11/01/2019
Dubai is facing a real estate paradox that has the industry divided
The bright side to this trend, however, is the well-known fact that a flat property market is almost always a buyers' market and Dubai is no exception.
Legal, Tax, Regulation & Compliance
11/01/2019
Dentons advises on second green corporate sukuk issuance in the Middle East
This was the second green sukuk issuance by Majid Al Futtaim, who intend to use the proceeds to back environmentally-friendly projects in areas such as renewable energy and sustainable water management.
10/31/2019
How DIFC’s new savings scheme is evolving as it nears roll-out on January 1
Details of the plan’s fees and how it will work are emerging, but questions and concerns about implementation remain
10/31/2019
Sharia law and the applicable inheritance rules
These are the trends that have led particularly to women seeking our assistance and expertise.
10/31/2019
Breaking foreign exchange peg could be ruinous for Lebanon
High levels of US dollar denominated debt, which makes up nearly half of Lebanon's total liabilities, is one reason why a devaluation could be more painful.
10/31/2019
Dubai Police Arrest “Middle East Bitcoin” or Habibi Coin Founder for Defrauding Millions from Investors
Dubai-based entrepreneur faces legal troubles due to Habibi Coin, or the 'bitcoin of the Middle East', due to defrauding investors worth millions of dollars for promising financial freedom through his International Success Group.
10/31/2019
GCC rate cuts: UAE residents will now be able borrow money for lower rates
Lower policy rates unlikely to lift private sector loan demand
10/31/2019
President Kenyatta courts Arab investors to invest in Kenya
President Kenyatta urged Middle East investors not to be deterred by negative media stories that try to depict Africa in negative light while ignoring the growth and prosperity of the continent.
10/31/2019
ICD to subscribe Emirates NBD rights issue
Bank to raise Dh6.45 billion through rights offering
10/30/2019
Saudi Arabia's new bankruptcy law faces key test in the courts
A lack of modern bankruptcy regulations had created difficulties for struggling firms seeking to restructure debt with creditors since the 2009 global financial crisis and the more recent dip in oil prices.
10/30/2019
Xpress Money Expands Operations in China With Geoswift
Enables real-time bank transfers to UnionPay card account holders across 14 banks
10/30/2019
UAE’s tax authority urges tax registration for new excise duties
Failure to register companies and stocks of taxable items to result in hefty fines in UAE
10/30/2019
UAE- Digitrans 2019 to focus on digital transformation
The forum will focus on the trending digital practices in six industry tracks, namely government, banking, healthcare, retail, education, and transportation.
10/30/2019
Swiss Bankers Wrap Saudi Arabia Trip
A delegation led by Swiss finance minister Ueli Maurer on Tuesday wrapped up a trip to Saudi Arabia and the United Arab Emirates
10/29/2019
Bank account information of Iqama holders: UAE ministry approached to seek access
The Iqama holders get artificial residence in the UAE due to which their accounts/balances and other tax-related information are not shared with Pakistan, the FBR added.
10/29/2019
Lebanon's c. bank urges quick solution to avoid future collapse
There is no sign of the government giving ground to protesters, whose demands include its resignation.
10/29/2019
Kuwait - Banks have no right to increase interest rate on a loan
Law No. 305 of the civil law considers invalid every agreement in which payment is given in return of benefitting from the loaned money or lease through deducting interest before actual payment
10/29/2019
Choosing the right agency for your Citizenship-by-Investment application is more crucial than ever before
As the industry matures, governments continue to refine their due diligence processes and tighten regulations in order to protect the integrity of their CBI & RBI programs
10/29/2019
Qatar- In rare win for regulators, Australia's Westpac loses case over marketing cold calls
The court gave ASIC and Westpac two weeks to agree on what public declarations the bank must give.
10/29/2019
Bahrain FDI increases 1% to $262.6m in Q2 2019
Kuwait contributed the most in terms of foreign direct investments into Bahrain, followed by India and the Kingdom of Saudi Arabia