09/15/2019
Regulators urged to proactively manage debt systematically
Avoiding bankruptcies of potentially viable businesses will not only help preserve jobs in our region, but can also be a driver of economic growth.”
Legal, Tax, Regulation & Compliance
09/13/2019
Asset Protection - Why Jersey Trusts And Foundations Appeal To Middle Eastern Clients
Other reasons for establishing a trust or foundation include the ability to preserve confidentiality against the public
09/13/2019
Dentons launches '50 for 50' CSR Challenge in the Middle East
Named the '50 for 50' Challenge, the initiative aims to inspire all members of the Firm's Middle East offices to give back to their local communities by dedicating time or resources to any number of 50 approved CSR initiatives by Ramadan 20
09/12/2019
Saudi Arabia's banking regulator sees mortgage market doubling in next few years
Kingdom has already seen significant growth in mortgage loans provided by commercial banks
09/12/2019
Saudis condemn Israeli prime minister's West Bank annexations plans
Critics said this could inflame the Middle East and eliminate any remaining Palestinian hope of establishing a separate state.
09/12/2019
New law bolsters Qatar's role in combating money laundering, terror funding
Amir issues Law No. 20 of 2019 to issue a law on combating money laundering and terrorism financing
09/12/2019
Trust in UAE banking sector shows a strong year-on-year increase from 68% to 74%, reveals a recently conducted UBF Survey
The results of the 4th edition of the Trust Index Survey also showed that overall impressions have improved, with 83% of participants recording a 'very positive' perception towards UAE banks, compared with 76% in 2017 and 72% in 2016
09/11/2019
Egypt Primed for Emerging World's Deepest Rate Cuts After Turkey
Egypt’s lowest inflation in over 6 years opens door for easing
09/11/2019
IMF advises Saudi to improve small businesses landscape
This includes architecture and interior design practices, both local and international.
09/11/2019
Kuwait’s Largest Law Firm Signs Collaboration Agreement with Andersen Global
Adding a firm of the quality and scale of Al Khebra helps to continue to position Andersen Global as ‘best in class’ consistently - in every region around the globe.”
09/11/2019
Banks advised Pay higher interest for Kuwaiti dinar deposits than US dollars
They added that some banks were instructed to increase interest rates for US dollar deposits in March and April
09/11/2019
ENBD REIT Completes Share Buy-Back Programme
ENBD REIT’s management and directors identified value in utilising excess cash held within the REIT to purchase and subsequently cancel shares
09/11/2019
Abu Dhabi Global Market awards digital banking licence to Anglo-Gulf Trade Bank
AGTB endeavours to become the world’s pre-eminent digital transaction services and trade solutions bank
09/11/2019
Emirates NBD enhances data-driven decision making as first global bank to leverage SAP Financial Services Data Platform
Implementation marks second phase of expansion for bank's Enterprise Data Platform as a major flagship initiative in ongoing AED 1 billion digital transformation
09/10/2019
MoI cautions citizens, residents on anonymous, suspicious messages
These messages may include links or trademarks of financial institutions that the users deal with in order to mislead them to obtain personal banking information such as user name, password, credit card numbers, account details as other personal details,
09/10/2019
Banks advised “Pay higher interest for Kuwaiti dinar deposits than US dollars”
They added that some banks were instructed to increase interest rates for US dollar deposits in March and April due to temporary factors.
09/10/2019
Federal Tax Authority Reaffirms: ‘Refunding Tax for Eligible Applicants a Direct Transaction Between Registrants and the FTA’
The Authority reiterated its call for maintaining strict confidentiality of registrants’ data.
09/10/2019
After 1MDB fallout with UAE, Goldman desperately courts rest of Middle East
Saudi Arabia is becoming the focus of Goldman Sachs’ Middle East strategy after the fallout from the 1MDB corruption scandal marked its abrupt downfall in Abu Dhabi, once one of its most lucrative markets in the region.
09/10/2019
Saudi Arabia should consider raising VAT to 10%: IMF
The Gulf state recently restrained crude production by more than called for by an OPEC-led supply deal to support oil markets, but slowing oil demand and the weakening global economy have kept prices under pressure.
09/09/2019
Aventicum Capital expands Qatar presence
All of the acquired funds will be made available to local, regional and international investors as the asset manager looks to expand the geographical reach of its client base and bolster its emerging markets’ portfolio.