty.
11/19/2019
Trading of new bonds begins on Bahrain's bourse
Issued by the Central Bank of Bahrain, the bonds have a duration of five years, from November 10, 2019 to November 10, 2024
11/19/2019
Do You Have a Bank Account in Israel? The IRS May Be Targeting You!
The IRS coordinates with global banking and foreign governments to discover when U.S. taxpayers have failed to report foreign investments
11/19/2019
The UAE Foreign Direct Investment Law
The United Arab Emirates (UAE), a federation of seven Emirates (member states), has served as a global centre for trade for centuries.
11/18/2019
Imdaad secures Abu Dhabi Islamic Bank FM contract
The contract encompasses over 100 locations across all seven emirates
11/18/2019
EU adopts framework for sanctions on Turkey
This decision is a direct follow-up to the Council conclusions of 14 October 2019
11/17/2019
The regulatory agenda moves on
Regulators may need to consider changing from supervising entities to supervising activities