10/14/2019

Guidance on economic substance released

The introduction of these regulations was an important step in the UAE’s implementation of action 5 of the OECD Base Erosion and Profit Shifting project, similar to other jurisdictions with “no or only nominal” tax regimes.

10/14/2019

Crowdfunding receives boost in Middle East

Crowdfunding is a catch-all term used to describe different fundraising models that allow a group – 'crowd' – to pool funds and finance specific projects or businesses.

10/14/2019

Central Bank announces new rules for loan

As a part of the modification, the age demand can currently be determined by lenders as per their risk management and disposition policies, providing customers with larger selection and suppleness,” the financial organization said.

10/11/2019

Singapore's Temasek rules out investment in Saudi Aramco IPO

But Temasek's focus on sustainability and environmental, social and governance principles made it more difficult to support Aramco's share sale, the people said, asking not to be identified because the discussions are private.

10/11/2019

Regulators Reject Qatar-Backed Deutsche Bank Board Member

Deutsche’s regulators - the European Central Bank and financial markets watchdog BaFin - have now determined that Zeltner’s position on Deutsche’s board would be a conflict of interest because he is also the chief executive officer of KB