10/29/2019
Lebanon's closed banks pledge to pay out salaries
The government has yet to indicate it would cede ground to protesters, whose demands include its resignation.
Legal, Tax, Regulation & Compliance
10/28/2019
UAE Accepts Crypto Regulation, Blockchain Projects Stand to Benefit
With the focus usually on China, Japan or the United States, the Middle East is an area that doesn't often get the attention it deserves when it comes to blockchain and cryptocurrencies.
10/28/2019
Dubai CSD licensed as the first independent central securities depository service provider in the UAE
H.E. Essa Kazim: "The post-trade services' revamp further strengthens Dubai's leading position as a center of excellence and a dynamic capital markets hub"
10/28/2019
Brazil and the UAE sign deal to deepen trade ties
According to the Dubai Chamber of Commerce and Industry, bilateral UAE-Brazil trade last year was $2.7 billion.
10/28/2019
EY: Gold, drug money and a major auditor's 'cover-up'
The following year the accountancy firm EY, formerly known as Ernst and Young, had been asked to conduct a review of Kaloti's compliance
10/25/2019
UAE remains best Middle East country for doing business
UAE an inspiration for business regulatory reforms, said World Bank.
10/25/2019
Saudi Arabia's new bankruptcy law faces key test in the courts
Legislation introduced in 2018 is part of broader efforts to overhaul the economy of the world's top oil exporter to entice foreign investment, create jobs for young Saudis and diversify into non-oil industries.
10/25/2019
Massive drive by Sharjah to prevent bank frauds
Sharjah Islamic Bank, Sharjah Police embark on 'Stay Safe… Secure Your Account' campaign
10/25/2019
Tidjane Thiam: The "WEF in the desert" is calling
This year, the second-largest Swiss bank is prominently represented there.
10/25/2019
Direct taxation of businesses in United Arab Emirates
There is no personal income tax.
10/24/2019
Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands
Ben-Avraham told Reuters he lined up investors to back his bid and has work to complete before the auction.
10/24/2019
Malath Cooperative inks vehicle insurance with Saudi Bank Albilad
The contract's premiums may total 5% of the total annual sales
10/24/2019
MUFG and SAGIA promote Japanese investment in Saudi Arabia
The Kingdom has some of the largest oil reserves in the world and is a major producer and exporter of energy.
10/24/2019
Kuwait allows visit visas to be converted into residency visas
A visit visa on arrival costs KD 3 for certain nationalities, the fee for renewal of residence permit for one year is KD 10 per person
10/24/2019
New DIFC Employee Workplace Savings Scheme Proposed
The "qualifying scheme" is designed to cater for employers that have already been contributing to a plan on the behalf of their employers, or who have specific requirements that are not catered for by the DEWS plan.
10/24/2019
UAE central bank proposes new real estate lending rules for banks
Banks are expected to respond to the new proposal by October 31
10/24/2019
Regulatory environment biggest hurdle facing fintech startups
Yet despite such growth, startups are facing a few major hurdles, primarily in regulations and financing.
10/23/2019
"KFH Group" establishes a partnership with "Brilliant Lab"
As part of its support the national initiators
10/23/2019
NBK partners with global non-profit ‘Entrepreneurs’ Organization’, Kuwait
Al-Abdulghafour: We aim to help young entrepreneurs plan their future
10/22/2019
Lebanon Pledges Bank Tax as Part of Sweeping Drive to End Unrest
The vision was met with skepticism by economists, not least because Lebanon’s budget deficit stood at just under 12% of gross domestic product in 2018.